codingmyway
Joined 10 years ago
Joined 10 years ago
In a world where food is abundant (for now) that's what keeps everyone else poor. Limit their ability to become greedy landlords and they'll be forced to invest in real businesses and take risks.
This can be started on a local level and enforced easily by only allowing people who live in the homes or community trusts or government to own them.
If some billionaire owns 10 ferraris, has millions in offshore accounts and a super yacht why should anyone else care? It's not taking away from anyone and creates demand for luxuries that wouldn't otherwise exist and create jobs.
It became taboo and phased out or banned because of obvious conflicts of interest and incentives but if managed well to not enable those incentives it could make a come back.
So if you're a saver, this is the problem that bitcoin solves. A way for savers to protect themselves from being robbed by central bankers to bail out asset speculators.
Bitcoin is also easier to take with you when you relocate. Bitcoin is a weapon is the battle of savers vs debtors.