Comment on Intergenerational Report 2023: Australian economy built on rent seekers who produce nothing

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Dkarma@lemmy.world ⁨1⁩ ⁨year⁩ ago

I didn’t claim that tho. I said that moeny goes somewhere…it has to. Either back to the bank for a new mortgage or a condo.

Op made it look like that money just vanishes. Even in the case of a big bad company they’re paying agents and web designers and advertising.

Google what percentage of gdp is real estate in the US… statista.com/…/percentage-added-to-the-us-gdp-by-…

Oh look…it’s literally the biggest contribution.

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