Low interest rates in advanced countries have pushed money into real estate
Well, no shit, Sherlock!!<p>Everybody who has been renting or has been buying a home in the last 10 years knows this...<p>All the cash that&#x27;s been &quot;pumped into the economy&quot; has only fueled inequalities. It&#x27;s gone in the pockets of those who were already wealthy enough to secure a loan. And yes, they did buy houses, and bitcoins, and stocks. Oh and then that caused the prices to go up, so whoever forgot to invest started doing it, pumping the early birds&#x27; wealth up, allowing them to borrow even more. The whole economical landscape is bubbles everywhere.<p>And now the FED can&#x27;t really reverse it. If you start raising rates, and stopping QE, you&#x27;re not actually getting the money back from the people you gave it to, you&#x27;ll just get a lot of businesses to close.<p>We need to erode all that capital concentration, and the only way to do it without hurting the regular guy is through heavy taxation.