The Love of Money

[Moon68]

Ayn Rand seems to be a idiot. It's the love of money that is the root of all evil. And seems to be about the only thing the bible was correct on. The root of money is the government. The same government that told people to take part of your brisket. Since there is only so much brisket in circulation. And 20% hold 80% of the brisket and bitch because, the 80% want more than the 20% of the brisket.

The truth is. Everyone can not have plenty of money. Otherwise no one will be desperate enough to work for not enough to get by on, so someone else can live high on the hog. When you don't mind others struggling and or suffering, because you want to have lots of money. I would consider that, the love of money. And the bible considers that the root of all evil.
 

Another economics failure, so sad.

Literally everything you posted is wrong.

[SurferSoul]

Oh, I see your position is about the hypocritical enviousness of the "Soak the Rich" crowd comrade.

Allow me to restate, wealth is not some finite pie that requires one to take from another in order to have more.

The extremely wealthy invest heavily.

A byproduct of investment is profit.

Money makes money.

You should watch a class, or preferably read, an economics book. There's valuable knowledge there for your benefit.

Haha touché, the thing is though I understand our system of economics quite well and its primary dictate constant growth and expansion. The trouble with that is we are stuck on the earth with finite resources and space to expand into. Until we manage to get off planet and independent of it then we are stuck with limited resources. Therefore economic theory needs to address that and look at sustainable models instead. 

Running my own business I also know a thing or two about profit, capital and yes, you need at least some money to make money. But simply investing comes with risks too and you could lose it all. While money is essential to get buy in life, having more than you need (except savings/capital) is unnecessary but can also be a burden with its own extra worries and cares.

Where as being my own boss I only need to earn enough to get by on and provide for dependents, therefore I can take time off and enjoy life rather working all the time, for what end? The latest flash car? A big house? Or a nice pension pot that I might not even see and even if I did I would be an old fart and not able to enjoy the things I like the same as I can now. 

Besides the real issue is what people are willing to do for the love of money, it’s one thing robbing a store to feed your family and a sad situation to end up in that predicament, but quite another to commit serious fraud or an endless list of crimes that harm others because you feel entitled to more, the mafia and gangsters sole motive is getting rich and other people’s misery is just nature of their business. 

The fact is wealth doesn’t bring happiness or contentment, those come from within not without. So the pursuit of riches for the sake of riches alone is fruitless endeavour.

[SurferSoul]

Another economics failure, so sad.

Literally everything you posted is wrong.

What’s wrong with the statement that everyone can’t be rich? If the government creates more money aka quantitative easing, guess what happens, everything goes up in value, even though more apparent wealth (money) is in circulation. The market adjust to the fictional money pulled out of thin air.
Anything of value is only so because of scarcity, if it’s abundant the value drops rapidly, supply and demand. If nobody wants something it has no value either. So if everyone was wealthy their spending power would diminish because items in demand would go up accordingly.

Look at it like this it’s not really the love of money alone that people have, but the love of what it can get them, especially considering what others will do for it. People with this attitude are often in debt with useless depreciating assets they got simply to impress others with. While people who don’t have a love for the glamour money represents, instead save, have spare at the end of the month because they live within their means. They have sound fiscal policy which will benefit them long term. 

If only our various governments understand sound fiscal policy.

[Moon68]

What’s wrong with the statement that everyone can’t be rich? If the government creates more money aka quantitative easing, guess what happens, everything goes up in value, even though more apparent wealth (money) is in circulation. The market adjust to the fictional money pulled out of thin air.
Anything of value is only so because of scarcity, if it’s abundant the value drops rapidly, supply and demand. If nobody wants something it has no value either. So if everyone was wealthy their spending power would diminish because items in demand would go up accordingly.

Look at it like this it’s not really the love of money alone that people have, but the love of what it can get them, especially considering what others will do for it. People with this attitude are often in debt with useless depreciating assets they got simply to impress others with. While people who don’t have a love for the glamour money represents, instead save, have spare at the end of the month because they live within their means. They have sound fiscal policy which will benefit them long term. 

If only our various governments understand sound fiscal policy.

That poster argued:
 

The truth is. Everyone can not have plenty of money. Otherwise no one will be desperate enough to work for not enough to get by on, so someone else can live high on the hog. When you don't mind others struggling and or suffering, because you want to have lots of money.

Using the 80-20 pie fallacy (just using brisket instead):
 

Since there is only so much brisket in circulation. And 20% hold 80% of the brisket and bitch because, the 80% want more than the 20% of the brisket.
 

This is just using the politics of envy to rail against those that have taken the time and risk to develop wealth. Covetousness, whether done by rich or poor, is equally sinful.

That said, I'm a classic free market type along the lines of Friedrich Hayek, Thomas Sowell, Walter Williams and Milton Friedman. QE is an abomination that shouldn't exist. A model should fail or succeed on it's own merit.

I've never understood, from an early age, the concept of spending money you don't have for stuff you don't need to impress people to don't even really like. For me, building wealth is about security: for my twilight years, my partners piece of mind and for my offspring to ease their struggle starting life.

