I think it's not even the billionaires that are the biggest problem. It's more like the top 10-20% that are driving up housing prices and many other things. They are a large enough group that it makes sense to mostly cater to them which is something we already see in most new apartments being higher end, less and less cheap cars on the market, no small houses to buy, restaurant prices shooting up, concert tickers becoming crazy expensive and so on. Las Vegas used to be the place for the average guy to fun. In the last few years they have publicly stated that they don't want that population anymore but want more of the upper end.

All this leads to a system that favors the top 10-20% who can afford things, own assets like stocks and real estate, get better education for their kids and leaves the rest of the polulation out in the cold.

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