AI wealth is creating a 'mansion shortage' upending San Francisco housing market
text.npr.org
3 threads
You pay $2 million to some ambitious someone and you get a serious chance (1-3%, still counts as a serious chance) to have some ostensible societal benefit. Get a factory made or some software written or something else done. You pay $2 million to the landholder, you get literally nothing done for society. Even the housebuilders have their businesses basically destroyed by default by the gigantic parasite leech of land sucking on every sale they make. That's Henry George's complaint, right there.
Let's forward this title to the Onion.