Quote (murder567 @ Oct 20 2017 11:06am)
Real estate is expensive and lucrative because people want it, there is a large demand.
The rich really don't need the poor, especially as automation gets bigger and better.
Walmart succeeded because the poor want to pay less for things with no regard to how this effects the local economy.
Bill Gates isn't the end-all-be-all of computers, there are actually still TONS of computer startups - even today!
Elon Musk is a billionaire because of government subsidies, no other reason - his companies don't make money.
Disclaimer: I do not worship the rich and I do not think the poor are low lives.
Real estate is a shitshow because of the rich developers, they have speculated so much in my country that buying a home is out of the question for most young people here.
It is a fact that negative gearing has inflated our housing market to the point where the average person is far better off without the rich around.
Real estate developers do stuff all of benefit to society, they buy nice homes and tear them down to put up shitty apartments then over price the shit out of them, our rent cost here is probably more than your cost to buy in most places outside new york.
Elon musk deserves to be wealthy though, because he actually does greatly benefit society, which should be the only reason corporations are allowed to exist.
Though if you think telsa is a bad investment you are mistaken, long term they will be the biggest company on earth.
This post was edited by Plaguefear on Oct 19 2017 06:22pm