points by dukeyukey 1 day ago | 0 comments
If Bill Gates offers megamoney for farmland, and Alex Karp offers megamoney for lumber, then it encourages the creation of more farmland and lumber.
[–] modo_mario 1 day ago
Just to be sure. Are you being sarcastic?
But everyone else can’t afford basic necessities or furniture anymore. And so being a farmer or a woodworker or whatever becomes a less attractive job, less people will do it, and you will have a harder time finding someone fixing your plumbing. Or pay a premium.
Instead, the ultra-wealthy are demanding extreme luxury, and so a would-be farmer is now a hotel page boy carrying around some rich dudes’ luggage, hoping for a tip.