Damus
StackSats ⚡️ · 156w
In capitalism wealth is distributed to the most productive, which is how it should be. This mechanism only works properly with sound money. Fiat money destroys this mechanism to the extent that wealth...
mike profile picture
For arguments sake:

Do you think that Tim Cook was 884 times more productive than an Apple employee on $100K ?

From the socialist viewpoint, inefficiencies and corruption agreed, you don’t think attempting to give everybody a basic standard of living is desirable?
2
StackSats ⚡️ · 156w
You are missing the point, as I said, fiat money ruins this mechanism. Your example is a fiat era example.
StackSats ⚡️ · 156w
In Germany we guarantee everyone a basic standard of living. We have many people who can actually work but don’t see any point in doing so, since they would would barely get any more money. Their choice: 1. Don’t work at all and get the basics paid by government 2. Work 40 hours a week and ha...