too many temporarily embarrassed millionaires in the US.
(or rather, not that people on the bottom think they’ll be on the top someday, but they’ve come to identify with the ruling class, and bought into the arguments that we can’t have nice things because of inflation or moral hazard or whatever else.)
(or rather, not that people on the bottom think they’ll be on the top someday, but they’ve come to identify with the ruling class, and bought into the arguments that we can’t have nice things because of inflation or moral hazard or whatever else.)