>billionaire gets rich>wtf do i do with all this money>i know, ill invest in assets that provide a return>damn i bought all the assets, theres nothing left to buy>all these assets are so expensive because the free supply went down>house prices hit record highs for the nth year in a rowI dont know how anyone can disagree with Gary Stevenson. Nobody can buy $400b worth of steaks. The only thing they can actually spend their money on is assets. This is why the stock market is still ripping despite a clear recession.
>>541076614ok, stop importing people and printing money>nooo we can't, but also, its actually the capitalists that! Not us!He's a retard and follwed by retards
>>541076614>The only thing they can actually spend their money on is assetsYou can spend it on power.
>>541076614You and Gary won't stop the inflationary spending and mass immigration that is causing that. So eat shit and die.
>>541076614billionaires get rich from owning assets, they don't get $1 billion in cash and then decide to start buying assets.we already tried wealth taxes in europe, and now almost no country uses them. there are good reasons as to why.
The problem is that we have utlra wealthy people to begin with. If we didn't then there wouldn't be the same levels of inflation in asset prices.
>>541077075>If we didn't then there wouldn't be the same levels of inflation in asset prices.yes there would. what is your logic for saying this?if anything you have it backwards. massive inflation of goods and assets has caused the ultra wealthy
>>541076614My brother just bought a 325k house that the owner is selling at a loss, the owner bought at 385k in 2022
>>541076927>billionaires get rich from owning assetsTrue, but the average dude will never be well off without, thus the idea of a home as a real estate assent and retirement as stock market assets. The middle class used to be well off based on the value of their labor, now that labor is nearly worthless without being turned into assets and growing in a market for 20-30 years. This of course does not really work out for most.
you can spend it on improving your surroundings
>>541077340that is more a consequence of globalisation causing wages to not keep up with inflation and women in the workforce, which basically doubled prices of houses.also productivity slowed down
>>541076927>billionaires get rich from owning assets, they don't get $1 billion in cash and then decide to start buying assets.That's true, they own stock in their own company. In order to diversify they sell off a little bit of their stock and buy other asset classes. They dont want to go down with the ship.
Houses are a shit investment tho
>>541076927the only reason is the politicians were paid off to repeal the wealth taxes
>>541077591total cost of Gate's land is around $2 billion. that is like 0.06% of all U.S. farmland by value.billionaires buying a few billion $ worth of assets here and there is not what is making assets expensive. it sounds like a lot, but it's not.
>>541077780no, it's because rich people can just move their money to a country that won't tax-rape them, and also it's fucking impossible to determine how much private companies are worth, and counter-productive to force business owners to sell off their productive assets in order to fund lazy people's lifestyles.
>>541077509carnegie and rockefeller tried this and they got niggers killing women on subways instead
>>541077591You do realize there's nothing stopping you from getting a job and investing yourself, right?
>>541076769Ty for exhaustively typing out my reply
>>541076614>The only thing they can actually spend their money on is assetsFucking duh. Their assets are worth billions. They don’t have a giant safe full of billions of dollars that they swim around in like Scrooge McDuck. Holy shit poor people have zero understanding of wealth.
>>541077970>Be Andrew Carnegie>Build beautiful library>Niggers.exeYou guys reckon if some billionaire built a new library there it would be better cared for this time?
>>541078070If I was a billionaire I’d have a Scrooge McDuck pool full of cash. Wtf not?
>>541077824Bill gates is one single person (family). Apply that logic across the entire top 1%, you will see they collectively own a large portion of the economy. Bernie tried to warn us 10 years ago and we didnt listen.>>541077984I do both of those things
>>541077970Sure but people remember them more fondly than the ones who didn'tand what else is money good for when you're dead but for making people remember you?
>>541078295I’ll always remember Bill Gates as a guy who got the clap from some Epstein associated whore and no number of subways, libraries, airports or national monuments will change that.
>>541076614>puts on smart kid from wrong side of tracks mask>grab pen cause they write stuff and make me look smart>twirl it instead>address "fellow" poors>talk nonsenseThe Gary
>>541077921Well said.
>>541077921real assets are wealth, not money. and they didn't put on capital constraints, that's not the fault of wealth taxes but failure to enforce. russia proved that full irrevocable confiscation of all assets within a country is possible, sending billionaires packing with barely their own clothing and toiletries. eurocrats repealed wealth taxes because they were asked and paid to
>>541078238>Bill gates is one single person (family). Apply that logic across the entire top 1%, you will see they collectively own a large portion of the economy. Bernie tried to warn us 10 years ago and we didnt listen.that graph is dumb. they're counting stuff like tesla and nvidia as 'american wealth' - of course that is concentrated. houses and land, however, are not.
