Well... I mean there will always be exceptional humans and mediocre humans. So there will always be a gap based on ability. The problem now is mediocre humans can make profit without proof of work by rent seeking. That's causing regression.
Discussion
Yes, rent seeking behavior is abhorrent. If you break down the psychology of rent seeking behavior, you may find overlap in other areas. You think you can’t “rent seek” with labor? Could I use bitcoin for “rent seeking” behavior?
Rent seeking is not as profitable as proof or work on a hard money system. Incentive is to build, not seek rent.
That makes no sense but it was a pleasure conversing with you.
Hard to make money renting property when it doesn't have a 70% monetary premium attached to its assets price... Property taxes, maintenance, bills... It's a huge liability as it can be easily confiscated. It's not portable at all. All a leaking faucet for your money. The only reason real estate is so expensive is because it demands a monetary premium because our money can't store any value. On a hard money system real estate will lose its monetary premium since you can store that in the money instead. Rent seeking becomes much harder. You have to build the house if you want profit in this system.