What is wealth?

What is wealth?

  1. 6 days ago
    Anonymous

    Having over 20k RLC

    • 6 days ago
      Anonymous

      Chainlink (ticker: LINK)

      Let's take these tokens for example. Is the wealth associated with these tokens measured in fiat, belief in the project, or use case? Something else? I know you are just shilling like a street shitter, but I want answers; and I don't believe the answer is just "money".

      • 6 days ago
        Anonymous

        Wealth is prosperity with a side of peace and security. The period of human history you are entering is going to be devoid of all of those things. If you're under 25 you will likely die in a ditch in some godforsaken shithole fighting for the ~~*globalists*~~.

        • 6 days ago
          Anonymous

          Anyone else?

          • 6 days ago
            Anonymous

            Nah he's close enough.

    • 6 days ago
      Anonymous

      Chainlink (ticker: LINK)

      Do tranny jannies own these shitcoins? When are they going to filter this pervasive spamming garbage?

  2. 6 days ago
    Anonymous

    Chainlink (ticker: LINK)

  3. 6 days ago
    Anonymous

    If intelligence is measured by your ability to be happy, doesn't that mean that majority of people are dumber than retards?
    Because at least retards are happy most of the time

    • 6 days ago
      Anonymous

      you have discover the bell curve anon, it is real that is why we must kill all normies

  4. 6 days ago
    Anonymous

    Something you'll never enjoy.

  5. 6 days ago
    Anonymous

    Wealth is being able to throw your poop at someone else and get away with it.

  6. 6 days ago
    Anonymous

    CZ don't hurt me

  7. 6 days ago
    Anonymous

    Invisible line that divides the haves and the have-nots

  8. 6 days ago
    Anonymous

    Having your house paid, your fridge full, your games/hobbies well stacked, your family well and yourself happy.

    • 6 days ago
      Anonymous

      All of these things but also if your 10 years younger wife likes to have sex with other girls with you

  9. 6 days ago
    Anonymous

    The ability to show swag on a budget with a sow pulling a rotisserie chicken in a buggy.

  10. 6 days ago
    Anonymous

    the total amount of labor value at your disposal
    example
    productive labor can be understood as a worker gving up a portion of their conscious time to take one object (an object in this case can be anything with a lower use value then the end product) and change it to a state of higher use value
    the difference between the value of the end product and starting product is called labor value and is what (in normal societies) determines the exchange rate of that object
    if we pegged one labor dollar to exactly one unit of labor value (use value of end P - use value of start P) then we can get the exchange rate for that object

    wealth in this case can be understood as the sum total amount of objects of high labor value in your possession.

    • 6 days ago
      Anonymous

      >what is use value?
      the ability that object has to influence its environment for any given application (this allows for use value to be somewhat subjective depending on the intended use but in the grand scheme of things still holds a definite objective value)
      example
      a plank of wood can really only be burned for fuel or used to build a house
      but if i take that plank of wood and some metal i can make a hammer out of that which is used for much more there for giving it a higher use vaule
      so i used MY labor to convert something of low use value to something of high use value
      the difference of these two states is the labor value of the process

    • 6 days ago
      Anonymous

      Are you saying that assets themselves are wealth?

      • 6 days ago
        Anonymous

        yes they can be exchanged for other things of value
        "money" is just a way we measure and exchange that "wealth" that's there because of someone's labor

        • 6 days ago
          Anonymous

          Does this mean that knowledge is also wealth? Knowledge + assets = wealth? Can we get a comprehensive formula going...

          • 6 days ago
            Anonymous

            does knowledge perform labor on its own?
            if i just have a stack of books in a basement but no one is there to use it or can use it, does it hold value?

            >can we get a formula for this?
            yes this isn't new, this is the crux for Marxism

            • 6 days ago
              Anonymous

              You can exchange knowledge for money, right? Like a consultant or teacher. A "wealth of knowledge". Does that mean knowledge itself is part of the wealth equation? You do have to perform labor to obtain knowledge, or at least trade your time for knowledge. Does value = wealth? If an eThot flashes her ass, that is value to the simps. But is it wealth?

              • 6 days ago
                Anonymous

                >knowledge for money, right?
                well yeah that's what intellectual property is, but that knowledge itself is infinitely reproducible,

                when you go to a university and pay for you tuition, you're not payinf for the knowledge, you're paying for the labor of the teachers to teach that knowledge to you

                so no that's why a price tag on a pdf of "knowledge" makes no sense

                >do have to perform labor to obtain knowledge
                yes thats what science is

                > If an eThot flashes her ass, that is value to the simps. But is it wealth?
                we should probably make a distinction between subjective value and objective value (all that labor and use value stuff i was talking about)

              • 6 days ago
                Anonymous

                >but that knowledge itself is infinitely reproducible
                It doesn't mean that knowledge is not scarce, you would pay gold just to know to make money without effort (for example). knowledge is not always available.

              • 6 days ago
                Anonymous

                *how to make money without effort

                value is a way of quantifying the usefulness of material characteristics
                they're absolutely fucking related

                Value is a way to determine how useful something is for someone, otgerwise economics wouldn't be a social science.

