>It might increase income inequality in your country, but does it do so globally? I think locality matters for income inequality. The poor kid in Bangladesh, r

>It might increase income inequality in your country, but does it do so globally? I think locality matters for income inequality. The poor kid in Bangladesh, really doesn't care that someone owns a $100 Million apartment in Manhattan. However, if you are the working poor in NYC struggling to make ends meet, you are likely to feel something viscerally (maybe a tiny amount) when you go past those apartments. People tend to compare and judge locally. Who you see, who you interact with on a daily basis matter far more than some theoretical person 1000's of miles away.