To be clear, I am very concerned by the prospect of companies buying up land and preventing individuals from buying homes in the future. I think this is likely part of "the great reset" - and I do think globalists would prefer us to be renter serfs.
I also think that if your only option is to rent, these globalists will inevitably use their ownership of homes to force their social agenda. They will say, "oh you tweeted wrongthing once sorry we can't rent to you." They'll also be doing yearly property inspections for the purposes of finding rightwingers.
This bothers me a lot. but I'm not 100% convinced it will work exactly the way they want it to. For one thing, the further from a city or town you go, the more property you have to buy (inverse square law). And innovations like driverless cars and remote work will make living further and further away reasonable. Here I am, fucking around on .win before I start work. If I had a two hour daily commute but I had a driverless car my day would look basically the same.
So this is something I'm concerned about, but it's not as bad as other things I'm concerned about.
GDP is per year though. The US makes 20 trillion per year and BlackRock has 9 trillion total
this^^^
GDP is the market value of goods and services produced per year per country
A much better example of this "conspiracy" would be Amazon or Walmart which have 300B+ in revenue. Blackrock had $16B in revenue in 2020.
Also, Blackrock doesn't own the securities they hold them in trust for the investors and make money by charging a fee which is less than 0.4%
To be clear, I am very concerned by the prospect of companies buying up land and preventing individuals from buying homes in the future. I think this is likely part of "the great reset" - and I do think globalists would prefer us to be renter serfs.
I also think that if your only option is to rent, these globalists will inevitably use their ownership of homes to force their social agenda. They will say, "oh you tweeted wrongthing once sorry we can't rent to you." They'll also be doing yearly property inspections for the purposes of finding rightwingers.
This bothers me a lot. but I'm not 100% convinced it will work exactly the way they want it to. For one thing, the further from a city or town you go, the more property you have to buy (inverse square law). And innovations like driverless cars and remote work will make living further and further away reasonable. Here I am, fucking around on .win before I start work. If I had a two hour daily commute but I had a driverless car my day would look basically the same.
So this is something I'm concerned about, but it's not as bad as other things I'm concerned about.
Total ...what? Assets?
What does the "P" stand for?