That's why currency makes a trade economy actually work

some people would die if you give them an "apple"

depends how hard you throw it

currency is also far easier to transport.

My 400 dollars in dollars

is far easier to carry around than 400 dollars of apples

Fiat Currency, at that, is only valuable so long as people are willing to accept it.

well

It's entirely confidence based.

Gold should back all currency

In theory it does, it's just not a share of a stockpile of gold.

Tim recently made a video about a David Graeber tweet

I do think abandoning the Gold Standard was a bad idea.

he wrote a book about Debt, and how money came to be

worth reading

Having the dollar be worth a fixed portion of a vault of treasure

Anyway, to the point I was getting to

As far as 'super rich people' go

wasn't the gold standard abandoned because of the great depression?

no

it was abandoned because Tricky Dick said so

Being overly concerned about the rich is like being overly concerned about people who are too successful at farming apples.

<:thonk:432992056214945818>

You can ask yourself why does someone need a silo full of apples, sure...

I just ask why I should care about someone else's silo full of apples.

well nobody needs a silo full of apples, but that doesn't change that he did the work to make that silo full of apples

Basically, this.

Damn. I could really go for some freeze dried apples now. Fuck those things are good.

afaic, if you're in a community you should be expected to contribute
you're using their land and trees, picking the apples shouldn't allow you to hoard them away from others

Who says it's their trees and their land?

Rich people are not a concern if:
- They don't hoard wealth and let it sit in their account
- They don't use the funds to play God
- They don't try to eliminate competition in dirty ways

Hoarding Wealth isn't a problem.Using their funds to play god, as you put it, is only a problem with a complacent population....

what does the second point refer to?

And Yes, I am opposed to corporate protectionism.

Hoarding is a problem. If the funds do not participate in economy they screw up the value of the currency

If company A has been selling widgets for 20 years

and Company B starts selling widgets cheaper, Company A should have to compete with Company B.

if only govs would plug all loopholes allowing heavy tax optimizations (like the google does) they wouldn't have to specifically tax rich 😉

Or they can buy 51% of their stocks, and then just shut the competition down

Also disgusting.

But, of course, that's only a problem if the stocks trade publicly.