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In America, the rich controls the government. In China, the government controls the rich.
(lemmy.ml)
this post was submitted on 17 Feb 2025
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That Australian number seems inflated by property. People bought houses 40 years ago for a handshake and a nod and now the houses are "worth" 2 million dollars or whatever. But if you sell your house you need to buy another one and they come in 2 sizes: million dollar family home or million dollar shoebox studio in the city.
So it's monopoly money.