The reality on number 2 is that people in the US actually *do* benefit from elit... | Hacker News

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		whimsicalism on March 26, 2021 \| parent \| context \| favorite \| on: U.S. rent has increased 175% faster than household... The reality on number 2 is that people in the US actually do benefit from elites in other countries viewing the US as a place to exfiltrate the wealth they've acquired in their origin country. We are basically a fence for the plunder of the developing world.

nbardy on March 26, 2021 [–]

Only the asset holding class benefits, but it slams the working class.

As foreigners drive up asset prices it becomes more expensive to acquire equity in your society as the rich get richer.

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