But the deeper issue is that bad government policy is largely responsible for soaring inequality. In other words As long as the government is in the business of financing housing, everyone had best stay clear of the temptation. Why? The banks get money at near-zero interest from the FED, so savers (and small businesses with capital float) are losing the market rate of interest income on their bank deposits. One impoverishing thing the 99% have bought it credit.
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