David McWilliams: We are at the end of a slow-moving housing Ponzi scheme

📆 5/11/2021 2:05 PM
📰 IrishTimes

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❝ We are at the end of a system of profoundly unproductive and highly fragile distortion of wealth. It is a giant, slow-moving housing Ponzi scheme, where exit at the top is dependent on suckers at the bottom - davidmcw ⁩on fixing the housing crisis

Salk, a fascinating character who married Françoise Gilot, a muse and mistress of Picasso, could have been made fantastically wealthy by his discovery, but he chose to give away the patent rather than cash in.

The polio vaccine was given out for free to millions, saving countless people. In later life, Salk was asked why he chose not to profit from his breakthrough. He responded that his philosophy in life was to be “a good ancestor”.

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Govt urged to double social housing units by 2030Social Justice Ireland says the Government needs to set a target of 20% of all housing to be social housing by the end of this decade That is the most self-destructive idea I’ve ever heard. Ireland……smh…… Sure fuckit just lash out free houses to everyone This is a huge wealth transfer from one sector to another.
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