> Paradoxically, "developed" nation inequality has hit 1920s levels.

That’s not a paradox. Inequality is a completely separate measurement that emerges anywhere there are extremely wealthy people despite the average population doing really well.

A high density of tech billionaires in California doesn’t prevent a regular family in Tennessee from putting food on their table. Poverty rates would.

>A high density of tech billionaires in California doesn’t prevent

I put this in the case of 'eh, maybe'. Not a definite yes or no. The particular place where this breaks is asset ownership and other forms of VC fuckery that start raising the costs for everything around the country.