Re:Ten richest men have six times more wealth than the poore...
by kiba on Sunday February 20, 2022 @09:37AM
(#30406021)
We are seeing people hording land. These lands are not being given to developers and people who can make the best use of it, which are very likely to be other wealthy people.
Instead of rewarding wealthy people for increasing the pie, we just give wealthy people free money for sitting on lands and having that appreciate, rather than selling it to someone who can use it.
"Robust housing market" and rising price is not a good thing. It is a socioeconomic disaster.
Another way we becomes poorer: Pattern of development that incentivize ownership of expensive items just to participate in society, like cars and roads.
Instead of rewarding wealthy people for increasing the pie, we just give wealthy people free money for sitting on lands and having that appreciate, rather than selling it to someone who can use it.
"Robust housing market" and rising price is not a good thing. It is a socioeconomic disaster.
Another way we becomes poorer: Pattern of development that incentivize ownership of expensive items just to participate in society, like cars and roads.