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wealth frustration, ownership 

Did you know that super expensive art and collectibles are free for wealthy people?

If you spend $10K on a piece of art, it will likely appreciate in value. You can eventually sell it to someone else for even more than you originally bought it for. If you're lucky, it'll be even better than inflation.

So someone else paid you to keep that art for a while.

I do not like this aspect of wealth.

wealth frustration, ownership 

I watched a video of this dude that has a massive house full of every video game console/game/arcade machine like ever... And frankly, I find it a bit grotesque.

Something like that should be in a museum for everyone to share in. Not in the hands of a private collector just "retaining value" for his net worth.

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wealth frustration, ownership 

@pandora_parrot

literally awful. if he's so passionate about it, he could be a live-in curator of the museum!

wealth frustration, ownership 

@baronnarcveldt And then EVERYONE could share in that joy! Instead, he's hoarding it all for himself and I find it awful.

wealth frustration, ownership 

@baronnarcveldt This is why I find myself appreciating many of the priciples of communism. The idea of ownership of something being rewarded is to me, repugnant. No value was added to society, yet the person made money.

wealth frustration, ownership 

@pandora_parrot @baronnarcveldt I love what Neil of RMC is doing... he’s been accumulating a large collection specifically to turn it into a public museum, and he’s been documenting the process. Look Mum No Computer has been doing a similar project with The Museum of Everything too. Both are making their museums very hands-on.

It’s a shame that Paul Allen’s Living Computer Museum is dying :(

re: wealth frustration, ownership 

@pandora_parrot That said, you and I both owe pretty expensive entertainment setups. I don't really see why he should be obligated to found a museum, especially given the complexities involved in maintaining a video game museum -vs- uninteractive or replaceable art.

Like, yeah, it's gratuitous, but so is owning your own personal plane :)

re: wealth frustration, ownership 

@erisian_phoenix you’re not wrong. But to me, this is in another class youtu.be/Ox7En_cYAa8

re: wealth frustration, ownership 

@pandora_parrot Wow, that's huge o.o

I definitely wish there was an easy way to share something like that with the public, without having to worry about people damaging the collection.

wealth frustration, ownership 

@pandora_parrot and none of that money goes to the artist, either. At best they get a name for themselves so that the first buyer of a future work might make up for it.

wealth frustration, ownership 

@pandora_parrot

The cool thing about NFTs is that they won't appreciate.

The bad thing about NFTs is that they are a scam.

If the people selling NFTs gave that money away, it'd still be a scam, but tricking the rich into giving their money to people who need it is fine.

wealth frustration, ownership 

@emma Yeah, I'm more talking about collectibles like fine art, classic pinball machines, and such. Wasn't even thinking about how this could or could not apply to NFTs.

re: wealth frustration, ownership 

@pandora_parrot I tend to consider the basic divide between Middle and Upper class to be ownership in investments like that - although I mostly think in terms of stocks. It's wild how once you have your basic needs met, you can invest your money and watch it snowball, and I hate how there's a whole social class that never has to work because of their investments rather than the rewards of their labor.

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