[sevenf0ur]

Anyone that owned property or assets benefited immensely from the inflationary period during COVID.

[anigbrowl]

And what about the large number of people who don't? It's nice to think that all economic growth since then was positive-sum wealth creation with no upward wealth transfer at all, but that seems rather unlikely, given all we know at how inflation and other economic phenomena work. There's some serious filter-bubble thinking going on in this discussion.

[gottorf]

The "net worth" of the mega-rich, at least in the US, is basically just the number of shares they hold in whatever company they founded multiplied by the price per share at any given moment. It's completely fake and has nothing to do with "economic growth". If you want to point fingers, blame the Fed for setting the stage for an epic asset inflation.

[2OEH8eoCRo0]

That's their fault? Anybody can buy in and share their victory no?

[2OEH8eoCRo0]

Exactly my point!