Real Estate prices will boom.
If you own property, you will win in a huge tax free windfall. You don't even have to buy any Bitcoin to appropriate any of it. And its all perfectly legal.
Sure, other things will boom such as corporate monopoly profits and big tech stocks. But these are derivative assets, also containing economic rent, only by virtue of the mother of all monopolies - private property in land at the foundations of every economy. Not only will these corporate monopolies only gain marginally, they represent a teeny weeny portion of the total stock of monopoly rents that will ultimately end up in real estate.
I hear you. You are thinking this guy is talking rubbish and why would you take any notice. He's not anyone you worship as a hero or celebrity?
Here's how. Its a simple to understand timeline of the effects of any new labour saving device and its effects on the distribution of wealth. It matters little how the tech is manifest. All the matters is that it increases productivity in general. Take AI for the latest expositition.
- A new labour saving device storms the world - called Bitcoin
- Economic productivity rises enormously thanks to the brilliant new tech
- A major new demand emerges for the best locations on which to produce this new wealth
- WAIT: But the supply of locations is fixed and already pricey
- To meet the demand, the rental value and selling price of these locations must rise to that extent, by natural market forces
- These new prices will flow out to the marginal sites, largely town and city locations, until its not worth extending further in the market
This is the simple workflow for the distribution of wealth at the inception of every new labour saving device in history.
If you own property, you will see your net worth increase concomitantly. A huge tax free windfall. While you sat around and 'smoked cigars'.
Do not worry about liquidity. That is perfectly available already from rentals. Or if you only own a single property, the additional imputed rent you now get from the greatly improved location value - your lifestyle will have improved anyway. While you watch the price rise at the same rate as the rental value. Double dipping.
In the UK alone there are 27 million households, a democratic majority, easily. Shhh! All the above is forbidden language. No capitalist is allowed to discuss it. No Marxist either. Because it would be so obvious that capital is not the question any more.
In the US there are 130 million households and theres a rather large election coming up in November. THIS is what the people will be voting for. Not freedom of speech or trans rights. Getting real estate is the one thing which unites everyone, across the political spectrum - so longer as you never discuss it!
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