I don't really think we're too far apart SS. I just loathe the "EAT THE RICH" crowd and all they stand for. There's too much economic ignorance being paraded around for the sake of "equity".

[Unknownparadox]

Another economics failure, so sad.

Literally everything you posted is wrong.

Only in a delusional world.

The 80/20 rule applies and is fact, in every government and country in the world.

While banks and the government can create money. You don't want them doing that, since that decreases the value of all that brisket you have horded up. So there is still only so much money in circulation, which the population is forced to compete for. And some rich bastards like tech companies, farm companies, oil companies, banks, car makers and so on. Get government welfare, to help them out.

Oh and it is the love of money is the root of all evil, Not money is the root of all evil.

New International Version
For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs.

New Living Translation
For the love of money is the root of all kinds of evil. And some people, craving money, have wandered from the true faith and pierced themselves with many sorrows.

English Standard Version
For the love of money is a root of all kinds of evils. It is through this craving that some have wandered away from the faith and pierced themselves with many pangs.

Berean Standard Bible
For the love of money is the root of all kinds of evil. By craving it, some have wandered away from the faith and pierced themselves with many sorrows.

Berean Literal Bible
For the love of money is a root of all kinds of evils, which some, stretching after, have been seduced away from the faith and have pierced themselves with many sorrows.

King James Bible
For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.

New King James Version
For the love of money is a root of all kinds of evil, for which some have strayed from the faith in their greediness, and pierced themselves through with many sorrows.

New American Standard Bible
For the love of money is a root of all sorts of evil, and some by longing for it have wandered away from the faith and pierced themselves with many griefs.

NASB 1995
For the love of money is a root of all sorts of evil, and some by longing for it have wandered away from the faith and pierced themselves with many griefs.

NASB 1977
For the love of money is a root of all sorts of evil, and some by longing for it have wandered away from the faith, and pierced themselves with many a pang.

Legacy Standard Bible
For the love of money is a root of all sorts of evils, and some by aspiring to it have wandered away from the faith and pierced themselves with many griefs.

Amplified Bible
For the love of money [that is, the greedy desire for it and the willingness to gain it unethically] is a root of all sorts of evil, and some by longing for it have wandered away from the faith and pierced themselves [through and through] with many sorrows.

Christian Standard Bible
For the love of money is a root of all kinds of evil, and by craving it, some have wandered away from the faith and pierced themselves with many griefs.

Holman Christian Standard Bible
For the love of money is a root of all kinds of evil, and by craving it, some have wandered away from the faith and pierced themselves with many pains.

American Standard Version
For the love of money is a root of all kinds of evil: which some reaching after have been led astray from the faith, and have pierced themselves through with many sorrows.

Contemporary English Version
The love of money causes all kinds of trouble. Some people want money so much they have given up their faith and caused themselves a lot of pain.

English Revised Version
For the love of money is a root of all kinds of evil: which some reaching after have been led astray from the faith, and have pierced themselves through with many sorrows.

GOD'S WORD® Translation
Certainly, the love of money is the root of all kinds of evil. Some people who have set their hearts on getting rich have wandered away from the Christian faith and have caused themselves a lot of grief.

Good News Translation
For the love of money is a source of all kinds of evil. Some have been so eager to have it that they have wandered away from the faith and have broken their hearts with many sorrows.

International Standard Version
For the love of money is a root of all kinds of evil. Some people, in their eagerness to get rich, have wandered away from the faith and caused themselves a lot of pain.

NET Bible
For the love of money is the root of all evils. Some people in reaching for it have strayed from the faith and stabbed themselves with many pains.

New Heart English Bible
For the love of money is a root of all kinds of evil. Some have been led astray from the faith in their greed, and have pierced themselves through with many sorrows.

Webster's Bible Translation
For the love of money is the root of all evil: which while some have coveted, they have erred from the faith, and pierced themselves through with many sorrows.

Weymouth New Testament
For from love of money all sorts of evils arise; and some have so hankered after money as to be led astray from the faith and be pierced through with countless sorrows.
Majority Text TranslationsMajority Standard Bible
For the love of money is the root of all kinds of evil. By craving it, some have wandered away from the faith and pierced themselves with many sorrows.

World English Bible
For the love of money is a root of all kinds of evil. Some have been led astray from the faith in their greed, and have pierced themselves through with many sorrows.Literal TranslationsLiteral Standard Version
for the love of money is a root of all the evils, which certain [ones] longing for went astray from the faith, and pierced themselves through with many sorrows;

Berean Literal Bible
For the love of money is a root of all kinds of evils, which some, stretching after, have been seduced away from the faith and have pierced themselves with many sorrows.

Young's Literal Translation
for a root of all the evils is the love of money, which certain longing for did go astray from the faith, and themselves did pierce through with many sorrows;

Smith's Literal Translation
For the root of all evils is the love of money: which some striving for, have been led astray from the faith, and pierced themselves through with many pains.
Catholic TranslationsDouay-Rheims Bible
For the desire of money is the root of all evils; which some coveting have erred from the faith, and have entangled themselves in many sorrows.

Catholic Public Domain Version
For desire is the root of all evils. Some persons, hungering in this way, have strayed from the faith and have entangled themselves in many sorrows.

