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by nicoburns 2789 days ago
No, but other people having $10bn of disposable income increases prices for you. Or if you look over the long term, skews the economy towards producing luxury goods rather than meeting the basic needs of ordinary people.
1 comments

Pretty sure a guy/gal who has $10Bn of disposable income isn’t buying underwear at Target like me, driving up the price.
They're not driving up demand, they're driving down supply, by making it relatively more profitable to make the goods that they do want, and thus relatively less profitable to make budget underwear (and other basic goods).
But owning property in your neighborhood my drive up your rents so you need to move.