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And... Welcome to a bunch of layoffs from rent seeking parasite industries while all the fat cats try to park their capital somewhere else ahead of the regulato
by salawat 5y ago
And... Welcome to a bunch of layoffs from rent seeking parasite industries while all the fat cats try to park their capital somewhere else ahead of the regulatory crackdown curve.
The problem is centralization of wealth, absurd expectations on the returns of capital, and the coupled wage theft that enables those returns, popularized by an entire generation of Welch worshippers, and skewed expectations created by export of production, and increasing reliance on safe-harbor third world labor prices.
It's all way more interconnected than it looks.
- imtringued 5y agoAs wealth inequality rises there are more people who have no idea what to do with their wealth and more people who have ideas but no wealth. According to Dirk Löhr the biggest driver of wealth inequality is just good old real estate and it's mostly the land that appreciated in value. Chasing land rents (I mean speculation on rising land values, not renting out apartments as a landlord) feels wholly unproductive.
- hellbannedguy 5y agoIn the USA, I would like to see laws limiting whom, and how much realestate a person can accumulate. 1. You need to be a citizen in order to buy realestate. No more wealthy guys buying our land with an email. No more homes siting empty, or filled with illegial. 2. Wealthy guys can only buy two, or three at most. 3. Outlaw corporate speculation in realestate, like Blackstone. I feel #1 is something that should have been outlawed years ago.