A patch of virtual real estate in the online world Decentraland sold for a record $2.4 million worth of cryptocurrency, the buyer crypto investor Tokens.com and Decentraland said on Tuesday.
This is a sign of an issue I was thinking about the other day. I know billionaires are a problem but one aspect of the extreme wealth inequality that doesn't get mentioned often is people who just have millions in disposable income. Like, the kind of people who can drop $1million on a copy of Super Mario 64 just because they want one and have the money. I wonder what effect that's having on inflation, because even though prices have been rising, to some trust fund kid who lives off investments and rental properties it's probably barely noticeable.
This is a sign of an issue I was thinking about the other day. I know billionaires are a problem but one aspect of the extreme wealth inequality that doesn't get mentioned often is people who just have millions in disposable income. Like, the kind of people who can drop $1million on a copy of Super Mario 64 just because they want one and have the money. I wonder what effect that's having on inflation, because even though prices have been rising, to some trust fund kid who lives off investments and rental properties it's probably barely noticeable.