this post was submitted on 08 Mar 2025
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A Boring Dystopia
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What? Your comment doesn't make sense. If everyone did any profession solely we would destroy the economy. If everyone became doctors, there would be no engineers or pilots. We would still be doomed. A diversity of vocations are necessary regardless of which vocation.
*Edit. I was thinking maybe you mean investments. But the same holds true there. AND because of hedgefunds and private equity it's becoming more and more of all the money funneling into a handful of companies. All the economists are sounding alarm bells on this. But considering the direction our leaders are taking us, I think this is all part of the plan.
Landlording is not a profession.
Handyman is a profession. Real estate management is a profession. Landlording is simply siphoning money through the act of owning something.
The economy can tolerate a finite number of leaches before dying. We currently have too many. The ideal number is zero.
This actually applies to most all investments.
Which is why buybacks need to be illegal again, and dividends need to be regulated and taxed better baed on factors like how much the company benefits the community.
And employees need to be guaranteed a proportional cut too, ensuring that better performance and higher company earnings always means they earn more, and not that they get fired and the one who gets a bonus is some random CEO who only kept trying to push bad ideas the employees kept fighting all the time.