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"The fact that you have to work for the dollar is the thing that gives the dollar value." Wait, so then how does inheritance work? Like, your grandmother worke
by Balgair 10y ago
"The fact that you have to work for the dollar is the thing that gives the dollar value."
Wait, so then how does inheritance work? Like, your grandmother worked for it, but you just snowboard all year long. What am I missing here?
- gaius 10y agoThe fact that dollars are exchanged for work and vice versa. The guy or gal snowboarding all year is renting a chalet, buying a ski pass, buying gear and food and generally spending money in the local economy.
- sokoloff 10y agoMoney can be thought of as a claim check on labor. You work doing something valuable and get money. You spend some and save some. What you have saved/invested and not spent and passed on to someone else still has value. In the snowboarder's case, someone worked for that money and gifted it to them. Totally consistent if you don't overly focus on the "YOU have to work for it" but rather "SOMEONE has to work for it"
- lg 10y agoright. so i work, pay taxes and those get distributed to my neighbor's UBI. what i have passed on to someone else still has value.