News, Liberty, Society


  • youtube
  • linkedin
  • google

Dollars funnel.

It’s my money: It belongs to me not the government

I have been asked to explain why I constantly refer to what I earn as “my money”.  The suggestion being that since government prints the money it is actually the government‘s money and I should be grateful for whatever amount they allow me to retain.   Principally, I am claiming ownership of the value (my) money represents because it’s value I created with my own body and mind.  The money itself is simply a substitute for the value I created.

Government did not create that value; they simply provide the service of facilitating exchanges and protecting property.  Government coins money to ease simple exchanges of valuable property and labor.  That service provides a value for which we pay a percentage (taxes), but the initial value comes from the labor of the citizens.  As such, the money which represents that value belongs to those citizens who labor.  On the face I have difficulty understanding the question as the answer seems self-evident to me.  However, since it has been asked of me repeatedly I will break out the sentiments that inform my statement when I reference “my money”.

To begin, we must bracket and put aside questions about the money itself.   Before we can talk about who owns the money in my pocket we must understand the concepts of ownership and value.   These two concepts, what Plato would call ideas, are primary to any discussion of money because the concept of money flows first from value and ownership.

What is value?  In some ways asking for a definition of value is philosophically akin to asking for definition of “being”.  A standard characteristic of value is that it’s subjective and relational.   It is an attempt to quantify how much individuals desire something.   Gold is just a shiny rock and oil is just a flammable organic liquid, valuing these items in their natural state any more or less at a given moment is not connected to any change in their characteristics.  When labor is applied to these items, labor which brings them from their natural state, they can be turned into things people desire.  It is from this that they derive their value.

The refined product has more value than the raw product because labor has been added to it.  The new value represents the base value and the value of the labor combined.  The base value of the unrefined product is simply an approximation of what the eventual refined products may be worth.  Oil in the ground has value, oil out of the ground has more value, and oil refined into gasoline and kerosene has even more.  The additional value comes from the labor applied to the oil.   However, all of this value, that of the material and that of the labor applied to the material, is still only a function of how many other people desire that material in its various forms.  Something has value when lots of people want to own it.

This brings me to the concept of ownership.  That which you own is said to be your property, you have a claim to it.  Why?   Who supports or asserts your claim?  English Philosopher John Locke argued that the individual ownership of goods and property is justified by the labor exerted to produce those goods or utilize property.  (Second Treatise, Chapter 5).  In a sense this means that if I pulled it out of the ground, or shaped it, or built it, I own it.  Locke also goes on to say that nature on its own provides little value to society but that the labor extended in the creation of goods imbues those goods with greater value.

I am positing that ownership of property is created by the application of labor.  I took down a tree, used the wood to build a house.  I planted seeds and grew food to feed myself.  I killed and butchered a dear for the same reason.  I pulled rocks from the ground to fashion tools and ornaments.   All of these things are now mine because they are the fruit of my mind and body.  This ownership precedes any claim by the government.  Government comes in after the fact for protection of my rights to the property I own by virtue of my labor.  Even though I provided the labor to pull it from the ground and shape it, others may apply labor to take it from me by force.

This is why we decide to form a society.  If I have to sit in my house and protect my property from others who seek to take ownership of it, I have less time available to produce food or materials or acquire more property.  However, if I gather some people together we can decide to take turns keeping watch for criminals.  If I am really efficient we establish a government to hire professionals to do the job for us; trading things of value for the labor of security professionals.  This government can also serve as a neutral party to arbitrate disputes between members of the society and establish common weights and measures so trade can be accomplished fairly.

Now that we have analyzed the nature of value and property we can apply these concepts to the nature of money.  We empower the government to establish a mutually accepted currency which we agree to accept in place of actual goods.  Trading the wheat I grow for some sheep from my neighbor so I can get wool to bring to the weaver and meat to bring to the butcher is wildly inefficient.   We empower government to coin money because it makes it easier to trade if we all agree on the value of a single unit of trade.  It could be coffee beans just as easy as gold coins or scripts of paper.   After the Soviet Union fell, while the ruble was worthless,  a fairly effective system developed where people used cigarettes for the small things, vodka for middling and Courvoisier for the big purchases.   essentially because we all agree to accept that money as a substitute for the actual products we value.  That’s all money is, a substitute for things with actual value.

If money is just a substitute for the value I created, then the money I earn in exchange for my labor is no less my property than the labor I exerted to earn it.  The things I buy with money are said to be my property because I purchased them.  I entered into a contract where I agreed to give over some money for a finished product.   When I purchase a television I am trading the accumulated value of some of my labor, represented by the money in my hand, for the value of the labor involved in taking various materials and shaping and combining them into a television.  The television is mine, as is the money I used to purchase it.

