Posted on 03/02/2024 10:25:34 AM PST by EBH
CNN saying “We liberals have screwed every thing up, but look what is coming to you in the future!”
The government always tries to create conflict and enmity between classes ethnic groups etc.
it’s great for government when the classes fight each other. That gives government the pretext to appropriate power and impose a solution.
it’s a diversion. The real criminals are those that run and collude with the government against the people.
This is coming from CNN. Therefore you are correct.
We will become “The North American Economic Zone”.
The dynamics at play here are more nuanced than a simple observation. It fundamentally hinges on demographic shifts. With the passing of the “boomer” generation, a concentration of wealth is poised to flow to a select few.
The pivotal question revolves around how the Millennial generation will navigate this influx of wealth. Presently, there is a chorus of discontent regarding boomers retaining assets. However, it’s worth noting that many boomers enjoy robust health, hence their reluctance to downsize or liquidate assets.
The crux of the matter lies in understanding the economic implications of a delayed ascent into affluence for a generation. Will they inherit diminished wealth due to the prolonged lifespan of their predecessors?
Barring unforeseen cataclysms, future generations are poised for overall economic improvement across all strata. This optimism is predicated on the anticipation of enhanced job opportunities, provided individuals strategize their education effectively. Those lacking technical or practical skills may face challenges.
Conspicuously absent from the discourse is the discourse on the “jobs of the future.” Instead, there is undue focus on the purported displacement of millions by AI. However, those adept at envisaging a post-AI landscape stand to thrive, securing a portion of the anticipated $90 trillion wealth, thus ensuring economic resilience.
Yes, already happening here in California. It used to be that parents could pass on their property tax free without a hike in property taxes. A few years ago California changed the rules, so that the property is reappraised to sky-high levels and the surviving adult kids are on the hook to pay the high property taxes and other fees. Kids can't afford it, and would have to sell the property and see the government also get the capital gains taxes. Hurts our kids because they already own their own homes and can't move into our home to use it. Any way you look at it, the government benefits from increased taxes and fees.
I don’t want to have to wait for my parents to die to be able to afford a home, but that’s how it’s looking.
I’d much rather share my success with them. This is a legitimate worry I have right now.
but only the ones who already come from affluent families
In other words, the gap will continue to expand.
Assuming their parents don’t leave most of the cash to charity and cut the ungrateful, entitled, loser, leftist out of their will.
You’re seeing more and more articles like these. They’re priming the pump of envy and “equity” to increase the death tax.
*** $90 trillion of assets ***
Sounds like a lot till you realize these are due to inflation, or, the printing of too much paper money.
In 1970 for 8 hours work I got $10 and thought I was doing good! With that $10 I could buy 50 gallons of gas!
That same $10 today will get you barely 3 gallons and a pint of gas.
Calculate 1970 silver price with price per gallon then.
What is that ratio now?
As for the wealth, it's mostly just funny money thanks to our debt and worthless dollar.
The ultimate goal of the far left. You will own nothing and like it.
Over the years I have known many very wealthy people who grew up during the Great Depression and who became wealthy by working blue collar jobs for 40 or 50 years and simply not spending any of it.
Their children generally had no problem quickly spending it all after they died.
I did no such thing. I enlisted in the USAF after a year of college and worked my ass off serving this country for 20 years. I parlayed my experience and work ethic into a high paying job after my retirement from said USAF.
That job has enabled me to invest and save a crap ton of $$ to make up for what I didn’t have in my early years. You sir, can go EFF yourself thinking that I somehow “stole” from the “average to poor person” to somehow “enrich: myself. I’ve earned every stinking penny. They and many like them had the same opportunities and chose quite poorly. Eff them.
My kid and his family will be well taken care of and I have no shame nor regret in posting such.
What a stupid comment.
I remember a woman who worked as a cashier for Sam Walton, at his 5&10 store. When he bought some bankrupt Ben Franklin stores and reorganized as Wal-Mart she took a stock option with him and remained a cashier for decades. She then retired richer than Midas. Not bad for someone who worked all her life as just a cashier.
Isn’t Generation X going to inherit the Boomer’s wealth? They’re next in line, not millennials.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.