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Cake day: June 18th, 2025

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  • this at least has real links to tangible asset worth,

    Well, kind of. But the worth of those assets is largely due to perception, rather than real utility value. Like, real estate is stupidly expensive in many places, but it’s expensive because people believe that it’s expensive. When real estate bubble burst, you see the ‘worth’ of that real estate drop sharply. The utility value is having a place to sleep, but it’s often treated as an investment. So you would still see currency value fluctuations. Currency issue by gov’ts largely has worth because the gov’t says that it has worth; it’s not tied to anything. (BTW - tying currency to a tangible asset limits your ability to add currency when necessary. It will tend to lead to depreciation–the value of the currency rising–which is usually a bad thing.)

    The other problem is that corporations and banks go bust; if they were issuing currency, that would mean all your money would instantly be worthless.







  • When they gained voting rights none of them knew how to read well so the racist made a law saying you have to pass a reading test or some shit so they couldn’t vote.

    Not correct. Literacy tests weren’t testing actual reading ability and comprehension; they were explicitly intended to deny the right to vote. White people would be passed because they had grandparents that had been permitted to vote, and literally got grandfathered in. Non-white people would be given tests written in, for instance, latin. So even if they could read, the odds were very poor that they’d be able to read the language the test was in. Or they would be given tests that had very ambiguous questions, and any way they answered could be considered ‘wrong’.


  • Yes they should. But at the same time completely ignorant people should not.

    Jesus. You’re literally arguing for removing franchise from the majority of citizens. If they primarily reside in an area and will be affected by the policies, they should be able to vote on them, whether or not they’re ignorant.

    The problem is that you can very, very quickly arrive at the conclusion that if someone just had enough knowledge, they’d vote like me, and strip the vote from everyone that doesn’t agree with you. Except that people can, and do, have different beliefs, even with the same knowledge.