▲ | dmoy 14 hours ago | |
> There’s an insane separation of wealth and you don’t see that as a/the problem? I’m serious with these questions. I don't doubt it, but the main person quoted in the article is sitting on like $20 million to $30 million of cultivated land and $??? of additional land (Could be hundreds of thousands, could be another 8 figures). To the extent there is a separation of wealth problem, it's not at all clear where that person is in the separation. Maybe they debt financed the whole thing plus equipment under ZIRP with a non-fixed interest loan, and are now staring down the barrel of $1M-$2M annual interest payments, with very little capital of their own. Maybe they have a total net worth of $10M+ even if they had to sell, and are actually fine if they just quit the game right now. I dunno. |