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There seem to be 2 economies: There's the 1% (0.1%?) economy where there is a lack of productive places to "put" money that might generate a return so people ar
by AlexandrB 5y ago
There seem to be 2 economies: There's the 1% (0.1%?) economy where there is a lack of productive places to "put" money that might generate a return so people are buying up any shiny, new thing that comes along. Then there's the 99% economy where people need to buy food/clothing/shelter and money is getting increasingly tight.
It's almost as if transferring some of the (marginally useless) money from the 1% to the 99% might actually be a better investment in the future than some of these dubious "assets". But there's no NFT for that.
- closeparen 5y agoYour model for 1% should be “professional couple that owns a pretty good home in an expensive city” not “casually drops multiple hundreds of thousands on nonsense.” That’s like Saudi prince level wealth.