Timeline for Is money we make completely taken away by taxes?
Current License: CC BY-SA 4.0
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| Feb 24, 2023 at 17:29 | comment | added | Athaeneus | 1) Why do you think ownership is a necessary condition for having storage of value? Do you really own the trinket you have stored in your pockets during some war time? Or do you just hold it? I would vote for the latter. 2) In my opinion the whole conception of ownership is kinda problematic... For ownership to really exist there has to be some authority that issues the ownership. Other than that, ownership is in reality impossible to achieve. You can only temporarily hold stuff, determined by your power to hold it. | |
| Feb 24, 2023 at 17:23 | comment | added | shadowtalker | The money is among other things a store of value. If you didn't functionally own your money as if it were any other physical private property, then it wouldn't be useful as a store of value, and we'd all revert to barter. Maybe we can think of the money being on a kind of indefinite loan to private citizens for the purpose of storing their value and conducting transactions, but it's functionally equivalent to ownership. The question is less about who is entitled to "own" the money in the first place. | |
| Feb 24, 2023 at 7:03 | history | answered | Athaeneus | CC BY-SA 4.0 |