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A comment on The 9.9 Percent Is the New American Aristocracy. Parent comment

Re:The 9.9 Percent Is the New American Aristocracy by JumpCrisscross on Monday May 28, 2018 @03:43PM (#17174392)
You mention NIMBYism. I would regard that as the principal vector of wealth transfer.
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Re:The 9.9 Percent Is the New American Aristocracy by bhawks on Monday May 28, 2018 @03:51PM (#17174433)
Nimbyism is only a regional factor.

I think we agree this is a national conversation.

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Re:The 9.9 Percent Is the New American Aristocracy by JumpCrisscross on Monday May 28, 2018 @04:09PM (#17174541)
Local themes can manifest at scale. Many large cities are affected by generational NIMBYism. That collects to produce a macroeconomic effect.
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Re:The 9.9 Percent Is the New American Aristocracy by bhawks on Monday May 28, 2018 @04:56PM (#17174799)
But the data doesn't show that there's a bunch of rich old folks mooching on the labor of everyone else.

Basically the median elderly person has enough money to pay off the median house and then nothing else. After a lifetime of work isn't this acceptable?

Secondary source: http://cepr.net/blogs/beat-the-press/time-to-bury-pew-report...

On mobile otherwise I would link in the primary data.

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