Unless, of course, they buy up a bunch of properties, making it unaffordable for the average income folk to own a home on a reasonable timescale.
When is HN going to learn that simplistic views like "rising tide lifts all boats" and "iTs NoT a ZeRO SuM GAme" are not helpful at all and blatantly false in most cases.?
Which is a problem, but the problem isn't the inequality. The problem is stupid housing policies that overemphasise debt and restrict construction.
> ... "rising tide lifts all boats" and "iTs NoT a ZeRO SuM GAme" ...
Using erratic camel case does not make an argument. It is obviously not a zero sum game or we'd all have Roman Empire era living standards.
FWIW, unrelated to this topic, I think we should adopt Georgist tax policies. That has nothing to do with inequality and it would resolve the situation of wealthy people buying property neatly.
Housing is a good example since our planet has a natural limit which can't be worked around. Otherwise please tell me why Bill Gates owns about 270,000 acres of farmland. There is a famous quote about it. “Buy land—they aren’t making it anymore.”
If you got spare money you are pressured to invest it, since the inflation will reduce the value. But not everyone is able. Thats where your financial gains are coming through you investments. By people who are not able to invest themself and the cake is getting smaller every year.