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were medieval peasants who owned a sliver of land aristocracy? According to you it sounds like it. I find the whole concept of "aristocracy" as applied to the
by yummyfajitas 12y ago
were medieval peasants who owned a sliver of land aristocracy? According to you it sounds like it.
I find the whole concept of "aristocracy" as applied to the US nonsensical.
Aristocracy is a form of government (rule by "the best"), and we simply don't have it. The fact that your mortgage payments go to a servicer who funnels it to a CDO who funnels it to Calpers doesn't mean that members of Calpers are aristocratic rulers of the US.
And let me remind you that the mortgage holders don't necessarily own any land.
- crdoconnor 12y ago>I find the whole concept of "aristocracy" as applied to the US nonsensical. Of course you do. >Aristocracy is a form of government (rule by "the best"), and we simply don't have it. The fact that your mortgage payments go to a servicer who funnels it to a CDO who funnels it to Calpers doesn't mean that members of Calpers are aristocratic rulers of the US. Nope, the fact that the 1% own vastly more than Calpers or any other pension fund does mean that, though.