I'll reference a previous related comment of mine to avoid rewriting everything here [1]. In short, the root cause behind everything you're talking about is lo

I'll reference a previous related comment of mine to avoid rewriting everything here [1]. In short, the root cause behind everything you're talking about is low interest rates and money supply inflation. Rich people have been on an asset buying spree (primarily real estate but not only) by borrowing at close to 0 interest, which makes ownership of those assets more and more out of reach from everyone else as they bid each other up. 'Coincidentally', the world happened to be in lockdown during the bulk of this money printing, limiting inflation in consumption goods and making this transfer of wealth stay outside the zeitgeist. The gambling craze among the lower classes is the tail-end of that. [1]: https://news.ycombinator.com/item?id=26885100 https://news.ycombinator.com/item?id=26885100