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Where is value removed? The money ends up in the hands of casino companies that spend it on architecture and arts or it is paid out to shareholders who will inv
by southerndrift 8y ago
Where is value removed? The money ends up in the hands of casino companies that spend it on architecture and arts or it is paid out to shareholders who will invest it in new opportunities. It's really difficult to remove value from society. Even if they burn bills, it will only increase the value of every other Dollar because the supply of Dollars just shrunk. You have to maliciously commission bad art or create toxic waste to remove value.
- yetihehe 8y agoImagine a millionaire, which went through towns breaking windows for fun (he likes the noise and throwing rocks) or art (broken windows make nice reflections on sidewalk) and payed for every broken window. Is this not destroying value?
- GFischer 8y agoYes, but there's an upper bound on how much value he can destroy that way. There are other ways they can destroy more value, of course...
- southerndrift 8y agoYou also destroy value if you throw away your trash with all those nice boxes and bottles. The value is not in the objects but in the production knowledge. Increasing the demand for glass will improve production and drive down costs for everybody in the long run. Breaking windows is only taxing on society if there is full employment and there are not enough people to do all available tasks.