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View Diary: A Failed Experiment (136 comments)

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  •  Hoarding money is not a taxable enterprise. (34+ / 0-)

    So, I, for one, am not certain that raising or lowering the rate of taxes on money that isn't taxed is going to effect anything.
    Also, fact is, if every household had enough money to pey for all necessary goods and services, it wouldn't be necessary to provide supplements. Surely, employers who pay less than subsistence wages know that. They also know that they owe no tax on money paid out in wages. So, why do they stint their workers? The answer is simple. People in power, or people who lust for power, rightly perceive an inverse relationship between power and pay. The more they have to pay a person for his/her labor, the less power they have over that person and, conversely, the more pay an individual can exact, the more power that person has. People have fallen into the habit of accumulating and hoarding money because they are convinced it makes them powerful.
    That is why when, for example, thousands of poor people who have had taxes withheld from their pay and are entitled to a refund but don't bother to file and collect it, are an almost insufferable insult to our moneyed elite. How can they be so disdainful of money when it is the very essence of a person's significance? How dare OWS give food away for free, right there I'm the heart of Wall Street? How dare people thumb their nose at a bigger paycheck and teach a bunch of ragamuffins for next to nothing?

    We are in the mess we are because we have allowed people who find their significance in accumulating dollars decide how the country should be run. Might as well leave the planting of oaks to squirrels. The acorns may sprout in a stash, but they won't thrive and grow into trees.

    We organize governments to provide benefits and prevent abuse.

    by hannah on Thu Nov 22, 2012 at 04:35:14 AM PST

      •  What we need is to educate people to the fact (9+ / 0-)

        that money is worthless, a measuring tool and a tangible symbol of our transactions. As a tangible symbol, the dollar differs little from the marks the inventors of writing cut into stone or traced on papyrus with inks. While it may seem that, if money is worthless, nobody would be wanting to hoard it, we should remember that reading and writing skills were also reserved to a select population at one time -- the scribes. Then, only a century and a half ago, there was a legal prohibition against teaching some people to read and write and even today, 30% of American adults are illiterate.
        Why would that be tolerated? Because ignorant people are easier to control than people who know what's up and who's trying to trick them out of what.
        Although most humans are able to share and provide mutual support through trade and exchange, some are restricted to the predatory or parasitic mode. These latter survive by taking what they need to survive and more, as long as they can get away with it. Of course, when we call a halt to the thievery and put them away in prisons, the incompetents do end up being sustained for life. Perhaps it would be less trouble to look out for the incompetents from the get-go and save us the trouble of dealing with thievery after the fact.

        We organize governments to provide benefits and prevent abuse.

        by hannah on Thu Nov 22, 2012 at 08:23:21 AM PST

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        •  while I agree.. (0+ / 0-)

          with your statement that money is worthless; just a measuring tool and is only worth the value of the paper with marks on it, the thought "Well just send me all your worthless paper with marks on it then". is a hard thought to dismiss.  
          I'll be playing the Powerball lottery this weekend.

          •  money is a commodity (0+ / 0-)

            albeit of a special kind; & i think usually it bears some relationship to the value of the commodities it can be exchanged for, although it can lose that relationship, too. i don't think the mere existence of money as such is the problem, since as long as commodities will need to be exchanged in some form more complex than barter, we will need something like money.

            i'd say the existence of money doesn't explain its unequal concentration and distribution.

            Human reason is beautiful and invincible --Milosz, Incantation

            by juancito on Fri Nov 23, 2012 at 12:05:49 AM PST

            [ Parent ]

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