Pros and Cons on Money Essay Example for Free

Pros and Cons on Money Essay This is a very sad image that has been painted of the human race. Not all people are money grabbing bankers. in fact the majority of people are good-hearted, who are prepared to give away increasingly small small amounts of spare cash to help charities. They are willing to help. You cant blame corporations and bankers for doing what they are supposed to and that is make money and turn a profit. In all exchanges someone is selling a service and someone is buying a service. There is no rule that says you cannot make money from the transaction. What we can do though is to change the environment in which banks operate. For example laws stipulating how much profit can be made, how much of profit needs to go back to society. We can take responibility for our own destinies instead of money leading us by the nose. As we develop technologically, research and development which leads to breakthroughs in all spheres of society cost money. The companies spending that money should surely be entitled to a return on their investment. Without an incentive, there may be fall off in development. So, instead of only a few bastards getting away with doing nothing for money, now we will have everyone doing nothing for money. Sounds great, until you realize that the resources to run that scheme will soon run out and people will be forced to create value by the motivation of fear and coercion, rather than by the desire to better their condition. This is exactly what derailed all socialist states. What would such alternatives be? In the field of Economics, they have tried to measure Gross National Happiness as opposed to GDP and it created even more problems. Only one country in the world has this as an index, due to problems of comparison between individuals happiness levels, measuring happiness and the fact that happiness levels are so easily influenced by personal situations. The lack of any other sensible, comparable and ordinal alternative has meant that money is the only current measuring unit. What does greed got to do with money? Even without money, greed still exists.,wom an,man,love. Well, I doubt that its true though. First let us consider the point that money is of no real value. What about Gold? Gold itself is considered money. Money itself is divided into Fiat money and Commodity money. Even without fiat money(paper money), people will still be able to use commodity money. Something similar to barter trade. Does crime still exist? i bet it will. Much more than it is now if fiat money is not used. What causes poverty itself is not the lack of money. It is the mentality of the people thats saying that i am poor, i wont become rich, i dont need money, money is the root of all evil. These are the mentality that causes poverty. And besides, i think u should clearly understand what all mean,it means nearly everything or everything.So,first of all,theres no doubt that you can not count how many evils are there in this world,that means your 90% is impossible to prove your point;and if you are right,is that also mean you agree withtheres no evil during the time when the money havent been invented?KIDDING! Money can be donated to a good cause. Like it or loathe it, civilized society cannot function without money, therefore it has to stay. Money can also be used to do alot of good also. For example, millions of Britains donate money to various charities each year to help those that are less fortunate. Comic Reilef raises tens of millions of pounds for its causes, therefore money is not all about pursuing it for the individual, many people activley share thier wealth, redistributing it to those that really need it. If money does not exist, barter trade does exist which will also leads to donation if one have an excess of goods and services. Therefore i dont think that the word donate will not occur No, because some evil clearly nothing to do with money There are many roots to acts that would be considered evil I will assume this means actions that harm others or denigrate the self, but the concept of evil itself is by no means straightforward that are nothing to do with money. For instance, a murder might be motivated by anger, a rape by uncontrollable lust, bullying and discrimination by ignorance. You dont need money to commit a crime. You need a big rock or stick to murder someone. You need the other person not to notice to steal something from someone. Crime has been happening before a monetary system. Religion has also led to a lot of destruction since a long time. Not only this even the greatest of problems dont have their root cause as money.The biggest example being Taliban.Why are they attacking people, they are not getting money from it but it is because they want blood, killing of Indians and Americans. This is called racism. So money is not the root cause of all evil. No, because Money is not the root of all evil. The lack of money is the root of all evil. I respect both sides and I understand why many people believe that money is the root of all evil. But I have to disagree. The lack of money is the root of all evil. Back in the history of mankind, before money was invented, we bartered. Money was the result of hardworking process. Bear in mind that criminals are all born in poverty and some of them live in poverty. The fear of lacking money haunts them constantly. It is the fear of not being able to feed themselves and their families that make them commit unthinkable crimes. If money is evil, could you live in a world without money? If greed or desire is evil, have you ever wanted