absolutely... the argument isn't "no socialism" but how much socialism is needed to keep Capitalism in-check. It's currently out-of-control which is why all the bank failures and inflation. Blackrock and Vanguard are buying-up tens of thousands of single family homes to destroy the american dream of home ownership and turn us all into renters.
https://www.foxnews.com/media/blackrock-investment-firms-killing-dream-home-ownership
The "American Dream" is also the "Australian Dream" and both of them exist because there is no long term stable rentals available.
One of the public lectures I went to was an economist ho was doing comparisons between European countries where the bulk of the properties are rented and countries where the bulk of the property are privately owned.
To account for different currencies & wages he did it on an hours worked basis.
The home owners came of substanially worse having spent near 3 times as much as the renters .
When it came to capital gains, again they look fantastic as a number but when boiled down into hours of wages not so good.
And of course the capital gains were of no use unless you sold up and moved to some where with a substantially lower income level , either in your own country or a third world country .
In Austria almost all of the houses are owned by banks and families have been renting the same property for several generations.
And if you think of it we work 1/2 to 1/3 of our lives to "Own" a plot that we can not take with us or in most countries even be buried in.
The longest continual surviving culture on the planet that has survived for at least 60,000 years intact & some say more than 80,000 years , has no personal land ownership in their culture.
And to be frankly honest any one who buys land in the USA or Australia in the most part is recieving stolen goods in most cases stolen at gunpoint or worse.
www.latimes.com
www.sbsun.com
