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A comment on California homeowners made more money in equity than workers made in income. Parent comment
We are in a form of inflation.
The 'middle class' are the problem here.
Why?
Because they think 'they're making bank'.
What they don't realize is that 'everyone above them' on the scale, is making even 'bigger bank'.
The $3M home owner realizes this, but also not quite how much the $25M home owner is also screwing him.
This is a 'class warfare ponzi scheme' where everyone up the chain is screwing everyone below them.
The problem is that it's politically untenable to take away something from the middle class, they are voters.
If working class and poorer people coordinated their voting power, the kind of Fed policies we have would be different.
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We are in a form of inflation.
The 'middle class' are the problem here.
Why?
Because they think 'they're making bank'.
What they don't realize is that 'everyone above them' on the scale, is making even 'bigger bank'.
The $3M home owner realizes this, but also not quite how much the $25M home owner is also screwing him.
This is a 'class warfare ponzi scheme' where everyone up the chain is screwing everyone below them.
The problem is that it's politically untenable to take away something from the middle class, they are voters.
If working class and poorer people coordinated their voting power, the kind of Fed policies we have would be different.