wildcat
New member
- Joined
- Jun 8, 2007
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- INTP
Let us look closer at this "objectivist" pamphletism.
The Randists claim that if you give money to the rich, the poor get money by the side.
This is mathematically impossible.
Liza and Tom are siblings. Liza has one dollar and Tommy has nine dollars.
A good Randist, is Liza. She gives her sole dollar to Tommy. Tommy has now ten dollars.
How many dollars Liza has? None.
Money is printed all the time.
That is because it is paper, and paper tends to become wasted and torn when it changes hands.
Only so much money is printed as is wasted and torn.
If you print more money than that, does the money retain its value?
It is inflated. The value of the original money stays the same.
They did print extra money in Germany in the 20s. We all know what happened.
Hitler happened.
If you give more money to the rich, there is less money for the poor.
Money does not increase when it changes hands.
Vice versa. If you give more money to the poor, there is less money for the rich.
This is why the rich vouch for Ayn Rand.
The Randists claim that if you give money to the rich, the poor get money by the side.
This is mathematically impossible.
Liza and Tom are siblings. Liza has one dollar and Tommy has nine dollars.
A good Randist, is Liza. She gives her sole dollar to Tommy. Tommy has now ten dollars.
How many dollars Liza has? None.
Money is printed all the time.
That is because it is paper, and paper tends to become wasted and torn when it changes hands.
Only so much money is printed as is wasted and torn.
If you print more money than that, does the money retain its value?
It is inflated. The value of the original money stays the same.
They did print extra money in Germany in the 20s. We all know what happened.
Hitler happened.
If you give more money to the rich, there is less money for the poor.
Money does not increase when it changes hands.
Vice versa. If you give more money to the poor, there is less money for the rich.
This is why the rich vouch for Ayn Rand.