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by Ferret7446 976 days ago
Crucially, when they spend the money, it goes to someone else. Either they do nothing with it and the money is effectively scrap, or they spend the money for $1B in resource and give others the money which they can claim for $1B in resources.

Edit: money kind of represents a debt society owes to the individual. By owning the most money, it actually means that society is most indebted to them, or that they have loaned that many resources/value to society which has not yet been paid back, ironically enough.

1 comments

Further, resources decay. Land is taxed, bananas rot, cars rust. If you purchase $1B of actual hard assets with $0 left, you will not be able to maintain the upkeep. They will be spoiled or sold by the next year.
Comments seem to be from a parallel universe.

You buy $1bn of commercial real estate you get $100m/y to maintain the upkeep in rent. You will be able to get line of credit to cover you for unexpected expense.

Running a business requires continual effort, it's a different question than simply "owning resources."

You could do that of course. But then you probably don't actually own the resource directly. You probably own the company in the form of shares, similar to money, another tradable token.

You're certainly not using the real estate for yourself like the comment we were replying to was saying. Indeed, if it's being leased then it's probably being used entirely by others!