These towers are the physical manifestation of the 1 percent ...https://www.nytimes.com/interactive/2019/06/14/nyregion/new-york-skyline-inequality.html …
The point is that these people would exist regardless of what the stratification of wealth in the US was.
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There is always going to be 1% of the population wealthier than the rest. Math. The "problem" is the gap between that 1% and the other 99%.
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The broader issue is ensuring healthy utilisation of real estate, and tying tax to occupancy rates can be an efficient way to deal with it. Chinese millionaires typically don’t AirBnB/rent out/live more than 30 days a year in these apartments.
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