| > Rich people's improvement outpacing poor people's is not necessarily an issue. That's like saying "the fact there's a black hole in the centre of the galaxy is not an issue." Extreme wealth distorts the universe around it. There are people who have no business making nation-state level decisions that are still on the speed dial of the people who are, because of their financial positions. There's also a strong case that education blocked by finance, on a second order. Wealth creates flight opportunities. Parents who can afford it take their kids out of the default public school and take them to a magnet, charter, or private school. Not everyone can afford that, even if some are nominally tuition-free-- if they don't offer the same bussing, for example, that's going to add thousands of dollars a year in bus or petrol costs to get the kid to and from campus. But aside from that, when the parents take their kids away, they also take their volunteerism, activity support, and holding staff accountable. The public school ends up supported by the least resourced and least concerned parents, and the students left behind suffer. Housing is probably solvable with a more holistic central-planning mindset. Everyone wants to live in a few desirable areas, but we have no mechanism to generate more desirable areas. A planned economy could help by steering new economic development to places where housing can be built affordably, perhaps with build-out mandates. The Chinese "Ghost Cities" are actually a great idea in retrospect-- if you build everything at once before the first residents arrive, you can avoid some of the very expensive retrofit problems. Building a subway on the barren ground of a planned city is a lot cheaper than drilling under Lower Manhattan. A secondary problem is that housing costs and the need for retirement/end of life savings creates a doom loop-- if you're paying 60% of your income on a mortgage, you can't invest in any other way, so it HAS to be the nest egg. I'm not sure how to address that-- richer and more universal pensions might help reduce the load on home equity, and there are certainly ways to de-asset-ify land (maybe replacing outright land ownership with peppercorn leases-- people wouldn't be able to "buy" a house, at best they could try to bribe the existing owner to abandon the lease and hope to grab it when the property goes back up for redistribution) |
I think it’s pointless to try to prevent this. Try to block it and parents who can afford to will just move to where the public schools are good.
There’s no level of forced equality (other than everyone living in abject squalor) where there won’t be a spread of resources and some will choose to direct theirs in less or more long-term productive ways.