this post was submitted on 29 Mar 2025
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Money has no value by itself.
If all humans died today (thanos snap with 100%), the paper-money would still exist, but would you (your ghost, I mean) say that a 100 dollars still holds value in an earth devoid of humans?
I will argue for no. Without humans, money has no value.
Money is the value being priced on labor-hours that was stolen by someone.
When an ultra rich move their assets outside, they are moving the stolen hours.
But even if he didn't move those stolen hours outside, they would still be stolen hours.
Keeping the ultra-rich in our country is enabling the thief that keeps stealing us.
The true value is made by those who work the fields, academy, construction and all other sectors that keep society working.
The people living on a country and the sites/places/plot of lands can't be moved overseas.
The rich must choose between getting his money out of high taxes and keeping his access to a country's internal market if he decides to remove all of his investing (including machinery/real state investment) from a given country.