4 ms·
That's precisely why I used the phrases "equivalent land in capital" and "equivalent to a nice suburban home". In context, it should be obvious such a wealth ex
by cornholio 8y ago
That's precisely why I used the phrases "equivalent land in capital" and "equivalent to a nice suburban home". In context, it should be obvious such a wealth explosion would cause an unfathomable real estate inflation.
While land is limited, wealth and capital are not. It's perfectly possible to posit a society where people own, say, shares of robotic mining companies that roam the solar system for resources. Or that values genuine human sexual intercourse to the tune of one million dollars per act, inflation adjusted. It's much harder to substantiate how such a society would actually look like.