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I agree with you, but I think you have cause/effect reversed. It's not that a high concentration of wealth results in high assets prices. It's that the money ha
by Nifty3929 1y ago
I agree with you, but I think you have cause/effect reversed. It's not that a high concentration of wealth results in high assets prices. It's that the money has nowhere else to go except into tech/AI, so those are the only assets that appreciate/inflate, and that leads to a concentration of wealth.