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by robertlagrant
574 days ago
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> The only clear distinction between the utopia and the dystopia is on wealth distribution. A utopia where everyone is starving vs a dystopia where some people are fabulously wealthy but almost everyone has basic healthcare and education and opportunity to succeed? Inequality isn't anywhere near as important as the baseline of what most people have available to them. |
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Most of the developed world is going through one version or another of this right now. Housing cost crises everywhere from Vancouver to NYC to Tampa to London are far too sharp, far too recent, and far to correlated with the concentration of assets at the top of the wealth distribution to be “because we need to build more housing”. By all means build more housing, but if we keep redistributing all wealth upwards constantly that new housing will become expensive AirBnBs and shit, not homes owned by people at the median.
The idea that the person at the median is doing as well as they were ten years ago is a weird religion, the idea that they’re doing as well as their parents is a cult.
Inequality is bad because the basic essentials for the person at the median are some of the best investments for the people at the top.