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Iffykindofguy t1_j73v4k0 wrote

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

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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