3 ms·
That is really no different from any other investment. If you buy a house, you are relying on the government to uphold your property rights, otherwise anyone co
by Camillo 11y ago
That is really no different from any other investment. If you buy a house, you are relying on the government to uphold your property rights, otherwise anyone could come in and take it over. Let's say you buy a house in SF, hoping for a steady income from rent. Let's say people finally manage to kill the goose that lays the golden eggs, and the tech industry moves to Utah. You're going to lose a lot of money, and the government is under no obligation to make you whole.
I cannot live in a society where profits get concentrated when things go well and losses get spread around when things don't, because that is not a sustainable society.