:) where is the competition in SF to stop landlords from ever increasing rents?
Thought experiment: If we redistributed all the liquid capital that currently exists, one year later the people who own infrastructure will end up the 1% again.
You can see this through some basic economics. People have more money, they are willing to spend more money. Meanwhile, supply remains constant. What happens? Prices go up.
Everyone has to eat, everyone has to buy medicine, everyone needs to sleep, everyone needs the internet. Everyone “needs” to gamble. The people who own that infrastructure would be the richest again.
Thought experiment: If we redistributed all the liquid capital that currently exists, one year later the people who own infrastructure will end up the 1% again.
You can see this through some basic economics. People have more money, they are willing to spend more money. Meanwhile, supply remains constant. What happens? Prices go up.
Everyone has to eat, everyone has to buy medicine, everyone needs to sleep, everyone needs the internet. Everyone “needs” to gamble. The people who own that infrastructure would be the richest again.