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submitted 6 days ago by [email protected] to c/[email protected]

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Originally Posted By u/FuturePowerful At 2025-03-27 10:18:54 AM | Source

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[–] [email protected] -3 points 5 days ago (1 children)

Lots of big words but nothing of value. Answer the question buddy, how will you tax people on money they don't have?

[–] [email protected] 1 points 5 days ago (1 children)

They will sell it.

That's why I say it's going to cause a drop in GDP, but that's only a problem if you hold tightly to the abstraction.

[–] [email protected] -2 points 5 days ago (1 children)

It won't be just a "drop in GDP". It will be investments falling apart, industries closing down, credit getting scarce, unemployment, misery, destitution and death.

Money is a very real driver of the world. It is also the realest manifestation of wealth. Only a fool would call it an abstraction.

[–] [email protected] 2 points 5 days ago

What else would it be but an abstraction? As I said, it's sometimes a useful one, but it's an abstraction. It's not dirt or concrete or computer chips or food.

Maybe we shouldn't build a whole society around an abstraction like that?