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Started By
Message
Could the barter system be successful?
Posted on 11/19/17 at 9:06 am
Posted on 11/19/17 at 9:06 am
In today's age?
I find as I've gotten older, that I use this more and more often, among friends and acquaintances.
I guess the only hiccup would be people who have a skill set that doesn't truly provide a necessity for living.
I find as I've gotten older, that I use this more and more often, among friends and acquaintances.
I guess the only hiccup would be people who have a skill set that doesn't truly provide a necessity for living.
12
Posted on 11/19/17 at 9:09 am to ThatMakesSense
Trashy
Posted on 11/19/17 at 9:10 am to ThatMakesSense
It reality, a currency system is a barter system
Posted on 11/19/17 at 9:10 am to Antonio Moss
It also allows a few to control said system
Posted on 11/19/17 at 9:11 am to ThatMakesSense
Nope.
We are too specialized.
And you do realize most of the circumstances you are thinking of still had currency as well, right? It was only in very fringe cases barter took over.
We are too specialized.
And you do realize most of the circumstances you are thinking of still had currency as well, right? It was only in very fringe cases barter took over.
Posted on 11/19/17 at 9:11 am to MontyFranklyn
Posted on 11/19/17 at 9:12 am to ThatMakesSense
Some dude went from having a red paperclip to a house by trading.
Posted on 11/19/17 at 9:14 am to Antonio Moss
By definition barter is the trade of goods or services.
Posted on 11/19/17 at 9:14 am to ThatMakesSense
How many used condoms for your house?
Posted on 11/19/17 at 9:15 am to ThatMakesSense
Legalize prostitution under the barter system. That junk in the garage becomes real valuable then
Posted on 11/19/17 at 9:16 am to Chiefagain
quote:
Some dude went from having a red paperclip to a house by trading.
If I recall correctly, not exactly.
His story caught on and some folks started making trades just to keep him/the story going. Kind of muddles the experiment.
Posted on 11/19/17 at 9:16 am to ThatMakesSense
No way.
An isolated instance can work but not as a system.
An isolated instance can work but not as a system.
Posted on 11/19/17 at 9:17 am to Chiefagain
I remember that story.
I'm just thinking out loud.
I have a few CPA friends who do my taxes for me. They trade their service and I get them a few rounds of free golf.
Friend works as an HVAC technician, when I have AC issues, he stops by and fixes or repairs the issue at no cost and I hook him up with fishing.
Etc etc.
Guess it's more networking and friends that have useful skill sets.
I'm just thinking out loud.
I have a few CPA friends who do my taxes for me. They trade their service and I get them a few rounds of free golf.
Friend works as an HVAC technician, when I have AC issues, he stops by and fixes or repairs the issue at no cost and I hook him up with fishing.
Etc etc.
Guess it's more networking and friends that have useful skill sets.
Posted on 11/19/17 at 9:17 am to ThatMakesSense
Technically, you are supposed to pay taxes on barter type transactions.
Which begs me to ask:
What happens if a guy barters all of his talents for room and board? How can he pay taxes?
Suppose a handyman agrees to work around your house, cleaning, painting, etc. for a year. You let him live in your basement room, agreeing to letting him eat all he wants.
IRS going to want some taxes for his work. Who do they get it from??
Which begs me to ask:
What happens if a guy barters all of his talents for room and board? How can he pay taxes?
Suppose a handyman agrees to work around your house, cleaning, painting, etc. for a year. You let him live in your basement room, agreeing to letting him eat all he wants.
IRS going to want some taxes for his work. Who do they get it from??
Posted on 11/19/17 at 9:20 am to East Coast Band
quote:
Technically, you are supposed to pay taxes on barter type transactions.
Really? I didn't know this.
Posted on 11/19/17 at 9:22 am to ThatMakesSense
I believe it is the "use tax"
Posted on 11/19/17 at 9:22 am to soccerfüt
quote:
No way.
An isolated instance can work but not as a system.
Provide circumstances where it couldn't be possible.
Posted on 11/19/17 at 9:25 am to ThatMakesSense
Currency is an evolution of the barter system. I don't think we should go backwards
Posted on 11/19/17 at 9:27 am to ThatMakesSense
(no message)
This post was edited on 11/8/20 at 9:24 am
Posted on 11/19/17 at 9:31 am to OceanMan
Currency is just the escrow of the barter system
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