This is a false belief, that is increasingly common. Even if you're paying people to take care of you in old age, you are in fact contributing nothing while they are contributing everything. You will be only a burden, because the money is fake and in physical reality not worth anything. It is only in imagined reality that the money is worth anything, because it is something people agree to work for. Future workers will not be so dumb as to waste their life caring for somebody they are not related to, that are not a friend in any way, for no other benefit than fake "money". When the majority of elderly are childless, the cost of elder care and all other labour will increase faster than your bank account can ever keep up. It was different before atomisation of people, there was an exchange in the idea of "society" and "money". Now those concepts are only used to leech, abuse and destroy young working people, so why would they keep playing that foolish game?
Previous generations built the cities, farms, railroads and universities that we all use today. Just because somebody is no longer working does not mean that you are not still benefiting from work they did.
That's a false myth, used to guilt young workers to more easily leech from them. The food you eat today was not farmed by the people who are old now. Your consumer products were made in China, not by the elderly. The infrastructure you use has been repaved and remade several times during the decades that have passed since old people worked.
Except for a few relics, nothing remains today of what the elderly made. The exception being real estate, and that's why the elderly demand to each become a millionaire to let go of any of their real estate.
It's not like today's elderly worked to build something for future generations. They worked to benefit themselves at the moment.
In general when somebody comes to you selling guilt and murky reasons to why you are indebted to them, that's an enemy and a scammer, seeking to leech from honest people. Whether that's an employer, a generation of elderly, the government, a guild or whoever.
That's not giving away your money. That's just saying you will.
You need to either give it to someone all in cash, or transfer all the money in whatever bank accounts you have into someone else's account. Until then, you are a hypocrite.
That's how all money is created. Now it's up to you if you value that note I've issued, or if you value another note that the elderly issued before you were born. All money is created out of thin air in the form of debt notes. All money is debt notes. It can be used as a tool to grease the gears of a common economy, or it can be used as a tool by those in power to enslave others. Like a skilled worker with a good education having to work for 30 or 50 years at extremely high productivity to afford shelter, while an elderly person of today can become a millionaire without lifting a finger because of some real estate he inherited in the 80s – thanks to the monetary system pumping out newly inflated currency chiefly through real estate debt.
Yeah I know. Cash is just paper, that happens to have an agreed upon value by the majority of the population. And the money in a bank account is just a number in a database that happens to have an agreed upon value by the majority of the population.
Your hackernews comment just happens to be some text in a database that has a value which is NOT agreed upon by the majority of the population.
So my point was, since you don't seem to also agree that your money is valuable, please give all your cash to someone who does. And please transfer all the money in your bank accounts to someone else's bank account that does value those numbers.
> Cash is just paper, that happens to have an agreed upon value by the majority of the population.
There really is no such agreement, it is a belief system. And you know that "the majority of the population" has had no say in monetary policy, nor do they understand it. There is no democracy involved and has never been. Billions of dollars, euros and etc are conjured out of thin air and into the hands of the chosen ones as we speak.
Before cash started to rule everything around us, people would carry letters from kings, princes or other nobles, that would instruct subjects to provide the bearer with horses, lodging and hospitality. For example if they were travelling. Or if they were to lead a project. People had to work by decree, people received their benefits and etc by decree.
Just as the rulers today create an endless amount of money out of thin air, monarchs of the past would create noble titles out of thin air. With rights to estates and the servitude of the people who were born there and etc. People defending that oppressive and invented aristocracy system would say "it is the will and decree of God", just like you're now saying that today's oppressive and invented monetary system "is the will of the majority". Because most will always defend the status quo, no matter what.
If the money value is the will of the people, then when did the majority decide they wanted to have high inflation and even hyper inflation? I don't remember any such vote in any country, do you?
> There really is no such agreement, it is a belief system.
If everyone believes it, do they not agree on the same thing?
> And you know that "the majority of the population" has had no say in monetary policy, nor do they understand it.....
I never said they did. It doesn't change the fact that most people still value $1 the same amount.
> If the money value is the will of the people
I never said it was their will, I said they mutually agree to it's value.
> then when did the majority decide they wanted to have high inflation and even hyper inflation?
They didn't. The value of money (or anything) may go up and down over time, for any reason. But in a single moment most people will agree to the value of $1.
But anyway, back to my only point, since you think money is worthless, why don't you give all your money away? Why are you keeping it?
So until you give all your cash away, and transfer all the money in your bank accounts to someone else's bank account, you will remain a hypocrite.
If that's what you're stuck on, I'll gladly let you stay mentally stuck there.
> So until you give all your cash away, and transfer all the money in your bank accounts to someone else's bank account, you will remain a hypocrite.
Except for short-term liquidity you can be damn sure that I don't keep any fiat money in my possession, and neither should anybody else. That's why the stock market keeps going up, everybody wants to get rid off inflation currency as quick as they can.
I guess my incredible hypocrisy is much worse than the geriatric rulers completely destroying the wealth of their nations in less than a generation by enslaving young workers with their fake monetary system.