>>541078773>russia proved that full irrevocable confiscation of all assets within a country is possible, sending billionaires packing with barely their own clothing and toiletries.not at all. they kept most oligarchs on side, because they needed to and stole/took back assets from the ones who betrayed their unspoken pact.look at most wealthy russians today. their assets are NOT in russia, but in dubai, cyprus or the Caribbean. the only assets they keep in russia are ones they physically cannot move (banks and heavy industry)wealth taxes are not just bad for billionaires. they are bad for the SME owner who has to figure out how much his private company is 'worth' and then sell off portions of it, so that the government can spend it on food stamps for somalians
>>541076614Gary is a fucking retard, even in his own documentary he got BTFO by half the people he interviewed
>>541076614why do they have to buy anything?
>>541076614>I dont know how anyone can disagree with Gary Stevenson.Because he completely ignores the fact all of this new money was printed by central banks in the first place.Yet he fucking SUPPORTS central banks.There would be DEFLATION and falling prices for homes and stocks in a free market with no central bank.All leftists do this shit which is why they are our enemies and should be mocked.
>>541076914>>541076769This.Leftists SUPPORT inflation.They support printing quadrillions and giving it to elon musk while the wages and savings of the workers stagnate.
>>541077075You are putting the cart before the horse.Super rich people only exist BECAUSE of the money printing.
>>541079331>abolish inflationyou must be 18 to post here
>>541077286The house is made out of sail cloth.
>>541079452>this thing that literally happened for a large portion of the 1800s during the industrial revolution in america is literally impossible, because....uh is just is okay!!??!
>>541078238Most of this wealth is an illusion.If you liquidated all of their wealth it wouldn't increase your material conditions, retard.
>>541076861This you can just create aipac 2.0 and fund politics for your gain like how musk did to become a trillionaire
>>541079547>1800sthat was pre-gold standard and modern debt-addiction. it could not be done today.
>>541079390Lemme guess we need to use gold again?
>>541079975*pre leaving gold standard
>>541079997Free market banking, but yeah gold would probably be money.thats why its going up so much Libertarians were right in the end and you're going to find out FAST when the US dollar dies
>>541079975>it could not be done today.It's going to have to be done when the US dollar loses reserve status.The world will go back to the gold standard and it will happen in my lifetime. Just watch.watch the price of gold
>>541076861Buying power is surprisingly cheap though. You can buy most politicians for a couple thousand
>>541079997getting rid of fractional reserve banking would be a good start, yesgold is a means, not an end
>>541079997Gold is mostly owned by the banks that are printing fiat.No, the key problem is the very existence of private banks.
>>541080470So you think everyone should be forced to store their money in their homes and actually use physical gold to trade with? lol lmao even
>>541080470The concept of banking is very nearly as old as currency itself.
>>541080726Yes, and nothing pissed off the cabal of private bankers than the fact that for many years America (pre and post revolution) had government run central banking and managed currency.
>>541079520No it's actually a cement block house that's withstood 12 hurricanes
>>541076769>its importing people thats making groceries go uplmao
>>541082970>he thinks 5 appples can feed 5 poepls so 5 apples can feed 50 people toohilarious how your religion is entirely based around ecnomic theory, but you can't grasp even the most basic economic concepts like supply and demand
>>541083077nigga we the third largest producer of apples in the world. we got so many fuckin apples we EXPORT more apples than 170 countries produce. we got fuckin apples comin outta every orifice like a fuckin applesauce orgy.and your trying to tell me appless are more expensive because of some fuckin foreigners, and not some executive squeezing blood form a stone? fuck you lmao.
>>541080234>>541080343>>541080470Read file name
>>541084133Ok why are you complaining about groceries if you have infinite apples?
Why don't we just kill billionares and take their money?
>>541084687because despite having more fucking apples then ever before, apparently they need to be more expensive. holy hell dipshit, this is who is saying i dont understand supply and demand? what part of "more supply then literally 170 other fucking countries" do you not understand
>>541085343bahahaha that's exectly my point, but you are too dense to understand that billionairse are NOT MAGICAL, they use systems to fuck us over and 2 of those systems are mass immigration and money printing, but here you are defending both like a little bitch boy, just like the faggot in the OPIf you are not going to attack the systems they use, you are impotent, there are other sytems they use as well which I am sure you will have an aneurysm trying to defend as well if I mentioned them
>>541085516>lets raise prices>no, we need a few immigrants first>wh-why?>dunno apparently you need to do that before just raising priceslmao
>>541085714oh you commies, you think everything is magic, that's why you are so easy for them to use
>>541085751not me magically assuming that apparently immigrants have anything to do with the price of apples lmao
>>541076614You don't have to just buy the assets like you were collecting stamps or coins or something. You can also try to IMPROVE things.
>>541085855increasing the number of people while producing the same amount of goods drives up prices my guy, that's not magic, you ">>we<< WiLL jUsT rAiSe PrIceS" whoever the magical "we" is.
>>541076769Ok but in my country we elected blumpf and the importations are continuing, so what now?
>>541086114There is no political soiution.