Government is entitled to a percentage; to pay for the services they provide to facilitate that exchange but the money in my pocket is not theirs.  Essentially, they were hired by the citizenry to produce the money so we could have a simple medium of exchange.   Just like hiring someone to pull rocks out of the ground for me, the money we hire government to produce is ours.   My money represents the value I produced with my labor.  If my labor belongs to another I am slave.  I am no less a slave if the money which substitutes for the value of my labor belongs to another, even the government.

Like This Post? Share It

Comments (300)

  1. nfl jersey was far too easy before, however right now it’s impossible
    cheap new style prada leisure men shoes 1590805 sizzling sale

  2. Gossips which in turn nfl jersey pulls to a shut, obtain the follow-up
    best deals of mens lacoste shoes protect laser white red black super sale

  3. Its not my first time to pay a visit this site, i am visiting
    this site dailly and take pleasant data from here every day.

  4. This web site definitely has all of the information and facts I needed concerning this subject and didn’t know who to

  5. All 5 securely-protected nfl jersey tips shown in precise detail.
    cool reductions prada 2014 leisure men shoes 1658723 outlet shop

  6. Its like you read my thoughts! You appear
    to grasp so much approximately this, such as you wrote the
    e book in it or something. I think that you can do with a few p.c.
    to pressure the message house a bit, but instead of that, that is magnificent blog.

    An excellent read. I’ll definitely be back.

  7. nfl jersey was simply too easy before, but now it’s close to impossible
    guarantee quality 2014 mens prada saffiano travel tote va1016 in burgundy coupon code

  8. nfl jersey brings completely new life span to a old problem: defacto standardized
    high quality, low prices 2013 new! moncler jackets womens long sleeve with golden off 60%

  9. Be on time – Promptness is key to showing respect for others’
    time. So, if you’re one of those lucky grandparents, here are some tips to help you along
    the way. Be sure that you are watching the kids at all
    times and making sure they are playing safely.

  10. Advanced nfl jersey Ebook Reveals Easy Methods To Dominate The nfl jersey Market
    cool reductions 2014 christian audigier mens t shirts012 outlet on sale

  11. Here is how to understand all sorts of things there is to know related to nfl jersey in five easy steps.
    wholesale cheap air jordan 13 glow in the dark white blue grey coupons

  12. Be the owner of a nfl jersey With out Spending A Single Penny
    shop cheap air jordan 3.5 high heels black pink at our professional online store

  13. Goood post. I learn something new and challenging onn
    sites I stumbleupon everyday. It’s always hhelpful to read content from other authors and use
    something from their sites.

  14. I every time emailed this weblog post page to all my contacts, as if like to read it after
    that my contacts will too.

  15. I concorrenti sono divisi in quattro gruppo di 16. I due italiani sono nel bracket Snead e, di conseguenza, potrebbero trovarsi di fronte nei quarti di finale. Testa di serie Jim Furyk, che affronta Scott Verplank, mentre Edoardo Molinari avr di fronte Stewart Cink e Francesco se la vedr con Zach Johnson. Nello stesso raggruppamento anche il canadese Mike Weir opposto allo spagnolo Alvaro Quiros, e l Paul Casey (contro Stephen Ames di Trinidad Tobago, ora con passaporto canadese). Edoardo al debutto in una gara del WGC, mentre Francesco alla seconda presenza dopo l Champions dello scorso novembre, dove si classific decimo.

  16. Don’t forget When You Could get a nfl jersey completely free, And You Never did ?
    price melt down prada saffiano tote bag in blue leather on sales

  17. The nfl jersey truth your folks does not want you to find out about
    buy best gucci handbag new jackie 246907 cta4g 1000 gucci outlet online we\’re out to shatter the competition—gucci-outlet-online-p-3555.html

  18. Something that all others is doing in the matter of nfl jersey and moreover the actions youshould do completely different.
    cyber money deals on gucci 2012 loafers in leather in white g616 outle

  19. One Of The Most Comprehensive nfl jersey Report You Ever Seen Otherwise Your Money Back
    valueable canada goose foxe bomber red men your best choose

  20. However, it was not a turn-based strategy
    game and was in fact more like Age of Empires, but with a much
    greater variety of units. Up until fairly recently at the time, my main interest outside of school was fishing and i loved it and i still do
    a little angling today, but the nature of fishing as
    it is meant long hours at times with little or know
    action, i would just sit and admire the wildlife, courting Crested Grebes being the most fascinating i recall.
    There are some supremely good, high quality i – Phone
    racing games, with top drawer graphics that can even rival console versions, and there are also some more
    retro and cartoon gaming options to appeal to the youngster
    in you.

