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Is there a way that wealth could trickle down? Are there investments that the very wealthy could pursue that would reflect in the broader economy? Or am I misun
by williamscales 11y ago
Is there a way that wealth could trickle down? Are there investments that the very wealthy could pursue that would reflect in the broader economy? Or am I misunderstanding.
When the cost of goods and services eventually rises, will that result in a rebalancing of where the wealth is flowing?
- ajuc 11y agoWealth is trickling down. It's just trickling from poor people in developed countries to poor people in developing countries. And it's a good thing. Why should poor people in developed countries be priviledged? Meanwhile rich people in develoepd and developing countries make tons of money on the differences between the poor, decreasing them in the process.
- deleted 11y ago[deleted]
- scotty79 11y agoIt's not wealth. It's just money. Trickling it down would just cause inflation. Just take a look what money trickling down through IT companies did to SF housing market.
- ftlio 11y agoIf you already own the assets, you're alright. If you're young and owe 80k to Sallie Mae, you make out better. Everyone on a defined benefit program gets the shaft though.
- stickfigure 11y agoThank you, this is exactly what I want to stand on street corners every day and scream out at the top of my lungs like a crazy person. Money != wealth, at least not on a macroeconomic scale.
- williamscales 11y agoWell, that and anti-development policies that result in a complete undersupply of housing. Opening up more housing supply would alleviate that inflationary pressure---so I'm wondering what the analogue is here, from a policy perspective.
- scotty79 11y agoYes. It would be way easier if large companies like Google could just build new residential housing next to their offices.
- wodenokoto 11y agoThey could invest in higher salary :)
- hkmurakami 11y agoThat's happened in tech, which has seen a boom in salaries partly as a result of the very wealth (LPs) investing in VC funds which in turn have funded startups which in turn have competed with the Googles and Microsofts of the world for scarce talent.