The idea is to change incentive structures around specific types of assets, not to raise money. The idea of rent-collecting landed gentry is economically devast

The idea is to change incentive structures around specific types of assets, not to raise money. The idea of rent-collecting landed gentry is economically devastating. Adam Smith wrote extensively about the outcomes, and that is a natural path for economies to take. Wealth consolidates, buys landed, and becomes an informal nobility who collects land and does no work. At some point, it spirals, as rents lets real estate investors buy more land. Put another way: If I have $1B, and I buy $1B of land, that creates no value, and raises prices for everyone. If I have $1B and I start or fund a company which produces a new medical device, computer, or car, I've created massive economic value, both in the inputs (hiring people) and outputs (new technology). Land is also a scarce resource we all need to share fairly (for whatever 'fairly' means). If you have more, everyone else has less. On the other hand, if you're investing in making movies, I can make my own movies too. There is no fundamental limit to that sort of economic growth.