The share of billionaire wealth from rent-rich industries in emerging markets is now falling, from a peak of 76% in 2008 to 58% today.
For my part, I moved to Harlem for its cheap rent and rich history.
Experts have been predicting for some time that, due to escalating house prices, Australians are facing a future in which nearly everyone pays rent to rich baby boomer property investors.
Mr. Weiner said cheap rents for rich people made for embarrassing tabloid headlines.
But the rent-seeking rich capturing a larger share of national income seems pretty compatible to me with Mr Piketty's overall argument.
Uber drivers in creative-classed cities are usually people displaced from their cheap rents by rich hipsters.
It wasn't that "poor people rented and rich people owned houses".
That politicians are more or less rented the rich was commonly understood in the United States even before the Supreme Court's 2010 Citizens United decision, which made the flow of money into electoral campaigns even more unrelenting and unaccountable.
Blum and Microsoft already work together on a company that rents broadband-rich office space to businesses.
A new book -- Rents to Riches? -- looks around the world and concludes that the culprit lies in "political economy" -- that is, in the interplay of vested interests that smothers reform.
Because it was easier to rent to a rich, trust-fund, straight-guy banker who wants to live in the coolest borough in the world?
