As with anything there is obviously some debate and disagreement. But growing inequality is basically the result of capital's share of income being higher than

As with anything there is obviously some debate and disagreement. But growing inequality is basically the result of capital's share of income being higher than labor's share for the past several decades. When you look at where these consistent outsized returns for the wealthy are coming from, it turns out it's mostly housing [0]. You bring up a point about how can this be causing inequality across the nation. Well if you think about it there really isn't consistent inequality across the nation, wealthy people by and large tend to live in or around big expensive cities, where their returns are consistently driven higher than they would otherwise be thanks to housing prices. It's not only NY and SF that have housing issues, it's more pronounced in these places but lots of cities across the country are seeing housing costs increase quickly. [0] https://www.brookings.edu/bpea-articles/deciphering-the-fall-and-rise-in-the-net-capital-share/ https://www.brookings.edu/bpea-articles/deciphering-the-fall...