whilst you are correct from the 300 years point of view, you are making
a very large and wrong assumption that everyone gets a regular pay rise and that it's
above cpi ( that's if you believe cpi is an accurate reflection of real inflation anyway ),
not everyone can afford to buy a home and not everyone can afford to participate in
the share market ( granted in Australia with the compulsory super a lot but still not all
generally have an indirect exposure , (the compulsory super is a recent construct))