The United States has experienced a 12% increase in homelessness, to its highest reported level. Federal officials Friday said soaring rents and a winding down of coronavirus pandemic assistance combined to put housing out of reach for more Americans.
This isn’t magical thinking, it’s simply understanding that wealth is not zero-sum.
https://www.cambridge.org/core/books/abs/seven-deadly-economic-sins/wealth-is-positivesum/78D2A23B03BB245AF40C45B5C1F6C9FF
This is indeed bad, but is a measure of the strength of institutions, not wealth disparity. Wealth doesnt win elections on its own - 2012, 2016, 2018, 2020, and 2022 all featured out-spent candidates who won. Trump famously won despite being outspent handily in 2016
I’m genuinely flabbergasted that some people perceive this as some sort of hot take and not just acknowledging the reality at play here.