New American Bible
For the love of money is the root of all evils, and some people in their desire for it have strayed from the faith and have pierced themselves with many pains.

New Revised Standard Version
For the love of money is a root of all kinds of evil, and in their eagerness to be rich some have wandered away from the faith and pierced themselves with many pains.Translations from AramaicLamsa Bible
For the love of money is the root of all evil: and there are some men who have coveted it and have thereby erred from the faith, they have brought to themselves many sorrows.

Aramaic Bible in Plain English
But the root of all these evils is the love of money, and there are some who have desired it and have erred from the faith and have brought themselves many miseries.NT TranslationsAnderson New Testament
For the love of money is the root of all evil; through the desire of which, some have erred from the faith, and pierced themselves through with many sorrows.

Godbey New Testament
For the love of money is a root of all evils: which some seeking after have wandered from the faith, and pierced themselves through with many sorrows.

Haweis New Testament
For the love of money is the root of all evils, which some coveting, have wandered away from the faith, and pierced themselves through with many sorrows.

Mace New Testament
which some having obtain'd, have revolted from the faith, and brought upon themselves variety of piercing pains.

Weymouth New Testament
For from love of money all sorts of evils arise; and some have so hankered after money as to be led astray from the faith and be pierced through with countless sorrows.

Worrell New Testament
For the love of money is a root of all the evils; which some reaching after wandered away from the faith, and pierced themselves through with many sorrows.

Worsley New Testament
For the love of money is the root of all evils, which some coveting after have been led astray from the faith, and pierced themselves through with many sorrows.

Everything you and your source posted is wrong.

[Unknownparadox]

Using the 80-20 pie fallacy (just using brisket instead):


That said, I'm a classic free market type along the lines of Friedrich Hayek, Thomas Sowell, Walter Williams and Milton Friedman. QE is an abomination that shouldn't exist. A model should fail or succeed on it's own merit.

80/20 is not fallacy. It's a fact.

And no you are not a free market kind of guy. Otherwise you would be bitching about all the companies the government props up. Since you love money so much. You should be highly concern trillions of it is being spent to ensure companies like banks, corn farmers, oil companies and so on. Hell there isn't any major company out there, that doesn't get a government handout, in one way or another.

[Moon68]

Only in a delusional world.

The 80/20 rule applies and is fact, in every government and country in the world.

While banks and the government can create money. You don't want them doing that, since that decreases the value of all that brisket you have horded up. So there is still only so much money in circulation, which the population is forced to compete for. And some rich bastards like tech companies, farm companies, oil companies, banks, car makers and so on. Get government welfare, to help them out.

Oh and it is the love of money is the root of all evil, Not money is the root of all evil.
Everything you and your source posted is wrong.

Since you're kind of all over the place here I'll address the biblical argument first then we'll address the fixed pie fallacy.

Love in the biblical sense is akin to worship. I've been very clear and steady in saying that worship of money is a sin. Matthew 19:24 is often cited as saying that a rich man cannot get into heaven. This is just a snippet that isn't what is actually expressed by Christ in His doctrine. What it means is that a rich man cannot buy his way into heaven. Titus 3:5 bolsters this, stating that it's  impossible for any person, rich or poor, to enter into the kingdom of heaven based on their own merit, their own goodness or their own worthiness. It is only through salvation in Christ that anyone is allowed into the kingdom of God.

[Moon68]

80/20 is not fallacy. It's a fact.

And no you are not a free market kind of guy. Otherwise you would be bitching about all the companies the government props up. Since you love money so much. You should be highly concern trillions of it is being spent to ensure companies like banks, corn farmers, oil companies and so on. Hell there isn't any major company out there, that doesn't get a government handout, in one way or another.

You are assuming that wealth is a fixed pie and I can't earn a dollar without taking it from you, this is absolutely false. As GDP grows the size of the pie continues to grow. As long as GDP outpaces population growth the wealth pie will never be finite. Wealth in the modern world will never be a zero sum game.

Bernie Sanders' Reliance On The Fixed Pie Fallacy


You're Not Losing Money When Someone Makes Money


I would urge you to read some Milton Friedman as he was able to better explain than I.

[Unknownparadox]

You are assuming that wealth is a fixed pie and I can't earn a dollar without taking it from you, this is absolutely false. As GDP grows the size of the pie continues to grow. As long as GDP outpaces population growth the wealth pie will never be finite. Wealth in the modern world will never be a zero sum game.

 You're assuming there is plenty of money. And there isn't, And the only people creating money is the government or the bank. Money has to belong to someone. There isn't trillions sitting around waiting for a owner to come along.

But all of that is a mute point since. Not everyone can be wealthy and capitalism work. If we all had 100 million dollars. Then your happy meal would cost you 450 thousand dollars. Making you not so happy.

[rickymouse]

Well, loving Money is not always a bad thing.  From a search I came up with this information

"

• Based on the analysis of 100 years worth of data from the Social Security Administration's (SSA) Baby Names database, the estimated population of people named MONEY is 82.
  
• The SSA data also shows that MONEY is used as a girl's name 75% of the time.
  

I hope that someone who is in a relationship with money loves Money.