Quote:
Originally Posted by speeder
There is no possible way to put a positive spin on this.  |
Maybe there is?
The uber-wealthy still buy groceries(ok eat whatever their chef served).
And they need a reliable pot to piss in.
They still want
the very best products and services at
the cheapest prices, as
we all do, but at their level or any level they are still fail-able to human nature.
It's easier to not count pennies or stick with strategy and discipline after a hard day making millions.
Just sign "OK" on the dotted line of the bill.
(Ever wonder how so many decent/normal stars like MC Hammer went broke after paying off the entourage bling?)
Upward advancement
The
uber-wealthy want the best talent and that is what creates a
positive hiring drive for
the best workers who know their stuff.
Hey some countries are full of PHD-level academics driving taxis.
Let's all count our blessings...shall we?
Those workers will probably not ever be able to afford the RE marketplace they work in but they still have to live nearby.
As higher level workers they expect and demand a better living environment (not getting mugged at the front door etc)
Thus pockets of new more wealthy areas spring up surrounding the uber-wealthy.
All wages rise as a consequence of overhead costs..umm...theoretically.
And some of the service workers can afford to buy in those outside areas and even buy multiple properties and become wealthier themselves.
All these interactions will create pockets of potential growth for those who learn and know how to game the system better.
And thus all ships rise with the tide?