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You can't be serious - there isn't any unowned land out there. You can buy land for less than $2,000 per acre in just about every inland state in the US. A cur
by padobson 11y ago
You can't be serious - there isn't any unowned land out there.
You can buy land for less than $2,000 per acre in just about every inland state in the US. A cursory glance at Zillow shows that even Rhode Island has sub-$100k/acre available[1].
But that involves being miles away from anywhere and if you're off the grid it seriously hampers your earning potential.
I'll concede that we're not there yet, but technology makes off-the-grid living and working more feasible all the time.
Microchip fabs?
You mean like Intel? A company with 1800 owners?[2]
But without getting to boiled down in the minutia, my problem with Picketty is that there's no reason that the "r" in "r > g" couldn't be distributed using crowd-funding and decentralized currencies (and whatever their successors might be) by the natural flow of capital, rather than relying on the coercive methods Picketty suggests.
[1]http://www.zillow.com/homes/for_sale/RI/land_type/50_rid/2-_beds/0-540484_price/0-2000_mp/priced_sort/42.172564,-69.893646,41.026535,-72.557831_rect/8_zm/0_mmm/ http://www.zillow.com/homes/for_sale/RI/land_type/50_rid/2-_...
[2]http://www.nasdaq.com/symbol/intc/ownership-summary http://www.nasdaq.com/symbol/intc/ownership-summary