What is money worth?

Discussion in 'Business & Economics' started by Beaconator, Dec 23, 2022.

  1. billvon Valued Senior Member

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    You just said that telling someone their life is worth a specific amount would help maintain that amount of money. So what is that amount? Two cents? Ten billion dollars? I mean, without a number the statement is pretty meaningless.
     
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  3. Beaconator Valued Senior Member

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    Half a house… you gotta earn the rest. Or get married: worldwide.
     
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  5. billvon Valued Senior Member

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    OK now we are making progress. So a life is worth half a house. What is that value? Do you use an average house in Hong Kong? In Little Rock?
     
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  7. Beaconator Valued Senior Member

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    Well worldwide average. So worst case scenario you own half a house and starve to death because you refused to work and leveraged your equity into shiny things
     
  8. Sarkus Hippomonstrosesquippedalo phobe Valued Senior Member

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    Do you honestly think this? Do you have anything to support the notion?
    And this is a good thing, is it?

    First, governments target who they give handouts to, usually to those most in need.
    Second, they do so at a level that intends to help them manage day to day while also encouraging them to work, as work is what makes the economy turn.
    A person in need will, at least in the UK, receive far more assistance than the price of half a house. The maximum one can receive on Universal Credit, for example, is c.£13-14k, so over just ten years you're ahead of the price of half a house. But those who do not need do not get anything. And this seems reasonable.

    Also, are you suggesting that a government, once giving someone the value of half a house, washes their hands of them with regard further financial assistance? That the government would let them starve if they had invested that money in a house... or, heaven forbid, in stocks and shares and see their money wiped out in a crash?? And you would support such a government?

    Your thinking on this matter seems ill-thought out, I'm afraid.
     

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