Comment by mrguyorama
1 day ago
Collect rent.
That's all rich people do. The premise of capitalism is that the people best at collecting rent should also be in total control of resource allocation.
1 day ago
Collect rent.
That's all rich people do. The premise of capitalism is that the people best at collecting rent should also be in total control of resource allocation.
i would guess it's less about rent seeking and more about him making a bet on safe places to store billions of dollars. there's a lot of economic collapse that can happen where farm land remains valuable in a way that housing stock, office buildings, or MSFT stock wouldn't
The qustion does that collapse look like a warzone where a digitial piece of paper saying you own something means very little.
my point is that if you were to look at the spectrum of collapse that can happen, maintaining ownership of valuable farm land is basically the last stop before your billions being worth nothing. if we're to the point of legal land ownership dissolving then there's really nothing more he could have done to preserve capital