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Landlordism in cities is (correctly) blamed for a worsening of income inequality. While I agree that landlordism tends to increase income inequality -- especia
by cperciva 7y ago
Landlordism in cities is (correctly) blamed for a worsening of income inequality.
While I agree that landlordism tends to increase income inequality -- especially in the form Vancouver suffers, where protests convince the city to reject the construction of new housing even when the land is already appropriately zoned and the proposed building complies with the approved local development plan -- but it's wrong to refer to a worsening of income inequality.
Income inequality in Canada increased substantially through the 1980s and 1990s, but it peaked around 2004-2007 (depending on exactly which measure you use) and has been steadily declining since then.
- mistermann 7y agoWealth equality on the other hand...
- cperciva 7y agoRight, that's a completely different issue. (And much harder to measure, never mind address. Even defining it is hard; do you count the NPV of pensions, for example?)
- mistermann 7y agoI don't see why you wouldn't. An easy way to see if something is valuable (wealth), take it away from someone and observe their reaction.