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Comment on Most of the misery in the world is the direct result of too much money in too few unscrupulous hands. This is not only the cause of the vast majority of human suffering, but also of climate change, wh

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HaiZhung@feddit.org ⁨2⁩ ⁨days⁩ ago

Money is not the problem. Money is being used to translate the value of the real resources that the Uber rich hold.

They don’t hoard money. They hoard companies, houses, stocks, bonds, debt.

When you work to create a surplus? It goes to them. When you pay your landlord? It goes to them. When you pay taxes? Believe it or not, it also goes to them through the form of interest debt.

You gotta weed that shit out at the root. Tax wealth not work.

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Tattorack@lemmy.world ⁨2⁩ ⁨days⁩ ago
Debt is not a real resource, it’s a complete fabrication, and all the richest people have a value that doesn’t exist in real world resources, rather a perceived agreed upon value of what their assets might cost, based on the vague idea that it will appreciate in value in the future, and the debt cycle that may continue printing money for banks.

So most money isn’t based on anything. And the value of currency these days is entirely fiat.

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