A study done by MIT graduate student Matthew Rognlie is making waves for his alternative theory of inequality. He found that the tech boom isn’t to blame for keeping money in the 1 percent, it’s housing.
Rognlie argues that “recent trends in both capital wealth and income are driven almost entirely by housing.” Supporters of Rognlie’s argument propose the government should focus more on housing policy and less on taxing the wealthy to properly deal with the inequality problem.
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