I am saying people imaging that significant portion of paper wealth could be converted into tangible things for regular people like housing, infra etc.
There are many studies on the various tax cuts for the ultra wealthy and how that has (purposefully) starved the government and limited its ability to provide tangible things for its citizens.
And that’s ignoring all the various tax avoidance schemes.
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I am saying people imaging that significant portion of paper wealth could be converted into tangible things for regular people like housing, infra etc.
This is actually pretty easy to get data on, e.g. https://www.americanprogress.org/article/tax-cuts-are-primar...
There are many studies on the various tax cuts for the ultra wealthy and how that has (purposefully) starved the government and limited its ability to provide tangible things for its citizens.
And that’s ignoring all the various tax avoidance schemes.