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A comment on Just Be Rich. Parent comment

Re:Just Be Rich by mnsc on Tuesday April 13, 2021 @02:30AM (#26788770)
Pretty much every mainstream economist defending the mainstream economy to preserve the status quo in that widening the income gap is a good thing for the mainstream economy you mean?
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Re:Just Be Rich by saddlerustle on Tuesday April 13, 2021 @02:50AM (#26788894)
High housing prices is terrible for the economy. It's the cause of the decrease in worker mobility which is probably a big the part of the stagnation in productivity growth. Estimates put it at a full 10% of GDP lost.
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Re:Just Be Rich by gameman144 on Tuesday April 13, 2021 @03:13AM (#26789033)
There are actually loads of mainstream economists today who recognize and are looking to address the wealth gap. Most of the pushback I've read about has been objections that specific policies proposed to solve it have side-effects that create a whole new slew of problems.
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Re:Just Be Rich by imtringued on Tuesday April 13, 2021 @03:34AM (#26789196)
Pretty much every economist thinks "high prices? make more!". That applies to housing too.
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Re:Just Be Rich by Mauricebranagh on Tuesday April 13, 2021 @09:41AM (#26791978)
Which is then snapped up in a lot of cities (London SF Vancouver) by the newly rich from places like China / Russia as a way to get their money out of the country.
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Re:Just Be Rich by engineeringwoke on Tuesday April 13, 2021 @04:56AM (#26789775)
Buh... but the GDP went up? That's good right?
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