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This is mostly a structural issue. The dollars amount that an individual has is basically a distraction. The wealthy has that much money in part because they d
by kiba 5y ago
This is mostly a structural issue. The dollars amount that an individual has is basically a distraction.
The wealthy has that much money in part because they don't have to compete with anyone else. This is especially true if you consider land, which are basically horded by the upper strata of society, and we allowed people to build wealth through property ownership rather than efficient use of land.
You get strange words like "robust housing market" due to rising land price as if that's a good thing. Everyone who's looking to buy a home or rent get screwed by the market.
Once you introduce competition and reward the wealthy for proper allocation not land hording, the stark inequality will likely be lower while the pie itself gets bigger.