There is a lot of old money where I grew up, and it was funny hearing about Blackrock trying to buy their properties. They would offer these people ten times the value, but old money was just “but, that’s just a little bit more money in the money bin. I have a massive house and estate to look at the peasants. Why would I bother?”
And now imagine old money in Europe. For example, the British aristocracy owns at least 30% of land in England (that’s the official number, but Land Registry doesn’t have information about who owns 15% of land at all and it is most likely owned by aristocracy as well). And England has a leasehold system. So if Blackrock would come to a king or some lord to buy some of their land, the land would be sold to them easily as a long term lease, for like 100+ years. And then Blackrock would also pay yearly rent on top of that. Because you ain’t buying shit here, dirty peasant.
Another thing to keep in mind is that old money here have their wealth for over a thousand years. They’re not simply entrenched, they’re a part of the fabric of the country itself. They have all kinds of exceptions in the laws and regulations and exist above everyone else not only in social status, but also in economic and political status as well.
People can hate the rich as much as they want, but there’s a layer in the society which doesn’t care about the existence of the rich and the poor. And they are all related to each other through centuries of strategic marriages, so basically one incredibly large family spread across the whole of Europe.
There is a lot of old money where I grew up, and it was funny hearing about Blackrock trying to buy their properties. They would offer these people ten times the value, but old money was just “but, that’s just a little bit more money in the money bin. I have a massive house and estate to look at the peasants. Why would I bother?”
And now imagine old money in Europe. For example, the British aristocracy owns at least 30% of land in England (that’s the official number, but Land Registry doesn’t have information about who owns 15% of land at all and it is most likely owned by aristocracy as well). And England has a leasehold system. So if Blackrock would come to a king or some lord to buy some of their land, the land would be sold to them easily as a long term lease, for like 100+ years. And then Blackrock would also pay yearly rent on top of that. Because you ain’t buying shit here, dirty peasant.
Another thing to keep in mind is that old money here have their wealth for over a thousand years. They’re not simply entrenched, they’re a part of the fabric of the country itself. They have all kinds of exceptions in the laws and regulations and exist above everyone else not only in social status, but also in economic and political status as well.
People can hate the rich as much as they want, but there’s a layer in the society which doesn’t care about the existence of the rich and the poor. And they are all related to each other through centuries of strategic marriages, so basically one incredibly large family spread across the whole of Europe.