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by wyre 1400 days ago
Ya, we’re running out of wealth mobility. No one can afford houses because corporations vacuum up all the money.
1 comments

Vs pre-ww2 where all the peasents could easily afford real estate?
The population of the US has nearly tripled since then and the GDP has grown almost 2000%; more than 1500% if looking at real GDP [1]. There should be far more wealth equality now but there isn’t.

[1]https://www.statista.com/statistics/1031678/gdp-and-real-gdp...

The 1920s was very famous for wealth inequality, so im not sure that's true.

With a quick google i found this graph https://www.cbpp.org/wealth-concentration-has-been-rising-to... which suggests that the present is much more unequal than the 1970s, but still hasn't risen to the level of inequality from the pre WW2 era.