They need tax cuts so the next buyer can pay 750 million.
The “Missing” Inflation Shows Up As Hyper-Inflation | Ian Welsh:
also on the painting: https://tinyletter.com/felixsalmon/letters/nota-bene-10
'via Blog this'
The “Missing” Inflation Shows Up As Hyper-Inflation | Ian Welsh:
The rich are floating on an ocean of money, and they have nothing to spend it on that really matters, so it’s going to 3rd homes, real-estate speculation and conspicuous luxury consumption (which is what this is.)
also on the painting: https://tinyletter.com/felixsalmon/letters/nota-bene-10
'via Blog this'
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