• fine_sandy_bottom
    link
    fedilink
    English
    arrow-up
    3
    ·
    4 months ago

    The thing is though… bad things happening to rich people’s money usually means worse things for poor people.

    It’s really naive to think that a bunch of expensive property becoming worthless is not a big deal because it only affects poor people.

    Suggesting that rich people are the only ones who own low lying property is a flawed premise also. What about low-lying island nations? What about low lying inland areas? There’s plenty of communities in Australia that aren’t necessarily close to the coast but would have an altitude of less than 1 metre.

    • maness300@lemmy.world
      link
      fedilink
      English
      arrow-up
      1
      ·
      4 months ago

      My point is that nobody really cares these days because the ruling class has already divested.