              • 6 days ago
                Anonymous

                economics is a basterdized form of statistical analysis used by assholes to hoard more wealth

                I could use your own theory against your case, as long flashing asses are socially necessary for simps thots are adding labor value.

                no because nothing was changed to a higher form of use value

                her ass is still a mediocre ass

              • 6 days ago
                Anonymous

                >no because nothing was changed to a higher form of use value
                According to what? To your own opinion?

                As long the simp thinks it is necessary labor and create demand for it there's always a whore ready to flash asses.
                Look like your theory is anything but useful to explain the economic reality surrounding us.
                >economics is a basterdized form of statistical analysis used by assholes to hoard more wealth
                thanks for nothing, commies can't calculate anyways

              • 6 days ago
                Anonymous

                >According to what? To your own opinion?
                there's no such thing as opinions
                there exists an objective truth, knowledge is just how close your understanding of the world is to that objective truth
                labor doesn't directly equal value its just a measure of how much effort was used in creating that thing

                how much that object changed is its use value "real value"

                >economics is a basterdized form of statistical analysis used by assholes to hoard more wealth
                thanks for nothing, commies can't calculate anyways

                meant to say how economics is applied today is a basterdization

              • 6 days ago
                Anonymous

                >meant to say how economics is applied today is a basterdization
                If i had a penny for every socialist getting mad at something just because it doesn't follow their logic i would be rich.
                >there's no such thing as opinions
                my disagreement is enough to prove you wrong then.
                >there exists an objective truth, knowledge is just how close your understanding of the world is to that objective truth
                Ok, it's basic empiricism.
                >labor doesn't directly equal value its just a measure of how much effort was used in creating that thing
                Irrelevant if we don't take into account how useful that labor is for us performing it. No need for to invent 10 types of values.

              • 6 days ago
                Anonymous

                the only reason knowledge would be scarce in our modern world is through artificial scarcity imposed by the copyright "owner" of the ip

                it doesn't need to exist and could just as easily be made publicly available without any changes to its end use value

                I am starting to get lost in the semantics. With everything you've said, can you sum up wealth in as few words as possible?

                wealth is your sum total amount of objects in your possession that have a high ability to change its environment
                ie money can be used to convince someone to do something for you (you changing your environment using your money )
                and anything in exchange for money has the same properties just one step removed

                this definition is incomplete but works for now

              • 6 days ago
                Anonymous

                adding onto that definition
                in a completely rational world only objects of high use value would be able to convince others to use their labor to do things

                but of course that doesn't always happen

              • 6 days ago
                Anonymous

                This sounds very similar to the bartering system. Could it be phrased as
                >Wealth = barter potential
                ?

              • 6 days ago
                Anonymous

                think of it not as how much you have tied to you personally, but rather think of the economy as some missive machine or system(sum total use value of a society) and your wealth is how much of that system you can use to your own means

              • 6 days ago
                Anonymous

                Alright thanks fren for your perspective.

              • 6 days ago
                Anonymous

                you're welcome fren
                use what ever you got out of it to further your own interests
                >commies
                communism is about control not about quantifying value

              • 6 days ago
                Anonymous

                >the only reason knowledge would be scarce in our modern world is through artificial scarcity imposed by the copyright "owner" of the ip
                utter nonsense, i could discover a mine full of gold and tell nobody just because information asymmetry is a thing.

              • 6 days ago
                Anonymous

                >eThot exaple
                sure the thot used her labor to "flash" for the simp
                but no object was being changed during her labor to now have a higher use value

                so her labor was unproductive and the simp lost some wealth in that interaction

              • 6 days ago
                Anonymous

                I am starting to get lost in the semantics. With everything you've said, can you sum up wealth in as few words as possible?

              • 6 days ago
                Anonymous

                I could use your own theory against your case, as long flashing asses are socially necessary for simps thots are adding labor value.

    • 6 days ago
      Anonymous

      >what is use value?
      the ability that object has to influence its environment for any given application (this allows for use value to be somewhat subjective depending on the intended use but in the grand scheme of things still holds a definite objective value)
      example
      a plank of wood can really only be burned for fuel or used to build a house
      but if i take that plank of wood and some metal i can make a hammer out of that which is used for much more there for giving it a higher use vaule
      so i used MY labor to convert something of low use value to something of high use value
      the difference of these two states is the labor value of the process

      Are you saying that assets themselves are wealth?

      yes they can be exchanged for other things of value
      "money" is just a way we measure and exchange that "wealth" that's there because of someone's labor

      Does this mean that knowledge is also wealth? Knowledge + assets = wealth? Can we get a comprehensive formula going...

      does knowledge perform labor on its own?
      if i just have a stack of books in a basement but no one is there to use it or can use it, does it hold value?

      >can we get a formula for this?
      yes this isn't new, this is the crux for Marxism

      by these definitions we can also define the "progress" of a society as the steady increase of that societies sum total use value

      if we can definitively quantify use value we can also quantify the progress of that society

      • 6 days ago
        Anonymous

        Nobody cares about your marxist bullshit about value being confused with material characteristics.

        • 6 days ago
          Anonymous

          value is a way of quantifying the usefulness of material characteristics
          they're absolutely fucking related

  11. 6 days ago
    Anonymous

    it's whatever you decide it is, unfortunately people are not creative enough

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