[missedthecue]

Is inflation caused by the ultra rich? How much ground chuck does Jeff Bezos buy? Probably not much more than I do.

[cudgy]

He certainly buys real estate, stocks, commodities, yachts, and automobiles. Investment bubbles are also part of inflation.

[missedthecue]

99.999998% of the population has no idea and doesn't care how much yacht prices have inflated over the last several years. They care about toilet paper, food, energy, clothing, and other essentials.

[cudgy]

True, but yachts require inputs like steel, wood, fiberglass, electronics, physical labor, trucks, fuel, etc. Those are all products that 99.999998% of people are purchasing either directly or indirectly, so the prices of those products are impacted.