• fine_sandy_bottom@discuss.tchncs.de
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    8 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
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      8 months ago

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