BILLIONAIRE HEDGE-FUND MANAGER WARNS A “REVOLUTION” IS COMIN

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I'm aware that expropriation is expropriation and I'm not opposed to it being used as one of the tools in addressing the issue. Mere expropriation is much kinder than how some societies have dealt with the problem.

Where does state seizure of private property end?

My entire life savings are in real estate. Why can't I just burn houses down if they're going to be seized or why can't I burn other people's houses down. The moral line against property crime gets very blurred pretty quickly if such large amounts of money can be taken.

A nice snide little dig at me too.

It's not really a dig to point out that people resent being exploited and that systems that failure to adequately implement reform can ultimately result in much more radical movements taking hold.

there seems to be a bit of a disconnect here using the word "working class" - lower working class is living paycheck-to-paycheck and barely above underclass, everything better than that is just UPPER-working class or lower middle class. people whose paychecks [multiple jobs are common among the working class] don't quite stretch to the end of the month, cannot be expected to get anywhere near a house purchase.

DELINEATION OF SOCIO-ECONOMIC CLASS
*underclass/lower-working-class= people under the socio-economic radar, IOW folk who are homeless/living with friends, living in some kind of shelter for people down on their luck, in DSHS-subsidized housing, on welfare or disability pension or with sporadic unskilled employment- generally struggling on the margins, with pervasive poverty of income as well as in ready access to cultural amenities.

*upper working class/lower middle class= semi-skilled worker bees in general- tradesman, janitors, mechanics, repairmen, sanitation workers, enlisted military members, aides of various stripes [home health/nursing/teachers' aides], LPNs, assembly-line workers, phone bank workers, sub-GS-09 civil servants, most salespeople- you get the picture. usually below 6-figure income. some of these folk have college degrees but they are not profiting from having them. most are "getting by" and some really are lower-middle-class in that they are fairly comfortable [with quasi-middle-class lifestyles such as the house and 2 cars], albeit with many dual-income families.

*the middle-middle class= working class folk [some with college degrees applicable to their field of work] who did exceptionally well [like successful commissioned salespeople], bachelors-level teachers and professors, social workers, RNs, supervisors of various stripes, semi-professionals such as specialist hospital technicians and journeyman tradesmen, military officers, post-GS-09 civil servants, small business people [mom and pop operation, for example], most professional musicians, and the like. the luckier/exceptionally talented among these folk may have incomes somewhat above $100k.

*upper-middle-class= professional class- people with professional/advanced university degrees/fellowships- doctors, lawyers, engineers of various stripes, especially those with a few decades in [with their student loans all paid off], administrators of various stripes, established [large-firm] business people, midlevel government officials, masters/doctoral-level educators. mostly 6-figure income.

*upperclass/overclass [leisure class]= show business/entertainment, artists with wealthy patrons, trust fund swells, rich families [old money], people who hit the jackpot in general [new money], government and corporate bigwigs - know what i mean? mostly well-educated, with university degrees the social rule rather than the exception. usually 6-figure [and above] income.

tax increases on the rich, or pitchforks.

There are several working classes but in rural areas houses can go for so little it makes me wonder why houses going for 50k have so much trouble selling. In some areas near me houses can sell for prices you would expect in the 1980s and they still rot on the market for many, many months.

I think part of the problem is the centralisation of the jobs market. Going or gone is the desire for a lot of the blue collar jobs away from the big cities. The world of work is increasingly office orientated and city living is glamourised. Many people depend on city living as they never bothered to get a driving licence of any sort and a lot of low end clerical jobs are moving near or into them.

Once homogeneous housing and employment in across the western world is being replaced with questionable employment in metropolitan areas with a captive audience.

It's not really much of a surprise houses are unaffordable in those areas. "Rural rout" seems to be a trend across the entire developed nation where vast amounts of housing stock outside of big cities are never bought by home owners who want to settle and are is just rented as a stop gap. In countries with less of an emphasis on city living houses are actually pretty affordable.

