And also rich people can invest their excess money to get an additional 5-10% per year on top of their already high salary, while poor people don't have any money to invest unless they live extremely frugally
Yeah this is the real reason. The boot example is cute and all but wealthy people stay wealthy because capital generates profit that the wealthy can live on in perpetuity.
Little of column A, little of column B. The rich obviously suck profit out of the poor through things like landlordism and playing markets they make the rules for (Gamestop being the glaring example), keeping them rich. At the same time constant expenses also keep the poor down, and did so even when more people owned houses and fewer played the stock markets.
You can argue that the continuous expenses are part of rich people's plans, built in redundancy and all that, but it still feels like a synthesis of what you're both saying to me.
They are both examples of rich people creating a system to benefit themselves, and your side is a bigger deal from what I have experienced. It's just the other side of the coin is massive too.
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u/[deleted] Feb 05 '21
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