08-31-2007, 12:18 AM
ichtms Wrote:
Many years ago when I hadn't any savings I happened upon the idea that "interest is theft", in the meaning that "money just sitting in a bank account shouldn't accumulate more money". I took that idea to my heart and I've since then managed to save up quite a lot of money but I've never struggled to put it in high interest accounts or anywhere were it could generate more money than the general salary account that I have. It has always been very low; 1% or less.
With interest, the bank is paying you for a service - the service being the ability to use your money to invest in other things. Finding a higher interest account is the same as negotiating a better deal for the service you provide.
ichtms Wrote:
Real freedom is only possible in a world that is totally free of money. I've written stuff on this but I don't know where those notes are right now. Well, anyway... What do you think of this idea?
I've always wanted to set up a small commune, where tasks are shared rather than paid for (i.e. no money is needed). My only problem with joining existing communes is that for some reason most of them like to avoid technology. I don't think the two things need to be mutually exclusive.
While you're in the commercial world, though, you're stuck playing the money game, so you might as well try to win.
