Those are the terms I am thinking in ... capital is real sound money wealth.
Money and capital are two different things. The only time gold is capital is if it is being used as such, for instance, it is being used for its electrical properties in a machine.
No, it does not leave society with only 2 trillion on which to survive. It leaves productive people with only 2 trillion, but the state redistributes the other 3 trillion among themselves and their pet projects, so the wealth remains at 5 trillion.
The vast majority of what the state produces is not wealth. It does not increase well-being. Thus it is not wealth. The tiny amount that
is, is counterweighed 100 times over by the production of things which positively decrease well-being.
I disagree with this too. If capital is defined as valuable goods and services, then America still has plenty of that.
That is not exactly what capital is defined as, no. Capital is the structure built up that is used in, ultimately, producing consumer goods which are something different. Capital and consumer goods are two separate categories of wealth.
You start with a hammer, which makes it easier to break open the coconut. You end up with the dust-proof factory making the chips that go in the robot that makes the robot that makes the robot that automatically opens the coconut, presses the oil, and packages it up.
Capital wears out and breaks down, so unless you're saving and investing as a society, your capital supply is going to dwindle. For a country with a huge capital structure like America, it requires a lot of saving to maintain it at that level, much less expand it. Remind me: what's the savings rate in America?
Right. The same holds true if the state siphons off all 5 trillion. In that case, the state would pick all the winners and losers. Again, the difference is who controls it.
The difference is that in one case the resource (5 trillion dollars) is destroyed, creating no wealth, and if this practice is kept up for long enough and with 100% of all resources, everyone just dies, since humans require wealth to survive.
then the state would be very small and be controlled by the people. But it would still exist.
A state is, by definition, not under control by anyone. Certainly not "the people." Ha! The group of people we call a state are not subject to anyone else's control. They have claimed and in large part attained a monopoly on final decision making. That is what makes them a state.
In theory, yes. But who among us will control our spending if we didn't have to? No one. So in fact, fiat money and inflation are always two peas in a pod.
Oh absolutely.
I focus on honest sound money, 100% redeemable
I prefer to go one step further as much as practical and make money not "redeemable" for the thing of value at all, but simply and directly the thing itself. A gold coin and silver coin money system is excellent for that. Forget redeemable, it's already redeemed. It was never un-deemed! It's always been there, right in your little hot hand. This removes all possibility for fraud and embezzlement. If there's a 3rd party storing the value, there's always that risk (though it can be minimized on a free market by good governance practices and ruthless competition).
because it removes control of the money supply from the state and puts it in the hands of productive individuals. Productive individuals become wealthy, if they want, and the state becomes poor.
It is nice to see thieves poor. I, however, prefer even more to put an end to their thievery. That is important to me.
This is why a proper definition of the state is so important in discussions. The state as defined in Article IV of the U.S. Constitution is a state that I will fight to keep until someone comes up with a more efficient method of holding land ownership deeds.
There's at least a half a dozen people who have done so. Did you really read
For a New Liberty in its entirety?
I also like the roads being public property in order to maintain the integrity of trespassing laws.
What do you mean by "public property"? Do you mean state property? Because if so, it's hard for me to understand why giving thieves such absolute control over people's trade, commerce, travel, and even daily movements could possibly be a good idea.
But that is just me. I understand that a lot of people want to privatize everything, so I digress.
Since the subject of the thread is the extent to which systemic thievery impoverishes us, it is hardly a digression. Some of us just believe thievery is an undesirable behavior. Religiously wrong, morally outrageous, ethically abhorrent, economically inefficient, historically destructive -- there are many different reasons for people to be opposed to thievery, but what we all have in common is that we want thievery to end. Join us, will you? The alternative is to be forever an apologist for thieves (and also, by the way, for control freaks, rapers, psychopaths, and mass murderers). Give it up, they're no good, they don't deserve your defense.
The state can be small, and it would be small under sound money principles because people would resist handing over silver or gold to pay taxes.
People do not resist being robbed as much as you imply, largely because they, like you, believe it to be for their own good They in fact are out-and-out defenders of their own victimization, and will usually become first confused, then frazzled, then blazingly furious if you attempt to explain to them that theft should end. Until their attitude changes, it seems unlikely that their situation will change.
For example, if a truck driver hauls debris from a construction site and the owner of the site hands him some silver dollars for his work, do you think the driver should accurately report that to the IRS? I'd take it home and put it in my safe and never tell anyone that I worked that day.
If you see something, say something. Social pressure can be a tremendous force. People will tattle on one another. When a system they love and adore is being undermined, when someone is "cheating," well, Americans hate cheaters. These believers in theft -- believers like you, Travlyr --
will report the outrage to their beloved theft-collectors. You would too, Travlyr. After all, your deadbeat neighbor isn't paying his share for your beloved public road, a legitimate and unquestionable object for theft.
Reporting requirements are all due to the fiat money system.
No they are not. Reporting requirements would be just as viable with silver coins as with nickel coins, or with paper notes. All of these are untraced and anonymous. But do retail stores still collect sales tax on cash purchases? Yes, indeed they do. The problem is that crooks are stealing. And the problem is that the people they are robbing
want to be robbed, and believe they
should be robbed, and in fact believe they
must be robbed, else various dire and disastrous consequences will ensue.
It's quite sad, really.