>If I story $5mm under my mattress, I have wealth without generating income.
This isn’t true. The $5mm is merely representational. The social dynamics that maintain it’s exchange value, i.e. security, is circumstantial. The security is exercised by way of capital.
>personal property is almost by definition a form of wealth which does not produce income/accumulate value.
This is ahistorical. In a capitalist society, personal property is a means to produce value all the same. Capitalism comprises relational circumstances that deem your toothbrush, comb, computer, school supplies, and your quiet home all as means to produce value.
The Democratic Party is a mess of conflicting patronage. Sadly, there is still a voting constituency who does not think the wealthy should control every aspect of the lives of the working poor.
This isn’t true. The $5mm is merely representational. The social dynamics that maintain it’s exchange value, i.e. security, is circumstantial. The security is exercised by way of capital.
>personal property is almost by definition a form of wealth which does not produce income/accumulate value.
This is ahistorical. In a capitalist society, personal property is a means to produce value all the same. Capitalism comprises relational circumstances that deem your toothbrush, comb, computer, school supplies, and your quiet home all as means to produce value.