How much buying power do you have for every dollar earned?

[TFOGGER]

The short version is that every dollar that passes through government hands loses a portion of its value, simply because the government doesn't produce anything (or very little, anyway). Any money the government spends is debased by their overhead. They're like a sports agent, that parasitically feeds off of the talents and labor of others.

[CS1983]

The short version is that every dollar that passes through government hands loses a portion of its value, simply because the government doesn't produce anything (or very little, anyway). Any money the government spends is debased by their overhead. They're like a sports agent, that parasitically feeds off of the talents and labor of others.

Exactly, which brings up the question as to how not paying taxes is actually immoral since the money most likely DOES NOT EXIST since it is, in fact, fictitious.

[cstone]

Not fictitious, it is abstract.

Money is worth what we agree it is worth. The agreed value is significantly greater than the actual value of the physical item. Paper money is made from cotton underwear scraps with a bit of plastic and tiny silk strips embedded. The paper, produced by the Crane Paper Company of Dalton, MA, then has ink images laid on the sheets utilizing intaglio plates. The ink is a very precise ration of dye and magnetic particles. The whole process is very interesting and designed to discourage counterfeiting and produce confidence in the users. Actual physical money is a very small percentage of the actual amount of money utilized around the world. Most of the money used today is digital and kept in mainframe computers around the world. Just a simpler way of keeping track of trades in goods and services.

But if you think your money is fictitious, I will be happy to take it off of your hands. I wouldn't want you to be burdened with the delusion.

[CS1983]

What is money?

[cstone]

In the U.S. it is Federal Reserve Notes. Legal tender, good for settling all debts public and private.

In God We Trust.

[Irving]

Along with Universal basic income, there is increasing talk about a social credit system to replace our current money system.

[MrPrena]

The dollar menu cheeseburger last year ain't a dollar anymore. It cost about 1.49.

[asystejs]

It does not sound like a money replacement

https://en.wikipedia.org/wiki/Social_Credit_System

[CS1983]

In the U.S. it is Federal Reserve Notes. Legal tender, good for settling all debts public and private.

In God We Trust.

Money is a proxy for a man's capacity for time and labor.

But if that proxy is effectively destroyed in the process of circulation (in an abstract manner), then it becomes, in fact, fictitious because it has been reduced to not only nothing, but actually something negative in value.

[TFOGGER]

In the U.S. it is Federal Reserve Notes. Legal tender, good for settling all debts public and private.

In God We Trust.

Basically, it's an agreed convention, based upon faith in the US government. Currency is in effect coupons representing that belief. Value by fiat.