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> Inheritance is worthless, then. That's a spurious deduction. Inheritance is a mechanism of passing value store. Purely living off inheritance, reduces the st
by 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.