> I don't think most Americans have a problem with rich people buying nice houses and nice cars, and using their wealth to pay for private staff.

Think again. The demand from rich to park wealth in X, Y, Z makes prices go up. Just imagine that the RAM prices fueled by AI spending is a housing market. More money rich have, less affordable the life for the rest is.

And don't forget that speed of their wealth growth is way faster than anyone who sells their labour.

Ah. And we did not even talk about "hidden" wealth thingy... All these numbers are official ones.