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[–] 4 points 10 months ago (12 children)

This is not true. A million dollars buys you a house, so basically cancels rent. But it does not feed you for life and lets you live without working.

There is a big difference between people who own a millon dollars in money and assets and those who have a million dollars in their checkings account.

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  • [–] 2 points 10 months ago (1 child)

    Of course, afaik almost no billionaire's money is liquid either, it's in properties and businesses and shit.

    Like I'm sure bezos has plenty liquid, but most of his billions is just a valuation of amazon/aws/whatever other shit he owns.

    Like, if we wanted to take all his money we'd have to completely liquidate amazon and aws, and his house etc, selling the assets off to whoever can afford it, it's not just breaking into his Scrooge McDuck vault full gold coins.

    Not that it's impossible, it just seems that many people don't realize this and think it is just the Scrooge McDuck vault.

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  • [–] -1 points 10 months ago* (last edited 10 months ago) (9 children)

    Then sell the house.

    Owning a house in a HCOL area is one of the luxuries I was talking about. Any million dollar asset is a luxury.

    There is a fundamental difference between working to survive and working because you don't want to move out of your NYC brownstone or further from lake como or whatever the fuck.

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  • [–] 6 points 10 months ago (4 children)

    I wouldn't say a house is a luxury. It is a necessity.

    Really the whole concept of renting is exploitative.

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  • [–] 4 points 10 months ago*

    I wouldn’t say a house is a luxury. It is a necessity.

    Depends on the house.

    Really the whole concept of renting is exploitative.

    Yes, commodifying necessities like housing (food, water, etc) is a fundamental means of exploiting people. Rent is just one aspect of a much larger pyramid scheme based on human deprivation.

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  • [–] 1 point 10 months ago (2 children)

    A house is a necessity, yes, but not a house in the middle of San Francisco or New York.

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  • [–] 3 points 10 months ago (3 children)
  • [–] 2 points 10 months ago* (last edited 10 months ago) (2 children)

    A bit further outside the HCOL area or a smaller dwelling, genius.

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