Last edited by Nades on 26 Jan 2022, 9:54 pm, edited 1 time in total.

People seem to be letting themselves get exploited most of the time.

If someone doesn't like house prices they should probably move somewhere cheaper or better yet, create jobs in those areas.

some questions, por favor- how does a person living paycheck to paycheck scratch together the extra money to move somewhere else? a bigger question- how does one create a job?

Social structures allow people to be exploited and than the exploiters insist they're actually doing the people they exploit a favour.

Social systems are often not made by exploiters. It's often bumbling ineptitude by an entire population sleep walking into problems.

It was obvious a supply and demand issue for housing was going to happen after an increasing number of the population turns their back on large swathes of housing stocks away from the coveted cities.

How did they move somewhere in the first place living paycheck to paycheck?

First by making sure they have a half decent job before leaving their parents house. Not enough people do that these days.

Secondly skilling up. If someone is living paycheck to paycheck their skill sets are probably dire. Being self employed as literally anything is better than working shifts on a coffee shop. Even learning plastering is quick to learn and profitable with plenty of work.

circumstances don't allow very many lower-working class to "upskill." the only thing that enabled it for me was being forced to join the military. not everybody can take that route.

This is one of those areas where I part with the left economically, as it almost feels more like an emotional argument when landlords come up, and I can never get a straight answer about who is going to build and maintain housing if not the private market, as everyone has seen what government housing looks like and doesn't want that.

What about some sort of co-op model?

We have some here. Not a ton, but there are some and there could be a lot more.

https://www.chf.bc.ca/faqs/

^There’s a link within that bc specific site to an international co-op association website. Seems there are co-ops following similar guidelines around the world.

The landlords follow the model that the beareucrats are using .... the situations are much more dire than what is portrayed here . Property owners are forced to raise rents, because Police feel no need to do their job. ( am not pro law enforcement btw) they are public servants . Least amount of effort for most income.Property crimes come on the lowest of their interests to deal with.
So inner city folk and even suburbs now . Are rife with low level crime. It is a fact of the way the city councils want things. And the predominance of the unemployed and or persons with no interest in bettering themselves in favour of possible addictions or their affiliations, with others including gangs .
The real estate people have no interest in sustainability of neighbourhoods , their interest is selling for the highest amount of money. Or attracting unsustainable property development , which temporarily increases jobs in that area. But usually will increase rental units in that area .
increasing density of population . (This does not address dingle family unit sales.) Affording more opportunities for criminals and potential unemployment. With unaffordable temporary housing . NOW after all that the businesses and markets in the area experiences constant low level crimes . shoplifting etc. Leave that area, which i have seen repeatedly . Making that area a food desert for all , but gas stations/ quicky marts .
Which have greater profit and lower overhead . And sell nothing but unhealthy food and alchohol.
Affecting the entire health of the population of that area. . Personally have tried to start a garden , In my own area only to have it vandalized or destroyed by animals usually both. Which Animal control do not or are unwilling to address . They are now under control of animal rights business.
So nothing is done .These animal procreation is totally unregulated.And well as stray household pets. The model the lower level city gov. are creating situations that are impossible to grow out of, much less sustain. So there is no escape for most of those socio-economic classes of people .

what socio economic class takes the time to bus themselves , out of the inner city , to the suburbs
to panhandle a easier more suseptible public . Then at the end of the rush hour they leave their freeway offramp in the suburb and ride back into the inner city to their encampment or where ever they go. Was informed of this dilemma by a local Police Officer . And witnessed at the offramps near my dwelling . On a daily basis . For years now. Coincidentally a liqour store on the very nearby corner . And a Quicky mart too.
Oddly enough rarely do i see them on holidays , People with their hair cut nicely and sometimes new tennis shoes. but well tanned and clean shaven. Or a days beard growth, but generally shabby clothes but not always. Rarely do i see genuinely hard on their luck looking people .