this post was submitted on 22 Apr 2024
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A Boring Dystopia
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No it's not.
https://create.umn.edu/wp-content/uploads/2020/02/Real-Estate-Speculation.pdf
That's what banks are for.
This is a load of nonsense. People already use money to store their wealth.
Coops haven't taken off because it is in the financial interest of the owning class to maintain the status quo. They do everything in their power to buy up every property they can, and to influence the law to keep their business in power.
The problem is systematic, it requires a fundamental change to the structure of our economy.
I guess you never heard about a savings account or corporate greed, must be nice to be that privileged.
Mine does, at least, actual inflation.
The fake inflation that is just corporate greed is something that can never be outpaced by anything, not even housing as an investment which just makes your point double moot.
The solution is to put an end to the current economic system. It's not serving me or you. It's just stealing from us:
https://www.epi.org/productivity-pay-gap/
This is only one of the many ways in which the rich steal from us. Believe me, I fucking get that part.
Will do. You should look more into non market housing and co-ops though.
And why does monetary debasement happen? you use it like it's just something some evil person did to harm you. when in reality it's a necessity to counteract wealth hoarding.
The Libertarian fever dream of a society without inflation, or straight up wealth taxation can only lead to the creating of a new aristocratic dictatorship, because eventually a small group of people would own everything, literally recreating feudalism.
now that is entirely your fault for not being part of a union, the magic thing that actually got the working man everything he has, literally. and no, inflation hits the wealthy the hardest because they have more actual savings, it affects you heavily because you are a good little drone and drank the liberal coolaid.
what is the alternative in a world where people can amass money without anything reducing the real value of said wealth? Entire cities owned by one person?
I'm unionized, why aren't you? it doesn't make me privileged to not drink libertarian coolaid.
no one's stopping you, you think that unions just appeared out of nowhere like some natural resource?
not really, but honestly, most Americans were completely implicit in killing off the unions, you are a victim of your own doing, but hey, if I'm rich just because I work as a cashier at a store that has a union, then you need to really reevaluate your standards.
PS: there is a reason the rich pay millions to pump out propaganda about "muh evil inflation", because unlike you, they do have class consciousness, ironically