Re:Trust in Government Is Collapsing Around the World
by marknutter on Monday July 04, 2016 @04:56PM
(#12032969)
Yet a rich person can only occupy one house at a time. Maybe they could own a couple different houses in different locations but even then they have to pay people to maintain them throughout the year. I don't think the 1% are having any effect on your rent bills in SF. The 10%, maybe, and outside investors from China, and a broken local government for sure.. but not the 1%.
And besides, you're not addressing my point. You're trying to explain supply and demand for some reason and ignoring the fact that I said "1000 times more money" which means the ultra rich, which is the group that progressives like to scapegoat.
Explain to me how anyone from the 1% "observably" negatively affects your daily life in significant way.
This is observably not true. Prices increase for everyone when average incomes (demand) go up. So if people around me suddenly start making more and I don't, suddenly, I'm paying more for things, and am worse off. If you want a concrete example look at Bay Area housing prices.