Comment by arturkane7

Not being snarky but if a rich person owns multiple flats that she is renting out, and you force her (say by jacking up wealth tax or banning buy-to-let) to sell the majority of them, how is that not helping with house price and rent inflation? My point is that you are right the rich don’t consume that much in terms of buying eggs, but they buy a hell of a lot of assets that eventually drive inflation (the more real estate they buy, the higher house prices go, the higher lumber and copper prices go,…) Am not an economist just trying to reason using common sense so might have missed something…