this post was submitted on 24 May 2026
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Work Reform

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[–] tburkhol@slrpnk.net 5 points 11 hours ago

For most of our history, real estate was wealth. You needed property to grow crops, mine resources, build a factory, or do any kind of venture that would make money. It's only in the 20th century that we really start having a significant amount of wealth in stock markets that couldn't be directly traced to a physical asset. The robber barons figured that was a good excuse to stop taxing their wealth.