Re:The Geography of U.S. Inequality
by yummyfajitas on Tuesday September 06, 2016 @11:39AM
(#12436776)
Actually it's you who is confused. The return on capital is currently very low in most sectors, and people who have capital have no particular ability to keep profits high.
Income inequality is primarily about two things: earned income and capital gains from housing wealth. The latter is a non-competitive market due mainly to NIMBYs keeping supply artificially low.
Income inequality is primarily about two things: earned income and capital gains from housing wealth. The latter is a non-competitive market due mainly to NIMBYs keeping supply artificially low.