Hacker News new | past | comments | ask | show | jobs | submit login

Advocating and lobbying for system change such as abolishing reserve banking and other such monetary manipulations.

It's dystopian that some people have millions of dollars of passive income; easy money falling on their lap each year, mostly coming straight out of a money printer, then they give back a fraction of that to a fraction of the people who were victimized by that same system.

The system systematically steals a little bit of money from maybe a few million victims via inflation, taxes and loss of opportunities, the system then essentially gives some of that money to 1 person (e.g. gov contracts, cheap loans, etc... which props up their stocks, without them even being aware), then the person donates a portion of that money to maybe 10 to 100 hand-picked victims. Net result; it just serves to concentrate wealth from a majority of victims to a minority of victims and makes things even harder for the majority of people who aren't recipient of any donations or investments.

It creates a system where nobody can succeed without receiving help. Either the government helps you with their money printer, or some rich person (who is themselves helped by the government or banking system) helps you. It becomes increasingly difficult to succeed without help when everyone else is getting help.

Imagine playing a game of monopoly when half of the players are getting 10x the money than the other half every time they pass go. What happens to the people who are receiving less money? They're essentially guaranteed to lose the game. A miserable experience because it FEELS hopeless and it literally IS hopeless... Yet they're being gaslit that everyone else is on the same playing field. It's not, just look at how the system is designed, new money is being created constantly, clearly it's not being distributed evenly.

The system would be much better if rich people just retired and spent their time and unlimited printed money on their yachts and mansions instead of distorting the markets and monopolizing opportunities by funding all sorts of startups which only steal opportunities from more worthy competitors (who don't have priority access to a money printer).




How about UBI? give everyone enough help to live and everything else you do is a bonus


Making the perfect the enemy of the good?


How are they good? They literally helped my competitors to out-compete me using free money from a money printer. I had to work hard for my money to buy stuff from the same markets; whose prices they drove up using free money.

If you factor out ignorance, it's as evil as it gets.

And yes, if you're living paycheck-to-paycheck, you are competing in the market against homeless people for limited goods. That's the modern reality. Most people are precariously close to being homeless.

If the rich started donating a lot of money to all the homeless people, I'd probably become homeless myself because rents for low-cost accommodation would go up because of all the free money flooding that market...

Then surprise, surprise, when it'd be my turn to get my free money, rich people wouldn't have any money left to spare for me because the problem would have become too large by then due to perverse incentives they would have created.

The whole system is in a controlled demolition; concentrating more and more and creating increasingly perverse incentives. Why bother creating value, when there is an easier way to get money by convincing rich people to 'select' you?


Wow, I just meant that “collapse the fed” is too big an ask for most people.




Consider applying for YC's Spring batch! Applications are open till Feb 11.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: