[nwatson]

Lowering "effective" wealth inequality might help, and probably happens to some degree. Distract the rich and suck their money into pissing contests over status goods whose commerce does not infringe on the supply/demand of goods for people down the ladder. The problem comes when that wealth sets its eyes on acquiring or monopolizing assets and pushing up prices of real estate and rents, for example.

I grew up feeling it should be a sin to waste money on fancy cars or fancy vacations. I now think we need more abstract art, NFTs, and something real compelling and scarce in the metaverse to absorb all that money.

Just some ill-formed thoughts with plenty of holes.