It is impossible to defend democratic rights or any of the social interests of working people without seizing the unearned wealth of the billionaire parasites.
The billionaire fortunes pale in comparison to the trillions of dollars of unearned appreciation owned by regular home owners.
It’s the unearned part that matters most, at least capital investment has some benefit to the economy. Real estate appreciation adds literally zero value to the economy.
By Purchasing up and holding the supply empty, artificially creating the housing crisis by lobbying against affordable housing construction and exploiting the rent economy of our cities. The rich are outcompeting us for resources.
Bollocks, billionaire propaganda. Less that 3,000 people collectively control more than 90% of the World’s wealth. It doesn’t pale in comparison to anything. You’re just a bootlicker, or contrarian, makes no difference. You’re still wrong.
What am I wrong about? You think the equity held by private honeowners is worth more than an infinite line of credit from JP Morgan and Chase Bank? You’re a moron.
No, you’re not the problem there. The problem in your scenario is the landlords buying up all available real estate and leasing it back. Not you.
That million dollar gain has no actual value to you. You can’t get that money out of the house, because you’ll need to spend it to acquire new housing.
And in the meantime, your tax payments are going to increase: you’re a victim of corporate investment in the housing market, not a perpetrator.
Capital investment strips wealth out of the worker/consumer economy (where it is traded for goods and services, and becomes someone’s paycheck) and transfers it to the securities market (where it is used to convert worker productivity into more capital)
Capital investment is only beneficial to the economy when the working class holds the capital.
Your observation is only true where the working class controls the capital. Your point would be well taken if we all had significant shares providing passive income. Buy not even the wealthiest of the working class controls a share of capital proportionate to their productive output.
The worst injustices injustices in history have been perpetrated by oligarchs of some shape or another. We are in the middle of such an era now.
You got me. My being in debt to a bank for rest of my life is worse than anything Bill Gates has ever done on Epstein’s plane. I’m doubly guilty because I have kids, can you imagine how much unrealized wealth they represent?
The billionaire fortunes pale in comparison to the trillions of dollars of unearned appreciation owned by regular home owners.
It’s the unearned part that matters most, at least capital investment has some benefit to the economy. Real estate appreciation adds literally zero value to the economy.
Yes, let’s be mad at each other instead of the people creating the extractive markets
By Purchasing up and holding the supply empty, artificially creating the housing crisis by lobbying against affordable housing construction and exploiting the rent economy of our cities. The rich are outcompeting us for resources.
What do regular home owners have to do with it? Most regular home owners only own one home.
No one mentioned regular home owners. Why are you making devisive comments not related to any point that were made?
Yes they did.
You’ll notice it wasn’t me though, so why am I being asked what somebody I’m actively disagreeing with means by “regular homeowners”?
Bollocks, billionaire propaganda. Less that 3,000 people collectively control more than 90% of the World’s wealth. It doesn’t pale in comparison to anything. You’re just a bootlicker, or contrarian, makes no difference. You’re still wrong.
Reading comprehension is not your strong suit. Practice more.
What am I wrong about? You think the equity held by private honeowners is worth more than an infinite line of credit from JP Morgan and Chase Bank? You’re a moron.
What the actual fuck are you talking about?
I’ve made a million dollars in appreciation on my home in the last 15 years.
Are you telling me just because I own one home, that I’m not part of the problem?
No, you’re not the problem there. The problem in your scenario is the landlords buying up all available real estate and leasing it back. Not you.
That million dollar gain has no actual value to you. You can’t get that money out of the house, because you’ll need to spend it to acquire new housing.
And in the meantime, your tax payments are going to increase: you’re a victim of corporate investment in the housing market, not a perpetrator.
Correct. I’m telling you that individuals owning a single home aren’t part of the problem.
Individuals voting to keep the value of their home from dropping down to reasonable levels ARE the problem. That’s almost all home owners.
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Capital investment strips wealth out of the worker/consumer economy (where it is traded for goods and services, and becomes someone’s paycheck) and transfers it to the securities market (where it is used to convert worker productivity into more capital)
Capital investment is only beneficial to the economy when the working class holds the capital.
That’s observablt false. Capitalism has lead to a massive improvement in living conditions for countries that have implemented it
Yes it also has downsides, but pretending it doesn’t do anything good is rediculous.
You sound like Marx just before he recommends transitioning to socialism as the next logical stage of human development.
I still think that regulated capitalism works best for certain industries, and socialism works best for others.
It doesn’t have to be an all or nothing choice.
That’s dangerously close to Reaganomics friend and we live in a post-capitalism world.
Your observation is only true where the working class controls the capital. Your point would be well taken if we all had significant shares providing passive income. Buy not even the wealthiest of the working class controls a share of capital proportionate to their productive output.
The worst injustices injustices in history have been perpetrated by oligarchs of some shape or another. We are in the middle of such an era now.
And the word is “ridiculous”.
You got me. My being in debt to a bank for rest of my life is worse than anything Bill Gates has ever done on Epstein’s plane. I’m doubly guilty because I have kids, can you imagine how much unrealized wealth they represent?
Today, on lists of things NOBODY said ITT