It's not wealth. It's just money. Trickling it down would just cause inflation. Just take a look what money trickling down through IT companies did to SF housing market.
Well, that and anti-development policies that result in a complete undersupply of housing. Opening up more housing supply would alleviate that inflationary pressure---so I'm wondering what the analogue is here, from a policy perspective.
Yes. It would be way easier if large companies like Google could just build new residential housing next to their offices.
If you already own the assets, you're alright. If you're young and owe 80k to Sallie Mae, you make out better. Everyone on a defined benefit program gets the shaft though.
Thank you, this is exactly what I want to stand on street corners every day and scream out at the top of my lungs like a crazy person. Money != wealth, at least not on a macroeconomic scale.