Government fiscal policy (particularly 'rona hysterics) caused a massive economic crash followed by a K-shaped recovery where the wealthy saw their assets go to the moon while lower and lower middle class people were kneecapped by 'rona era layoffs and subsequent "stimulus" inflation.
Just for a sense of how dramatic this disparity has been, my lower class friends? They're worse off now than they were 5 years ago due to inflation. Myself? 6x my assets because all that money printer go brrr pushed asset prices into the stratosphere. Under a sane fiscal policy I'd be pleased to 1.5x from a nice 8% CAGR. At this rate everyone who had assets to begin with is going to be oligarchs while working stiffs are going to be living at subsistence at best.
Yeah, but there is a lot of, "your house isn't worth more, your money is worth less" going on.
Yeah, housing prices are largely nominal increases because it's really just inflation. Most of my gains where equities because of all the capital that pooled there.
This is why workers must own the means of production
Moat workers are, unfortunately, uninterested in capital investments.
Or can barely keep a roof over their head and food on the table, nevermind investing.
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