this post was submitted on 23 Sep 2025
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Lol never wealth inequality in these things.
On our current trajectory, there's 1 generation left where 99% of people stand any chance in hell of owning any kind of property, 2 generations until 99% can afford to do anything but survive.
The ultra rich are buying everything, because that's all they can do with all their wealth, any of their personal wants and needs are addressed with a fraction of the income from their wealth.
Everything will keep getting more expensive as just the ultra rich compete for assets, driving their prices up. (Not just houses, e.g. farms get more expensive to buy? Food prices go up)
You will keep taking a pay cut in real terms every year, as even if you get a pay rise, odds are it's not beating inflation.
Fewer people will be able to afford to even take a mortgage, working people who already have assets will be forced to take asset release in order to afford to continue to live.
Before long 100% of all assets on earth will be owned by the 0.1%, and anything you enjoy in life will be either gone or reconfigured to only serve the people who still have any money.
Odds are, you or your children will be living in a slum
There is the tiniest chance the people with all the money will put some of that towards resolving climate change, as they have to live on this planet too, however there is zero chance they will make any moves to reduce their wealth willingly. In fact we see them funding anti-immigration parties instead as that's a nice easy enemy to misdirect the rubes with. We need to take their assets from them, and wealth tax is pretty much the only way we can do that before we get full fat oligarchy