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This is accurate, but to add to this, the other thing that's hurting you if you work for your money instead of just owning assets, is taxes. The entire system is stacked against labor.https://twitter.com/naval/status/1446642101760905219 …
A fun game is to go over various policies and point how each one implements a regressive tax that benefits asset holders at the expense of working folks. QE? Regressive tax. Zoning? Regressive tax. Defense spending? Regressive tax. Tax code? Incredibly regressive.
The asset holders that benefit the most are the ones using aggressive leverage. Their assets increase in value, their debts are inflated away and the interest rate payments are a tax shield Buy. Borrow. Die.
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