> <i>people who love money will not stop until they are stopped.</i><p>Define “stopped” in this context.<p>Never mind that the author incessantly links to himself.. What suggestions does he offer?<p>We’re on the road to serfdom. Great. Cool. What do?
Right out of the gate it makes this claim:<p>> That investors are extractive parasites who weaponize capital to passively extract wealth from the contributor class.<p>I’m reminded of David Friedman’s explanation as to why this isn’t the case:<p>> Marx argued as follows: Goods are produced by workers using tools (machines, factories, and so forth). The tools were themselves made by earlier workers. All production is done by workers, either current workers or past workers. But the capitalist claims some of the return from the production. His justification is that he has provided the tools; this is invalid since the tools were actually produced by previous workers. The capitalist who, having contributed nothing to production, takes part of the product is obviously stealing from—exploiting—the real producers, the workers. The trouble with this argument is that it does not recognize that paying for tools today and waiting for years to get the money back is itself a productive activity and that the interest earned by capital is the corresponding payment.<p>It’s the same for mortgages and renting. If we banned renting and required people to purchase their shelter with 100% cash (no loans), people would live in much worse homes (or be homeless). The investors provide the capital to build the homes much sooner than they otherwise would be, then wait decades before recouping their costs. They also assume quite a bit of risk. A lot can go wrong before they make their money back.
Billionaires don't involve in day-to-day operations of their home office. Here, the investment gurus hired by Bezos make decisions. In other words, Bezos' home office does what any other wall street MBA does.
Haha, you can't do that unless we refuse to build other houses. We could also keep property taxes really low so Jeff Bezos would find it easy to hold the houses. We're a very pro-Jeff-Bezos country.
You bought from Amazon, you signed up for Amazon Prime, you made it happen. Consumers who support concentrations of wealth reap what they sow. Better to distribute your money more locally and to more providers than focus it one place far away. But sorta too late now.