4 ms·
The 'bottom' spend a much large proportion of the income on 'stuff' that counts towards inflation than the the 'top'. If you take money out of rich peoples art
by dagw 3y ago
The 'bottom' spend a much large proportion of the income on 'stuff' that counts towards inflation than the the 'top'. If you take money out of rich peoples art and private jet budget and add it to poor peoples food and heating budget, then that can drive up inflation since food and heating make up a bigger part of the inflation calculation than art and private jets.
- lenerdenator 3y agoBecause we've allocated more resources towards the production of art and private jets than towards essentials production.
- aaomidi 3y agoAnd allocation follows where money is, as well. So yeah, allocation will lag a bit behind where the money is.