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That system is called feudalism! Just the lords don’t even have to take care of security anymore - peasants also pay for that.

JumpCrisscross 5y ago
> system is called feudalism Peasants didn't vote for their lords. Somehow California's poor and renters have been convinced that building less housing is in their interests. (For example, see [1].) [1] https://news.ycombinator.com/item?id=29419007 https://news.ycombinator.com/item?id=29419007
- AtlasBarfed 5y ago
  There are no poor people in America, merely temporarily embarrassed millionaires. A sufficient number of poor voters (the young likely) think they will hit the lottery and don't want the system closed to them. By the time you realize the racket, the next generation comes along to be sold the big lie.
- ethanbond 5y ago
  Landlords (look at the word!) are not elected. Building more loosens their grip, and yes it’s counterproductive to go against that, but also land is de facto finite. Today’s landlords are descended from a long line of landlords, lords, warlords, and eventually just assholes who said, “get off this piece of earth or I will murder you, it’s mine now.” Of course this lineage is no longer exclusively hereditary, but it often is in practice and the economic externalities and ethical considerations are minimally different.
  - tomrod 5y ago
    > Today’s landlords are descended from a long line of landlords, lords, warlords, and eventually just assholes who said, “get off this piece of earth or I will murder you, it’s mine now.” What prevents anyone from being a landlord? If it's capital, what prevents someone from seeking capital?
- bluGill 5y ago
  Renters are in general far less likely to vote. Many cities have higher property tax in areas with a lot of renters because the few people who vote in that neighborhood are no longer enough to matter to politicians. Even when they do vote, few renters see how property taxes turn into higher rent (though even for an economists this is tricky as supply and demand are important factors in rent)
newsclues 5y ago
https://m.youtube.com/watch?v=Ghx0sq_gXK4 https://m.youtube.com/watch?v=Ghx0sq_gXK4 Techno feudalism

JumpCrisscross 5y ago

> system is called feudalism Peasants didn't vote for their lords. Somehow California's poor and renters have been convinced that building less housing is in their interests. (For example, see [1].) [1] https://news.ycombinator.com/item?id=29419007 https://news.ycombinator.com/item?id=29419007

AtlasBarfed 5y ago
There are no poor people in America, merely temporarily embarrassed millionaires. A sufficient number of poor voters (the young likely) think they will hit the lottery and don't want the system closed to them. By the time you realize the racket, the next generation comes along to be sold the big lie.
ethanbond 5y ago
Landlords (look at the word!) are not elected. Building more loosens their grip, and yes it’s counterproductive to go against that, but also land is de facto finite. Today’s landlords are descended from a long line of landlords, lords, warlords, and eventually just assholes who said, “get off this piece of earth or I will murder you, it’s mine now.” Of course this lineage is no longer exclusively hereditary, but it often is in practice and the economic externalities and ethical considerations are minimally different.
- tomrod 5y ago
  > Today’s landlords are descended from a long line of landlords, lords, warlords, and eventually just assholes who said, “get off this piece of earth or I will murder you, it’s mine now.” What prevents anyone from being a landlord? If it's capital, what prevents someone from seeking capital?
bluGill 5y ago
Renters are in general far less likely to vote. Many cities have higher property tax in areas with a lot of renters because the few people who vote in that neighborhood are no longer enough to matter to politicians. Even when they do vote, few renters see how property taxes turn into higher rent (though even for an economists this is tricky as supply and demand are important factors in rent)

newsclues 5y ago

https://m.youtube.com/watch?v=Ghx0sq_gXK4 https://m.youtube.com/watch?v=Ghx0sq_gXK4 Techno feudalism