3 ms·
Money is arbitrary. It's like voltage: power is the important part. Same with economics: wealth is the important part. Wealth can be invariant while money fluc
by msgodel 1y ago
Money is arbitrary. It's like voltage: power is the important part.
Same with economics: wealth is the important part. Wealth can be invariant while money fluctuates.
- FredPret 1y agoMoney is just a token. The valuable thing is the actual output of products and services. Companies are great at this, and taking resources away from them means they have to crank out less of it. The best and simplest thing is to tax the salaries and dividends paid by the companies, and stop taxing consumption (regressive tax that's hardest on the poor) or profits (reduces investment and output).