They keep raising prices, stating that it’s due to inflation, but then they keep having record profits.

Meanwhile, the average American can barely afford rent or food nowadays.

What are we to do? Vote? I have been but that doesn’t seem to do much since I’m just voting for a representative that makes the actual decisions.

  • chicken@lemmy.dbzer0.com
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    10 months ago

    They still have the ability to outbid if they want to.

    Are you familiar with price elasticity of demand? If they have to pay a larger share of their wealth, they will buy fewer. If houses cost $100, couldn’t you think of reasons to buy more than one, where you wouldn’t if houses were priced within what you could afford but much more expensive than that?

    income equality

    IMO the distinction between income and wealth inequality is very important here. Income inequality is about jobs, wealth is about accumulated capital.