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It's a strange and interesting thought. Buying silver with your cash and then sinking it to the bottom of the ocean would definitely destroy economic value. Si
by quaquaqua1 7y ago
It's a strange and interesting thought.
Buying silver with your cash and then sinking it to the bottom of the ocean would definitely destroy economic value. Silver is used for producing goods and protecting against inflation. If you start destroying silver faster than the world is producing it, you will measure your economic impact by the rise in price of silver, since you reduced the supply. It currently isn't illegal to destroy silver, but the US govt has made laws in the past regarding the confiscation of silver in times of scarcity.
Putting nuclear waste on land, specifically useful land like manhattan or etc would also destroy economic value and also be highly, highly illegal :) It would desttoy money and make people's lives hard, because they would have to spend money to relocate away from all the nuclear waste. Skyscrapers and tunnels would become worthless as there's no reason to go near them anymore.
Convincing people to give you money in a scam also destroys economic value because they are not getting anything in return for their money sent to you :)
Ultimately, the world economy is built on labor and resources. If you destroy resources and also make it impossible for people to perform labor, then you've destroyed value, measured in dollars :)
- thrwaway69 7y agoInteresting case about silver. What if someone wants ethical disposal of the money? One idea I could think of is funding legal euthanasia (where it's allowed). That should be 'ethical' and cost economically more in the long term disposing value you invested. Human life in UK for example costs about 2-4 million dollars.