  21. Keep on writing, great job!

  22. Heya i am for the first time here. I found this board and I
    find It truly useful & it helped me out a lot. I hope to give something back and aid others
    like you helped me.

  23. Why people still use to read news papers when in this technological world everything is accessible on net?

  24. Hello! I know this is kinda off topic nevertheless I’d figured I’d ask.

    Would you be interested in exchanging links or maybe guest writing a blog article or
    vice-versa? My site discusses a lot of the same topics as yours and I feel we could
    greatly benefit from each other. If you’re interested feel
    free to send me an e-mail. I look forward to hearing from you!

    Wonderful blog by the way!

  25. I like what you guys are up too. This sort of clever
    work and reporting! Keep up the awesome works guys I’ve included you guys to

  26. I would like to thank you for the efforts you’ve put in writing this website.
    I really hope to check out the same high-grade content from you in the future as well.
    In truth, your creative writing abilities has motivated me to get my own website now ;)

  27. carteras hermes replicas modelos gnfsnx hermes collier de chien belt replica mango gjkgpooh

  28. I read this piece of writing completely regarding the comparison off most recent and
    previous technologies, it’s awsome article.

  29. Today, I went too the beach front with my children. I foundd a seea shell and gave it to my 4
    year old daughter and said “You can hear the ocean if you put this to your ear.” She placed the shell to her ear and screamed.

    There was a hermit crab innside and it pinched her ear.

    She never wants to go back! LoL I know this is totaally off topic but
    I had tto tell someone!

  30. But these are very expensive, and are typically only used when a serious objective injury
    is present. Classification of accident lawyers ‘Based on their
    skills and areas of expertise, an accident attorney can be classified
    into following sections: o – Super-Lawyers category (Special class lawyers) o – Civil advocates o – Members of
    Advocate firms o – Listed among the attorney services. Do this as soon as you
    can after the accident and do not prolong anything if you want to be compensated

  31. Nevertheless, folks are clueless that they can cash in on the
    things they already very own. You can also go after what I call “low-hanging fruit”
    – the potential clients who are interested in working with you, but haven’t
    signed up yet. Sodas in grocers and in local bodegas will be allowed to be sold in the current sizes without restriction on amounts or types.

  32. I’m really enjoying the theme/design of your weblog.
    Do you ever run into any browser compatibility issues?
    A small number of my blog readers have complained
    about my blog not operating correctly in Explorer but looks great
    in Opera. Do you have any advice to help fix this issue?

  33. I’m not sure whhy but this web sitte is loading extremely slow for me.

    Is anyone else havin this problem or is it a issue on my end?

    I’ll check back later aand see if the problem still exists.

  34. Hello, after reading this amazing post i am too delighted to share my know-how here with mates.

  35. Fast shipping….Great transaction….A+

  36. Nice blog right here! Also your site rather a lot up very fast!

    What host are you the usage of? Can I am getting your affiliate hyperlink
    to your host? I wish my website loaded up as quickly as yours lol

  37. To Prospects Who Wishes To master nfl jersey But Aren’t able to Get Going
    cheaper gucci loafers in leahter in brown g068 coupon code

  38. Weekly nfl jersey Wrap up is definitely starting to really feel kind of out of date
    2014 latest 2014 new arrival nike free 6.0 mens running shoes black green white get more green back

  39. One particular massive edge of second hand car parts is their price tag.
    First, you need to contact North Valley Towing junk car chico ca
    company. Uncover one and you’ll have a good life if you use the money intelligently.

  40. I seriously lopve your site.. Great colors & theme.Did you
    develop this site yourself? Please reply back as I’m hooing to create my very own blog
    and would love to find out where you got this from or exactly what
    the theme iis named. Appreciate it!

  41. That is a good tip especially to those new to the blogosphere.

    Short but very precise info… Thanks for sharing this one.
    A must read article!

  42. Its such as you read my thoughts! You appear to understand so much about this, like you wrote the guide in it or something. I think that you just can do with a few p.c. to drive the message home a little bit, but other than that, that is excellent blog. A great read. I’ll certainly be back.

  43. I’d like to find out more? I’d like to find out some additional information.

  44. Thanks for sharing your thoughts. I truly appreciate your efforts
    and I will be waiting for your next post thank you once again.

  45. Ahaa, its fastidious discussion regarding this article at this place
    at this blog, I have read all that, so at this time me also commenting here.

  46. Hi, constantly i used to check web site posts here in the
    early hours in the daylight, since i love to
    find out more and more.

  47. I have read so many content concerning the blogger
    lovers however this article is in fact a good post, keep it up.

1 4 5 6

Leave a Reply

Your email address will not be published.