The great saving vs hoarding debate.

in #saving3 years ago

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I think we can all agree that saving for the future is a moral good. That preparing for emergencies, growing wealth, leaving things for your children's future... It's all positive, right? The responsible, admirable, self sufficient thing to do? At least in the abstract, especially in contrast with excessive consumption... or worse... debt?

So what's the difference between saving and "hoarding"?

Is it just the quantity... The value amassed? If so, what's the cutoff point between the two?

Reasons this was my random thought today:

  1. The "rent is theft", "eat the rich" crowd being annoying

  2. I'm currently figuring out how to clean out my garage to make room for lizards and realizing how much shit I should just put out by my curb next trash day

Worth noting that people who wrongly accuse people of hoarding (wealth) are actually probably opposed to gluttony, and are really meaning to accuse the wealthy of gluttony.

I have yet to see someone REEEE! at Elon Musk for building battery and EV factories. Most people on the left don't seem to be opposed to battery and EV factories as long as they are run responsibly.

But they accuse him of hoarding, because his company which builds these factories is worth a lot.

Contrast to someone like the Walton heirs that don't appear to offer any real utility. They consume a lot. Among that segment of rich people, there is a lot of gluttony.

I think that is what people really take issue with. Someone buying their third private jet or yacht because they are bored while others are going into medical debt for insulin.

Long story long, I think the left needs to reflect on distinguishing between gluttony, hoarding, and capital allocation. Any given person can have a mix of the three on a spectrum.

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If #newspeakliberal understood economics, they wouldn't be...

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