[Steve_Seattle]

"Millennials are poised to inherit some $90 trillion of assets and become the richest generation in history – but only the ones who already come from affluent families, potentially deepening wealth inequality further."

It sounds like they are laying the groundwork for a massive confiscation of family equity through huge inheritance taxes. This money will then be distributed to Democrat constituencies, e.g., blacks. Don't be surprised if these stolen inheritances are used to fund some sort of "reparations" scheme.

[texanyankee]

I agree.

The Swamp won’t allow $90 Trillion to slip through untouched.
Spread the wealth around the world.

[desertfreedom765]

This is why boomer parents should be helping their kids as much as possible while they are alive and the kids are young enough so that it matters.

Help them pay off student loans, purchase 1st homes, not fund a lavish consumer lifestyle.

But kids inheriting a lot of wealth when they are 50+ doesn’t help them so much, especially when the government is ready to swoop in and take as much as they can.

[Mr. Jeeves]

This money will then be distributed to Democrat constituencies, e.g., blacks.

The dirty little secret is - they don't keep it. Invest big in alcohol, tobacco, and snack food stocks. :)

As for wealth transfer to Millennials, government has been greedily eyeing the Boomers' assets for decades. They get some, but not as much as the article suggests.

[roadcat]

It sounds like they are laying the groundwork for a massive confiscation of family equity through huge inheritance taxes.

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.