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by neilparikh
1201 days ago
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> wealth is not zero-sum Land is zero sum. The easy (partial) solution to that is just to build more housing on the same land, except older homeowners spend their time blocking new housing, which has essentially turned housing into a zero sum market as well. > greed of corporations who are not increasing wages Increasing wages will do nothing if those wages end up chasing the same fixed amount of housing/land. Now, people are going to point out that the US is a big country and there's lots of land and so on. And that's true, but a lot of the economic growth and opportunity is concentrated in the cities where housing growth is being blocked. The same problem occurs in Canada (and a few other Western developed countries too). |
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