Spend more or less? Sen. Bernie Sanders, when confronted with the financial reality of single-payer healthcare, simply said: âItâs the moral and humane thing to doâ. We all know that, on some basic level, money is purely symbolic. Paper bills are worth nothing independent of the value individuals ascribe to them. By any standard, the American left demands too much to possibly consider the subject of payment. Foolish little things to carry around with you... Thats why canada did away with pennies, we round up/down and use Plastic Bills you CANNOT tear, no matter how strong you are. Countries would not exist were it not for human interaction. Save my name, email, and website in this browser for the next time I comment. To the left, price and merit are secondary to utility, while resources and services are to be innately available in a state of nature. Money as a Social Contract ... these changes are only made to the protocol layer, not the social layer. Money is universal regardless of the inane social system that some dictator or group of leftists want to create. Meanwhile, the American left has said taxes will not be raised on most income brackets, while also welcoming an unceasing flow of immigration, and advocating a continuum of new federal expenditures with basically no restraint. And two, the European examples to which social democrats point for guidance indubitably subsist on global trade and other elements of capitalism. (I suspect the US dollar bill is currently the least valuable banknote in widespread circulation in a first-world country - typically, the lowest-value banknote in a first-world country nowadays is worth somewhere in the range $3-$10.). Money also would not exist without human interaction. If w… There is no victory without sacrifice, and we are doing our part in this struggle, 0x6FbaaBe48c97aa61288 7Ba6B76311ac0Cc3491Fe, qqj6ty0j6n33lqgcsxkceaj 6yggeevvhyucyspxgak,                              What makes currency valuable is the common acceptance of the idea that it represents value; that is, the common acceptance of the idea that it’s money. Your email address will not be published. It is easier to see how countries could be social constructs than it is to see how money is a social construct. A social construct is not a fiction, but a way of creating meaning and shaping the social world that also itself emerges from the social world. This lamentable natural quality applies similarly to the issue of endless federal spending. Here in Canada we got rid of the penny, through an act of Parliament last year. The excess cost of producing pennies and nickels means a budget deficit for the Treasury.              1/20/2019. At the very least, the European left admits to extortionately taxing all of its citizens. Even if climate change was something over which people were righteously hysterical, the convenience of all the goods and services that are powered by fossil fuels would enable climate change to devastate the globe with insufficient collective resistance. It only works because everyone collectively agrees to participate in the fantasy that a dollar bill is worth a dollar, whatever that is. Tapper pointed out to then-candidate Ocasio-Cortez that her plans could cost at least $40 trillion over the next 10 years. Jake Tapper from CNN interviewed AOC, the young new face of the Democratic Party, in the months and weeks leading to the 2018 midterms. In 2013, producing the coins cost the government $105 million dollars above and beyond the coins’ value. Unfortunately, social democrats like Bernie Sanders and media darling Alexandria Ocasio-Cortez, also live in a world where the monetary means to accomplish their redistributive goals are an imaginary obstacle. Please do not give them this opportunity. The United States has comparatively low taxes, but over $200 trillion in unfunded liabilities, as well as the $22 trillion national debt. Interestingly, moves to eliminate pennies have been successfully opposed by the zinc industry for years, illustrating another sociological phenomenon: the power of corporations to shape government decisions. The answer is clear. Without that agreement, there could be no countries. The dollar is only worth as much as value as Americans are willing to ascribe to it. There are just two tiny problems with this general worldview. Every year, we pay interest on our national debt which will soon surpass our total military spending. We are constantly and collectively under attack from the Postmodern Left; they wish to destroy all forms of meritocratic competition, and completely eliminate all dissidents from public discourse. […] because gender is a social construct doesn’t make it any less real.Money is a social construct too and people kill and die for it all the time. Spending the incomes of unborn generations via debt, and willfully ignoring possible future ramifications is an unparalleled immorality. Money (the social construct) is represented by currency (physical objects). However, the left does not care one iota about the state of our debt crisis, nor do they seriously put any thought into funding their political fantasies. When social security was first implemented, it was funded by an excess of one-hundred and twenty contributors for every single social security beneficiary. Should I say “money doesn’t exist” because it […], […] constructs which keep the societal model which makes them rich afloat. Money is an economic construct. Es ist gut, dass mir https://online-roulett.at/bitcoin-casino/ die Möglichkeit gegeben hat, es zu realisieren. The essence of currency is fictive. To them, money is a social construct; an arbitrary manifestation of capitalism. Note that the dollar only works in its own currency market; it holds no value in areas that don’t use the dollar. There are just two tiny problems with this general worldview. Money is the idea of a yardstick for measuring economic value, allowing the value of unlike goods to be compared and those goods to be easily exchanged. The questions of debt, money, and excessive social welfare become the left-wing moral imperatives of state-mandated compassion, economic equality, and the obsolescence of money. One congenital flaw of the human condition is a severe inability to assess an abstract situation that prodigiously threatens society. We all know that, on some basic level, money is purely symbolic. Some examples of social constructs are countries and money. Apart from tax increases on the wealthiest Americans that would have extracted a maximum of $2 trillion, AOC was unable to account for the remaining $38 trillion; and it didnât matter. According to the Organization for Economic Cooperation and Development (OECD), Germany levies a progressive income and capital tax that caps out at 45%, but still place a 25% withholding tax on interest and dividends and a 15% withholding tax on royalties. In most of Europe, typical income tax rates may range from roughly thirty to fifty percent depending on oneâs level of income. Lisa Wade, PhD on April 24, 2014. You also have to take into account the lifespan of coins and banknotes, so they have to be produced not only to increase the supply of cash, but also to replace existing cash. 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