this post was submitted on 03 Oct 2023
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Why do we collectively call people like that rich?
Most of the rich, including billionaires, don't have any actual wealth. Even the stocks they take loans out against aren't really a guaranteed source of funds; the stock market could crash over any little old thing, wiping the books.
I believe most rich people are just scammers who tricked everyone else into giving them special privileges, and most of America's wealth is not real. I think the real wealth, i.e. the gold and such, were stolen decades ago.
Not even gold is "real wealth". The value ascribed to gold is in essence the same as the value we ascribe to anything else.
It holds objective value whether humans decide it has value to them or not. It's useful for certain things and would be useful for other intelligent, technological creatures besides humans because those uses are objective -- its malleability, resistance to rusting and conductivity make it valuable outside of the perceived human experience.
Land is probably a better measure of objective, external value though. Let's go with land -- the real rich people are the landowners, as they're the ones who can call the shots by deciding whether you can even exist in certain areas or not.