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A priori, that's a huge if. Income inequality causes auction-priced goods and sevcices (much to most spending, including housing) to be bid up in price, it als
by lonelappde 7y ago
A priori, that's a huge if.
Income inequality causes auction-priced goods and sevcices (much to most spending, including housing) to be bid up in price, it also creates power imbalance that can lead to more wealth extraction from the poor.
- topmonk 7y agoIs that what's going on, wealth extraction from the poor? Because it seems to me that poor people today are taking more out of the system than putting into it.