Remember the stories of old (I mean really old), where a travelling salesman, working long and hard, could raise himself up to become a virtual merchant king? In the economy of those ancient times, all it took was hard work and innovation. Not everyone had that mindset, so it was more rare than not.
Today? Because of endless taxes, inflation, economic hardships, and outright corporate and government theft, the modern man must work their asses off just to put food on the table. Only the geniuses, or those born into the elite families, can enjoy the equivalent of merchant king status.
BUT–
What if the economy was corrected? What if taxes were eliminated? What if the corporate and government crooks were all jailed?
The answer: the average hard-working Joe like you and me, so used to breaking our backs just to survive, could apply those skills in the new economy and reach merchant king status almost before we knew it. Imagine working hard for maybe seven or ten years and then doing no more than managing our massive wealth and devoting our minds to creative and innovative thinking?
We would rise so high and so fast that the elites would quickly become the equivalent of pack mules, left behind in our dust, irrelevant. That's why they can't allow this to happen. That's one of the major reasons they're quaking in their gold-framed beds at night.
It's an nice thought I wanted to share.
I don't know if we'd live like kings, but we'd probably definitely be a lot better off than we are now.
What's weird to me is how housing prices are so insanely high. Normally you'd think there would be some cap of what the ordinary person could reasonably pay to own a house. You could expect some amount of speculation, normal competition and some foreign buyers to drive up prices in hot spot areas.
But now? It seems like houses are being pushed up waaaay beyond what anyone could reasonably afford. Same thing with pretty much every other asset. We don't need to live like kings, but I would like to be in a place where both parents aren't working 80 hours a week to keep the lights on.
Part of that is probably because companies like Blackrock will be the only ones able to afford those homes so that they can rent them out and make a new feudal system.
^This. It's all by design!