this post was submitted on 26 Jun 2024
1214 points (97.7% liked)
Memes
45180 readers
1452 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Too broad. Wealth hoarder describes everyone with a mortgage as well as grandma Sally and her pension plan. Anyone who saves for retirement is a wealth hoarder.
It's not hoarding if it's only a little. Everyone who actually earned it themselves through wage labor is not hoarding.
There are millions of people in the U.S. whose wealth comes from the increase in the property value of their family home. This is unearned wealth.
Of course, you’ll have a hard time convincing most people of that last bit. Which is why billionaires are the more popular enemy rather than the middle class.
What if you just save money for retirement, not property?
You mean by investing the stock market? Or literal cash under the mattress?
Literal cash under mattress
Why not do that? Because of inflation, you lose money doing that. It’s the last resort of someone who has no other options for saving their money, such as low level drug dealers.
And I fucking hate it. It just incentivizes not allowing more housing for those that need it because MuH PrOpErTy VaLuE!!
Fucking greed everywhere...