A Boring Dystopia

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Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.

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Good question. (lemmy.world)

submitted 10 months ago by STRIKINGdebate2@lemmy.world to c/aboringdystopia@lemmy.world

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[–] Telodzrum@lemmy.world 2 points 10 months ago (1 children)

arguably the entire worth of the dollar as a currency comes from it being what taxpayers pay in, so yeah it kind of does come from taxpayers

Not at all. The dollar’s valuation comes primarily from:

Its backing by a stable economic and governmental system and the projected power of the military controlled by that government
Its status at the global reserve currency

Tokyo, Lisbon, and Santiago don’t hold debt and equity in USD because Phil from Bozeman paid the IRS in that currency.

[–] Primarily0617@kbin.social 0 points 10 months ago

Its backing by a stable economic and governmental system

the only real backing the dollar has is that it's the only currency you can use to pay US taxes

1 is necessary for 2, so 2 isn't really a separate point

Tokyo, Lisbon, and Santiago don’t hold debt and equity in USD because Phil from Bozeman paid the IRS in that currency.

They hold debt and equity in USD because USD is stable because there is always a Phil from a Bozeman who needs to pay their taxes, so they money will always have value to somebody