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> Money which is not in motion is not money. Absolutely the most important thing that can be said. My response to moralizing and angst over how the economicall
by karmajunkie 11y ago
> Money which is not in motion is not money.
Absolutely the most important thing that can be said. My response to moralizing and angst over how the economically disadvantaged spend welfare money, or judgment about "lazy" people who wouldn't continue to work in the face of basic income is "who gives a fuck? As long as they spend the money, its moving and the economy moves with it."
Money has gravity. It will always move towards those concentrations of wealth that exist at the top and away from the bottom. Without a mechanism of some kind to remove it from the top and inject it into the bottom, it will never move in any way that provides benefit to the larger economy, and might as well be a closed system.
- Goladus 11y agoA bit of a tangent here, but: > "who gives a fuck? As long as they spend the money, its moving and the economy moves with it." What they spend it on matters. The economy and thus society is shaped by consumer demand. Not just how much people want(and can afford), but what people want (and can afford).