I’ve been thinking: if we’re a nice kind of government, couldn’t we just print the money we’re going to use to for example, give americans in poverty 10000$ ? This would “just devalue the money the rich people have”, so something about international exchange rates is propably the thing that stops me from mentally circumventing the freedom-based value that we can’t just take money people have earned. really gross food for thought
The biggest problem with that is that rich people don’t actually have massive piles of cash, they have massive piles of stocks. Devalue the currency, and their stocks are worth a lot more actual cash
I’ve been thinking: if we’re a nice kind of government, couldn’t we just print the money we’re going to use to for example, give americans in poverty 10000$ ? This would “just devalue the money the rich people have”, so something about international exchange rates is propably the thing that stops me from mentally circumventing the freedom-based value that we can’t just take money people have earned. really gross food for thought
The biggest problem with that is that rich people don’t actually have massive piles of cash, they have massive piles of stocks. Devalue the currency, and their stocks are worth a lot more actual cash
https://youtu.be/kFhKVCaadzE
Well actually…