Comment on The Problem Of Apostasy

Wed, 25 Jul 2012 20:00:30 GMT

Rising prices without a corresponding rise in income isn't true inflation, it's just squeezing your people to get their juice. But it does somewhat emulate inflation.

Yes, it would probably be a bad idea to ban investment. Note however than investment requires effort. Yes, having money makes it much, much, easier to invest, and accumulate even more, but "be able to make money because you have money" is slightly different from "make money because you have money". Though if you pay someone to invest your money…

It occurred to me that our fiscal an monetary systems are horribly complicated, and full of loopholes. For instance, many accounting schemes can reduce your taxes just because you cared to apply them. That's crazy, because there's an incentive to make effort for something that is basically useless for the society as a whole. I'd like to see simpler, more robust systems.

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