It is impossible to defend democratic rights or any of the social interests of working people without seizing the unearned wealth of the billionaire parasites.
In order for us to have affordable housing, property cannot appreciate faster than wages
Finally, you’re approaching the actual issue. Appreciating assets are not the problem. Wage stagnation is. The working class is having too large a share of its productivity diverted to the Problem Class.
I mean, wages have been increasing at a fairly reasonable rate related to inflation, the cost of most things have gone down relative to incomes with the big exception being housing.
Finally, you’re approaching the actual issue. Appreciating assets are not the problem. Wage stagnation is. The working class is having too large a share of its productivity diverted to the Problem Class.
I mean, wages have been increasing at a fairly reasonable rate related to inflation, the cost of most things have gone down relative to incomes with the big exception being housing.
https://cepr.net/publications/in-the-good-old-days-one-fourth-of-income-went-to-food/ https://www.jchs.harvard.edu/blog/home-price-income-ratio-reaches-record-high-0
Based on that, I’d say you’re wrong that it’s wage appreciation that’s the issue, it’s definitely housing costs that are the problem.