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Inheritance is worthless, then. As an heir I can more or less inherit from day 0 (in some jurisdictions even before) of my living life. This means there is the
by mrleiter 9y ago
Inheritance is worthless, then. As an heir I can more or less inherit from day 0 (in some jurisdictions even before) of my living life. This means there is the possibility of me putting in zero effort, besides from being born alive, to obtain it. Yet it obviously has some worth.
- RandComment 9y ago> Inheritance is worthless, then. That's a spurious deduction. Inheritance is a mechanism of passing value store. Purely living off inheritance, reduces the stored value. This is a demonstration of the concept, not a violation.
- abiox 9y ago1) "The value of a currency is the effort required to obtain it" 2) (Inheritance requires no or marginal effort in acquisition) c) "Inheritance is worthless, then."
- btilly 9y agoModify #1 to "The value of the currency is the average effort required to obtain X in wealth." That allows us to include inheritance of wealth and finding bags of gold in the street without dismantling our understanding that a given amount of money represents a given amount of effort that we can expect others to be willing to exert to acquire that money from us. And then walk through a house and look at it not as $X00,000 dollars, but rather as the amount of human work it represents.
- RandComment 9y agoCurrency value isn't dependent on a single entity's experience or the starving man would set food prices. SMH
- abiox 9y agopresumably your issue was with the first premise and not the conclusion.
- RandComment 9y agoThat is not presumed. Reappropriating how value and effort are measured is just raising strawmen, as I intimated.
- abiox 9y agothen your post was purely non-sequitur, as the syllogism's conclusion holds. there was no strawman.
- RandComment 9y ago> purely non-sequitur That's projection. No definition was offered and the existing was discounted. Still a strawman. Good luck with whatever.
- abiox 9y agodefinition provided by OP, qed: > The value of a currency is the effort required to obtain it.