Comment by shivasaxena
18 days ago
Fine, but is there any data that having ultra wealthy residents in your country(like Sunak's wife) harms everyone else?
18 days ago
Fine, but is there any data that having ultra wealthy residents in your country(like Sunak's wife) harms everyone else?
The GP is being sarcastic, we have 30 years of evidence.
It shows that trickle down economics doesn't happen.
The harm you're looking for is massively inflated asset prices, for example pushing housing out of the affordable range of normal residents and the actual tax payers.
So the mega rich turn out to be parasites in many ways.
Also, more than once, the mega rich caused my meat to spoil. Terrible people!
I know you think you’re joking but I’d encourage you to consider the consequences of deregulating the food industry.
Real estate inflation is a pretty obvious way it does that.