3 ms·
Yeah middle class homeownership is bullshit. Middle class stock ownership is less obviously good or bad, because the 0-sum nature of land is not present. When
by Ericson2314 5y ago
Yeah middle class homeownership is bullshit. Middle class stock ownership is less obviously good or bad, because the 0-sum nature of land is not present.
When one gets right down to it, ownership is a too strong stuff. Total Control for eternity which is then sold in finite time in practice? Woah there, why so many infinities? "Rent" has a bad rep, but the problems of rent have to do with it being backstopped by ownship --- i.e. private landlords. "Rent all the way down" is good and conceptually simpler as their are no crazy cancelling out infinitis or whatnot. It's a system of flows that more accurate tracks how the "real economy" works.
Of course, it is important there is still leverage, futures markets, etc. etc. of various sorts to push along history, but full ownership is too much a sledgehammer.
- novok 5y agoThere really isn't such thing as ownership. Stop paying your property tax and see what happens.
- Ericson2314 5y agoCertainly, but we dole out an awful lot of privileges in return for that measly obligation! Prop 13 merely puts the silliness in sharper relief.
- anonporridge 5y agoThere is with bitcoin.
- lelanthran 5y agoSo, what then? The state owns all the land and all company stock? Non-middle-class persons own all the land and all company stock? Sounds like a great way to force everyone except the wealthy elite into poverty cycles. Maybe there is a reason that those countries that implement what you are talking about (no property ownership) are locked in either perpetual poverty or perpetual war against their own citizens. Doing away with property ownership is a great way to join the ranks of the third world.