In my previous post, I explained a few things about my views surrounding money.. now I’m going to do a stream-of-consciousness on people with a high (>$10 million) net worth.<\/p>\n
Please note this is based on my current understanding of the reality model I’m experiencing, which may be flawed.<\/p>\n
We have a fixed amount of capitol in the system. We add too it sometimes, but not very much nor very fast, because whenever we add a lot, a bunch of people not in possession of all the facts think it means the capitol is worth less, instead of realizing that it’s because we’re actually generating wealth out of thin air all the time – new ideas, new intellectual property, new ways of getting things done – and new children who will grow up to create and build more wealth. Because we’re becoming more wealthy in real-world things, we need to print more money to match, or things are gonna break.<\/p>\n
Because we have a fixed amount of capitol, it’s important to *keep it moving*. If it stops in one computer register (i.e. some billionare’s bank account or a stock in the market), it’s no longer a available resource in the system for facilitating getting things done. People can’t pay wages with money they don’t have. In addition, the value of money sitting in a bank account beyond a person’s conceivable personal needs is *negative*, because the reduced amount of money floating around ‘live’, migrating, making transactions happen will result in less of those transactions occuring and those transactions often generate value. (Think of the inventor who doesn’t have enough money for a lab vs. the one who does). Holding onto money beyond your personal needs *reduces it’s value* by a real-world, food-and-drink-and-housing-and-entertainment definition of value.<\/p>\n","protected":false},"excerpt":{"rendered":"
In my previous post, I explained a few things about my views surrounding money.. now I’m going to do a stream-of-consciousness on people with a high (>$10 million) net worth. Please note this is based on my current understanding of the reality model I’m experiencing, which may be flawed. We have a fixed amount of […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"http:\/\/www.sheer.us\/weblogs\/wp-json\/wp\/v2\/posts\/2318"}],"collection":[{"href":"http:\/\/www.sheer.us\/weblogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.sheer.us\/weblogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.sheer.us\/weblogs\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sheer.us\/weblogs\/wp-json\/wp\/v2\/comments?post=2318"}],"version-history":[{"count":6,"href":"http:\/\/www.sheer.us\/weblogs\/wp-json\/wp\/v2\/posts\/2318\/revisions"}],"predecessor-version":[{"id":3201,"href":"http:\/\/www.sheer.us\/weblogs\/wp-json\/wp\/v2\/posts\/2318\/revisions\/3201"}],"wp:attachment":[{"href":"http:\/\/www.sheer.us\/weblogs\/wp-json\/wp\/v2\/media?parent=2318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sheer.us\/weblogs\/wp-json\/wp\/v2\/categories?post=2318"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sheer.us\/weblogs\/wp-json\/wp\/v2\/tags?post=2318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}