The ‘great wealth transfer’ isn't $73 trillion but $129 trillion, Bank of America says—and the government gave most of it to baby boomers
The ‘great wealth transfer’ isn't $73 trillion but $129 trillion, Bank of America says—and the government gave most of it to baby boomers
Boom! Government policy has really enriched a certain generation of Americans—ones who have been in power for decades.
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GOOD NEWS: YOUR PARENTS ARE GONNA DIE! MAYBE EVEN BEFORE 2030!
Also, that $72 trillion will go to ~72 million millennials completely evenly--about $1M per millennial across the board. We won't have issues where having rich parents meant you did well yourself, and the proportionately more money you inherit will be extra rather than catchup. Nope, boomer hoarding will all work itself out in the end. We don't need any government policies to change.
Why does it matter at that point so are we
Maybe before the whole planet is obliterated?