iamom | basic economics? (Reply)

With respect to our current economy, it appears that the system rewards those with excess resources at hand and penalizes those with too few resources at hand. Consider only the fact that you receive interest payments when you maintain a positive balance in your bank account and that you give interest payments when you maintain a negative balance in your bank account.

Consider the relationship between decreasing poverty and decreasing health care costs. What about decreasing poverty and decreasing incarceration rates? Or decreasing poverty and decreasing the incidence of diabetes or alcoholism? If there is an overabundance of resources that is not currently or in the near future going to be used constructively in society, wouldn't it make sense to discuss how those resources could be better allocated?

I'm not suggesting that we cut down more forests to reduce an overabundance of trees, though - I'm talking about cutting down bank accounts. Who here would like to have a job where you pruned overflowing bank accounts right back to their trunks?