136 - What the Pope told Mack!
As wages stagnate but house prices rise, a new class will emerge, beneficiaries of the housing boom, an inheritance class. As the younger generation falls behind, they will become more dependent on inheriting wealth, normally via parent's...
The David McWilliams Podcast · David McWilliams
May 13, 202138m 25s
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Show Notes
As wages stagnate but house prices rise, a new class will emerge, beneficiaries of the housing boom, an inheritance class. As the younger generation falls behind, they will become more dependent on inheriting wealth, normally via parent's houses. This will create a drone class without the get up an go of previous strivers. We are already seeing it in some countries: you can go backwards. Also a conversation I had with the Pope, yes Francis himself about exactly this!
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