Slothism for dummies

McKenzo has showed up on the stream before so that's a blatant lie.

https://imgflip.com/i/5juk6h?nerp=1631721219#com13727857
https://imgflip.com/i/5mhqkl?nerp=1631721209#com14213660

You found one of your buddies comments from months ago? Does that mean he's not a rubber stamp mail in voter?
Good try tho.

Good try? What are you talking about, Andy?

McKenzo is AFK and has never participated in the stream. You finding a single comment from 1999 only proves what I said...

McKennzo is not that afk. His last comment was only 5 hours ago. And he has participated in the stream before. I already provided you with proof. And I assume you're joking about the comment being from 1999 but it's hard to tell with you.

Switch accounts and have him chat with me or make a meme. You always appoint these weird shared troll accounts from golly knows where to rubber stamp your monarchy.
If he was a real person, HE'D be on here fighting Sloth's attempt to cram a socialist economy down our throats. The character he plays on politics12 or whatever is way further right than us, if he was REAL he'd never go for communist styled socialism.
Hence: he's someone's shared account or alt.

Still spewing baseless conspiracy theories I see.

The first rigorous attack on the banking system! Fantastic!

I had to come up with some way of distributing money that wasn’t going to be too burdensome on me. Adding up everyone’s memes and comments would be a nightmare and also create perverse incentives to make spam and low-quality content.

Encouraging minimum weekly activity on PRESIDENTS seemed easy enough to track and fair enough to me.

I do think that McKennzo and maybe others on Congress are possibly on track to miss their salary this week unless they voted on the Constitution. However, if they don’t set up their bank account or use money (which seems likely) then what they’re being paid may as well not exist. Not much I can do about that.

What is the actual difference we’re talking here? $150 for a Congressman vs. $100 for a citizen — Not much. I set Congress pay to be only 1.5x that of a citizen in recognition that Congress often isn’t doing much.

Anyway. The government is the ultimate decider of how money is managed. If they don’t agree with the basic system I’ve laid out, they can change it. A government can fire me or overturn “Slothism” (lol) entirely. Run on it!

And in the meantime any citizen can protest the system themselves by lighting their money on fire, etc. I’m happy to zero out anyone’s bank account and stop issuing salary payments upon notification. :)

I'm not attacking the bank.
I'm attacking the state ownership of all wealth.
Your system is based on the communist ideal of state ownership of wealth. The party starts with all money and doles it out as it sees fit. That's not capitalism.
I'd explain capitalism, socialism, and communism to you, but we both know you'd just pretend you couldn't read.
I like your system cause it's fun (this is a meme website, not real life, economics don't nerd to be sound...)
But I heard some dumb people referring to Slothism as capitalism. The party owning all the money and doling it out to citizens to not work is communist/ socialism. Not Capitalism.

I just think you’re mistaken. All money comes from the government, *even* under a gold standard, unless it’s counterfeit money. And that’s not real valid money. Lol

You could also talk about Cryptocurrency which was set up by techie-libertarians/anarchists to circumvent government-issued “fiat money,” but it’s plagued with all sorts of its own problems.

And you guessed it, government is moving in to regulate the crypto markets right now.

https://www.investopedia.com/sec-chief-reiterates-call-for-cryptocurrency-regulation-5201311

Tl;dr — You can never escape “the man.” Lol

Like I said: you'd just pretend you can't read.
Capitalism: wealth originates from goods and services. (In 1800: a tanned buckskin, an ounce of silver or a gallon of rum was worth a dollar cause that's that it would fetch in the next town.)
Socialism: wealth still originates from goods and services but is then taken by the Gov't and redestriduted by the Gov't (see France democratic socialism.)
Only in Communism is the prerequisite of state ownership of wealth a thing.
Butt like I said. You already know that...

“Wealth” originates from goods and services in *any* system. Capitalist, communist, or anywhere in between. What inherent value does printed paper have? None.

What inherent value do the 1’s and 0’s of binary code that make up your bank account have? None.

What a financial system provides isn’t “wealth” but rather a medium of exchange. It allows you to buy someone else’s good or service with your own good or service, according to a commonly agreed-upon unit of value.

Financial systems that aren’t well-designed or well-managed end up destroying the economy by making those kinds of daily transactions risky, burdensome, or impossible.

This is why we have a financial system built upon so-called “fiat money” rather than all of us carrying chunks of gold in our pockets (which are hard to subdivide, easy to counterfeit, etc.).

Or carrying a herd of cows everywhere we go and using cows as dollars. Because ain’t nobody got time for that.

Cryptocurrency is the modern form of carrying a herd of cows everywhere. In my opinion. It lets you be independent from “fiat money” but carries all its own problems. If you forget your Bitcoin password you’re f**ked — apparently 20% of the world’s Bitcoin supply is permanently lost because of that. Bitcoin isn’t impervious to theft either the way its boosters claim. Bitcoin consumes a huge amount of energy to “mine” — the energy consumption of Finland. Not everyone accepts it as tender so it’s not as useful as government-sanctioned money. There are bubbles and speculation so it’s not a very stable unit of value, and all of Bitcoin’s lesser-known competitors are plagued by even worse bubbles and speculation. Etc etc.

The Gov't owning all the money and giving it out as it sees fit isn't capitalism. Full stop.

Through central banks, governments exercise ultimate control over the money supply in every modern economic system I’m aware of. If they didn’t, then they would have no means of controlling things like inflation and counterfeiting. All that was even true under the gold standard — a standard that is only enforceable by the government’s requirement that the central bank back any currency it issues with gold reserves.

So, by your definition there isn’t true “capitalism” anywhere in the world. Ergo I’m not troubled by the notion that my system isn’t capitalist either.

If you have proposals for a pure capitalist system that would meet your criteria, I’m all ears.

Memers mine and mint their own coins like Bitcoin?

Run on it!

Did you run on Slothism?
Nope.

The Gov't owns all the money
The Gov't distributes the money to each according to his need
The party members are "more equal"
I heard of this economic system somewhere... where was it...