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The problem w money is that it represents the fruit of human labor but also allows speculation. We have arrived at a point where accumulated wealth through spec
by bawana 8y ago
The problem w money is that it represents the fruit of human labor but also allows speculation. We have arrived at a point where accumulated wealth through speculation that human labor ( and therefore self worth ) are devalued. That money from financial investments (speculation) can be ploughed back into speculation removes the human effort that generated the money in the first place. To restore human value we need a simple restriction. Capital gains should only be spendable on real stuff - things, services, etc. whereas money from human work should be unrestricted. The block chain is a perfect tool to keep track of monetary transactions and would allow automatic enforcement of this regulation