something that is not yours? Any of you ever want an Iphone? Any of you can live without computer, electricity and all of modern comfort? If you think money is the root of all evil, Id like to recommend the Communist Manifesto for you. Marx talked about an utopia society in which people work based on their ability and get rewarded base on their needs. Money would not be necessary. I like to ask those who think money is not necessary to point out a successful communist example. Im from a communist, aka socialist, country. And we are moving toward a capitalistic market. I strongly believe that if you dont work for yourself, nobody will. Money motivates people to work harder, smarter. Would there be light bub if Edison work for just bread and milk only? You might say those riches keep getting richer without giving away their money to the poor. Id like to ask you Why the rich keep getting richer and the poor keep getting poorer? If you find the question somewhat interesting please spend sometimes read the book Rich Dad, Poor Dad. It changed a poor college students way of thinking, I hope it will be helpful too. Money is not the root of all evil. The lack of money is the root of all evil. Money represents positive value It is a great American contribution to world culture, that they have coined the phrase to make money. Money is made, by effort of muscle, willpower, and intelect. There can be no society composed entirely of thieves, as there will be no value to steal. Money represents the confidence of parties that the value of their efforts can be traded for the value of others efforts. It is a recognition of the importance of society based on trade, rather than the only real alternative: violence. To be clear, money contributed to charity is also traded, for the value of achieving a social goal this in contrast to taxes, which are forcefully taken. No, because Money is the end product of what you did Money is the end product of something that you did that you think its enjoyable to you. For example, if someone started invest into a company or firms, it is because of the excitement not because of money. It is the excitement that make people invest and this excitement will leads to the end product, money. Therefore there is no reason to say that money is the root of all evil. Money is just the end product of what you did that excite you No, because Originally, Money was the solution to the problems(/inefficiencies in transactions) arising out of barter exchange system. Read on the history of money. Originally, Money was the solution to the problems(/inefficiencies in transactions) arising out of barter exchange system. Ex: In barter exchange there had to be a double co-incidence of wants. A man selling milk who wanted to buy rice had to find someone selling rice wanting milk. GOOD LORD! Just imagine how time-consuming frustrating. Also, there was a need for a standard to objectively measure the value of all types of goods like cows, milk, foodgrains, clothes, ornaments, etc. Imagine feelings of doubt being cheated arising out of selling 1 kg rice in exchange of 3 litres milk (when later you met someone offering you 4 litres in exchange for the same value)! Moreover, money is the best most liquid store of value has legal tender so you sue someone legally if cheated. Money solved the problem also avoided all the confusion. Money is an indispensable part of our lives. Money has to be earned! The root of evil is people who want the unearned money. Saying MONEY IS THE ROOT OF ALL EVIL is like blaming your tools; its very embarrassing. A similar statement: Computers (or tech) is a curse. Ex: You condemn the car for it lead to a terrible accident you landed up in hospital. So is car the cause of the accident? Or are there other things to consider- like did you repair maintain it regularly? Why did you buy it? Were you drunk? Were you daydreaming while driving? Did another car hit yours? Id say that anyone with minimal level of intelligence should get the gist of it should be in a position to discern the fact that car per se didnt create the problem. In the accident scene, car was the passive factor while the man driving it was an active factor another car hitting it was the causal factor. Money too is a passive factor. How you approach it makes all the difference! Just as how you use Internet Computer decides whether it be a curse or a boon. My smartass opponent may say car was purchased with money- so again money is the root of all evil. Alright then, could you dispense with your car? Could you dispense with anything else having money value? But this is different issue altogether. No, because Money cant be dispensed with see the essence of of what I mean by money anything that is or acts as money i.e. anything that performs the recognized functions of money or serves the recognized purpose of money. Id quote a definition Money is a good that acts as a medium of exchange in transactions. Classically it is said that money acts as a unit of account, a store of value, and a medium of exchange. Most authors find that the first two are nonessential properties that follow from the third. In fact, other goods are often better than money at being intertemporal stores of value, since most monies degrade in value over time through inflation or the overthrow of governments. Now think can you do without money? Do you wanna go back to the days for barter system? Imagine no banks, no recognized/ standard medium to transact. No, because Theres no such thing as the root of evil! Evil can take different forms types and also has different causes most of them-psychological.