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Is inflation caused by the ultra rich? How much ground chuck does Jeff Bezos buy? Probably not much more than I do.
by missedthecue 4y ago
Is inflation caused by the ultra rich? How much ground chuck does Jeff Bezos buy? Probably not much more than I do.
- cudgy 4y agoHe certainly buys real estate, stocks, commodities, yachts, and automobiles. Investment bubbles are also part of inflation.
- missedthecue 4y ago99.999998% of the population has no idea and doesn't care how much yacht prices have inflated over the last several years. They care about toilet paper, food, energy, clothing, and other essentials.
- cudgy 4y agoTrue, but yachts require inputs like steel, wood, fiberglass, electronics, physical labor, trucks, fuel, etc. Those are all products that 99.999998% of people are purchasing either directly or indirectly, so the prices of those products are impacted.