Wealth inequality
3 unrolled threads about wealth inequality, each one readable on a single page.
Sim Kern@sim_kernIf any of you are under the impression that our billionaires might succeed in "escaping" to space, while the world burns, let me put those fears to rest with what I know from being the spouse of a NAS...
SummaryA NASA flight controller's spouse debunks the myth that billionaires can escape to space while Earth suffers, explaining that space travel requires massive ground teams, is physically grueling, and offers no comfort or escape despite billions spent. The real tragedy is that this wealth should address problems on Earth rather than fund ego-driven vanity projects.Jul 3, 202121 tweets♥ 130K
Shawn Chauhan@shawnchauhan1Blackstone didn't buy 274,000 homes to be landlords. They spent $1 trillion turning homeownership into subscription housing. They are creating a generation that will own nothing and rent everything....
SummaryBlackstone has spent $1 trillion acquiring 274,000 homes not to build wealth but to create a subscription housing model that locks out individual homebuyers and extracts wealth through algorithmic rent increases. This systematic consolidation of housing stock—facilitated by AI pricing coordination and bulk cash purchases—is eliminating homeownership as a path to generational wealth and replacing it with corporate-controlled rental feudalism.Aug 17, 202515 tweets♥ 79.8K
Gabriel Zucman@gabriel_zucman