I really want to be a billionaire :( From today on I'll work more focused on my tickets to impress my boss!
Yea, if you work really hard on those ticketses, someday, maybe, it's possible, he'll buy himself a flat like that.
Artist faked being a billionaire to photograph New York City’s best views
101–110 of 260 posts
Re: Artist faked being a billionaire to photograph New York City’s best views
#102> They’re investments, not really meant for living in. They cast these huge shadows and block views—really change the skyline—just so they can stand empty. That is definitely one of the saddest parts for me. These billionaires (many of whom got their wealth in shady circumstances) are just using these condos to park their money. I may think NFTs are insane but at least when people with too much money park their wealt…
Well, if you want to ruin their investment then issue building permits for more of them. > They cast these huge shadows and block views Talk about first world problems. Expecting a city skyline to never change is ridiculous. The only problem is that so few people use these buildings. The best kind of density regulation requires _more_ density.
Yeah, more density, because all that matters is the size of cities and their economy. 90% of children never waking up to the sounds of birds around their house? Who cares? 90% of grownups never plant even a tomatoes? What does it matter! Families of four or more confined to single-bathroom, two-bedroom apartments? The cosier, the better! The most important bit is that the cheap workforce reaches their dull jobs in time to make the city work for the elite and God forbid they don't behave "ecologically efficient" when doing so!
Re: Artist faked being a billionaire to photograph New York City’s best views
#103Earlier quoted context omitted.
I can’t tell if that’s sarcasm or not so I’ll just remind everyone of Adam Smith: "A power to dispose of estates for ever is manifestly absurd. The earth and the fulness of it belongs to every generation, and the preceding one can have no right to bind it up from posterity. Such extension of property is quite unnatural." In this country there was a time yes where inheriting it is shady and it’s something I fear our c…
there's no problem with inheritance. What matters is the turnover of inheritance. If you have the same 200 families holding all the wealth for 500 years, you have a problem (like several countries in europe). There is nothing wrong with a hardworking person to reach wealth, and for heirs to keep it, if its properly managed. The issue is they should be able to lose it thru squander. Bail outs, lobbying, regulatory cap…
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Re: Artist faked being a billionaire to photograph New York City’s best views
#104I really want to be a billionaire :( From today on I'll work more focused on my tickets to impress my boss!
Yea, if you work really hard on those ticketses, someday, maybe, it's possible, he'll buy himself a flat like that.
why do I feel compelled to mention that I got the reference?
Re: Artist faked being a billionaire to photograph New York City’s best views
#105At least she did not manage to convince herself that she really is a billionaire heiress and start raising funds to build art museums.
With her guts like that I think she can pull it off lol
Re: Artist faked being a billionaire to photograph New York City’s best views
#106Earlier quoted context omitted.
Wealthy people minus a few eccentrics are most certainly not parking their money in NFTs. The crazy $69MM Beeple headline was actually a purchase by an NFT related company from what I understand. Not withstanding unoccupied real estate investments are a problem in every major city. It's usually wealthy foreign investors living far away in particular...e.g. Russia -> London, China -> Singapore/Vancouver, etc. really s…
The simplest answer is land value tax
In Switzerland, everyone that owns real estate has to pay income taxes on the rent they would earn on the property.
It has also the benefit that owning a home doesn't get preferential tax treatment than renting.
Income from wealth should be treated as normal income, it shouldn't matter if you consume the income yourself or receive cash for it.
Re: Artist faked being a billionaire to photograph New York City’s best views
#107Earlier quoted context omitted.
Well, if you want to ruin their investment then issue building permits for more of them. > They cast these huge shadows and block views Talk about first world problems. Expecting a city skyline to never change is ridiculous. The only problem is that so few people use these buildings. The best kind of density regulation requires _more_ density.
Yeah, more density, because all that matters is the size of cities and their economy. 90% of children never waking up to the sounds of birds around their house? Who cares? 90% of grownups never plant even a tomatoes? What does it matter! Families of four or more confined to single-bathroom, two-bedroom apartments? The cosier, the better! The most important bit is that the cheap workforce reaches their dull jobs in ti…
Well, we know what the alternative is. People have less tomato planting time because they spend longer commuting.
So we optimize to put people close to their jobs so they get lots of leisure time with their family.
If they don't want that they can always live farther out. That way everyone is happy.
Re: Artist faked being a billionaire to photograph New York City’s best views
#108Earlier quoted context omitted.
I can’t tell if that’s sarcasm or not so I’ll just remind everyone of Adam Smith: "A power to dispose of estates for ever is manifestly absurd. The earth and the fulness of it belongs to every generation, and the preceding one can have no right to bind it up from posterity. Such extension of property is quite unnatural." In this country there was a time yes where inheriting it is shady and it’s something I fear our c…
there's no problem with inheritance. What matters is the turnover of inheritance. If you have the same 200 families holding all the wealth for 500 years, you have a problem (like several countries in europe). There is nothing wrong with a hardworking person to reach wealth, and for heirs to keep it, if its properly managed. The issue is they should be able to lose it thru squander. Bail outs, lobbying, regulatory cap…
Well, since r > g, you will get wealth concentration if you have lower fertility rates.
Re: Artist faked being a billionaire to photograph New York City’s best views
#109Earlier quoted context omitted.
The simplest answer is land value tax
In Switzerland, everyone that owns real estate has to pay income taxes on the rent they would earn on the property. It has also the benefit that owning a home doesn't get preferential tax treatment than renting. Income from wealth should be treated as normal income, it shouldn't matter if you consume the income yourself or receive cash for it.
Switzerland also has a wealth tax. So parked money are taxed this way as well.
Re: Artist faked being a billionaire to photograph New York City’s best views
#110> Only 1000 editions of Private Views were published
For context this is towards the higher end of a standard print run in the photobook world. Most niche art/photo books will be printed in runs of only 50, 100, perhaps a few hundred, or at most 1,000 so "Only 1000 editions" is actually at the upper end and this is in no way "limited-edition". Unless the project goes viral it's unlikely the book itself will ever be sold out, such is the nature of the [lack of] demand for printed photobooks.
So getting the project featured on various sites helps sell a few dozen here and there and works towards clawing back the initial investment. Clearly this was an expensive book to produce as single copies are in the range of €70, which is almost double what most niche photobooks sell for. I'm sure some of the subjects included in the project will be interested in copies, so there's a meta aspect there.
If the book does sell out then the price of [secondhand] copies will increase above the original price, and you can find the value can double, or even increase by an order of magnitude. So a project about views you can't see unless you can afford them, becomes a book about views you can't see unless you can afford them which itself you can't afford. Another meta aspect.