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Iffykindofguy t1_j73twuk wrote

Reply to comment by Frumpagumpus in Future of The Lower and Middle Class Post-Singularity, and Why You Should Worry. by ttylyl

I dont mind living under someone, a government is required. Its the only means of fighting the rich anyone has.

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Frumpagumpus t1_j73usci wrote

governments are usually filled with people of a richer persuasion, certainly it would be weird i think if they gave themselves a worse deal than their populace

I also think, to re hash a previous argument on this forum, that rich peoples wealth is somewhat overstated, it mostly manifests in the form of equity which represents control over productive assets rather than some physical wealth you could actually use to sustain yourself if you were to take it from them piecemeal and break up their companies

but I am very strongly opposed to land wealth, which is a large portion of the book value of companies and probably the single largest portion of said value of any particular kind of asset.

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Iffykindofguy t1_j73v4k0 wrote

Usually but we are working on that. If the GOP wins all three next cycle its over though. Why would they give themselves a worse deal than their populace? Who said they would? Dont do that, its so embarrassing when people don't have a reasonable response so they have to pretend like the other persons acting extreme. They can retain their wealth and spend a little bit of it to keep the masses from turning on them. You are delusional if you think land matters more than the wealth the 1% controls right now. Short of total world wide societal collapse those days are gone.

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Frumpagumpus t1_j73xquv wrote

some wealth is justly earned, land wealth is like 99% unearned.

also like I said a plurality of their wealth is in fact land wealth when you get down to the assets behind all the various financial instruments, most loans are mortgages, student loans are quickly transformed into college campuses, even auto loans basically exist to prop up sprawl. And the remaining kind, gov debt, is in part collateralized by public lands. (and all currency comes from said debt)

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