• grte@lemmy.ca
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      4 months ago

      Just as a feature of inflation the numbers that represent the wealth held by millenials will almost certainly eclipse that held by previous generations. But also thanks to inflation the actual value change represented by that larger number is sweet FA. Everything is just more expensive.

    • Wanderer
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      4 months ago

      It’s because the housing market is a fucking scam. Let’s have some land value tax.

      All the wealth is held up in real estate and largely that is worthless. It’s like capital that doesn’t produce.

      The commies on this website don’t understand capitalism but the one thing they are right about is the housing market. Even from a capitalist point of view I got some big thoughts about how it’s fucked.