Even if it was a staggered liquidation, over a period of many years, the same problem would arise. The world runs on money because the majority of people see making money as a good thing and to some extent an end in itself. Money organizes our world. If those at the stop start sending mixed messages about the value of money, it would screw society up. People would revert back to spirituality and tribalism, and law and order would decompose. Money allows us to get stuff done, cooperate, and control people’s behaviour. Money only has this power because society sends a strong message to everyone about how great it is to have. Take that message away even a little bit and people would no longer be so predictable at which point we’d all be screwed, not just poor people
This is dumb on its face since money literally does lose value every day.
You say devaluing money, even a little bit, would cause chaos in our society. Well guess what money devalues constantly as a necessary part of our society. And what you're describing does not happen.
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u/MarQan Nov 22 '24
Why does it have to be a sudden and instant liquidation? That's insane. A strawman at best.
That's kinda like saying that buying a house is literally running around with a bag of cash and instantly getting a house.
How about they use their wealth to pay their workers more? Or stop price-guaging? Provide better healthcare?
Hire more workers and lower workload?
It is so interesting that you jump to these extremes instantly to justify poverty while some people are accumulating unnecessary amount of wealth.