On Apr 17, 9:34=A0am, ZerkonX <Z...@[EMAIL PROTECTED]
> wrote:
> On Wed, 16 Apr 2008 11:59:45 -0700, Jerry Kraus wrote:
> > There are two possible solutions, although they really must be
combined,=
> > I expect:
>
> > 1. Redistribution of wealth
> > 2. New Technologies.
>
> How to do #1 without the same conditions happening again sooner or
latter?=
> Also, this would entail force, I suspect. Not good either for the long
> term.
The only legal way to redistribute wealth is through taxation. Any
other method violates property rights and is theft. Hmm... makes you
wonder about the morality of using the tax code as a lever against
property rights. We need fairness in the tax code.
>
> Instead of wealth redistribution a common value standard for money needs
> to be found. Gold was in the past but is there a better one? Is there
> another tangible? Would just a fixed figure work? Could a unit of human
> labor be used? Or, since 'bread' is a historic human universal, can an
> absolute value be taken from the difference between free grains of
wheat,
> or rice for that matter, and a grown bushel?
Yes, it is called money. Any material used as a standard would be
subject to the same laws of supply and demand that gold is today. Gold
is hoarded in order to manipulate its value. What makes you think that
any standard would be better?
-solon fox
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