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Money is already worthless. It's paper. It only has value that we as a society set on it. If the shit really hit the fan, governments of the world could decide
by gremlinsinc 6y ago
Money is already worthless. It's paper. It only has value that we as a society set on it. If the shit really hit the fan, governments of the world could decide to scrap all currencies give everyone an 'equivalency' of their old lifestyle in a 'new currency' and reboot the virtual monopoly game.
Why do you think billionaires horde money? It's the same reason debears hordes diamonds, if all the diamonds that exist actually were available on the markets they wouldn't be worth shit. By hording all the diamonds mined, they get to set the prices.
Sure if you spread more money out to more people, some prices may adjust up a bit, but you're not going to get runaway price gouging across everything like many who are against UBI claim.