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    Paul Lalonde (flux@wandering.shop)'s status on Tuesday, 05-Nov-2024 05:31:17 JSTPaul LalondePaul Lalonde
    in reply to
    • Mx. Aria Stewart
    • Azuaron
    • Hrefna (DHC)
    • Lewis Cowles

    @hrefna @Azuaron @lewiscowles1986 @aredridel If the poor had any idea how much the rich had...
    When a rich person buys an asset without a loan they are just rearranging their balance sheet, not juggling their lifestyle. And yet that rearrangement winds up with them having the rents they can charge for the use of that asset.
    For me that's the line: do you get to rearrange your balance sheet to extract rents at no cost or risk to your ability to have all your needs met.

    In conversationabout 7 months ago from wandering.shoppermalink
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