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As for the overly empiricist view of "only what you can perceive with your 5 senses is real" is a bit faulty: energy cannot be perceived, but it exists.
Time is an interesting factor. The answer is yes it exists, but in an arbitrary symbolic form created by people in order to function in a society. St. Augustine spends a book of Confessions riddling with Time and comes to the conclusion that only God can sort it out. But God did not create time. Actually, if you go by the Bible, it seems that Time exists before God (he created things on certain days, but did not create the days).
The reality is that a group of people observed the patterns of the sun, and decided to subdivide their reality to make life convenient: and this caught on.
Time is to me is artificial and only is because one wants to establish something over and over again.
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During the French Revolution, Robespierre completely rearranged both the calendar and the number of hours in a day: it can be done, it just has to be agreed upon by a majority or else it is useless.
Well they do say time is money and they mean just that.