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Posted on 6/6/26 at 11:28 am to Epic Cajun
Well if we’re being honest, unrealized capital gains really should be taxed. Better for the market overall since it would force selling and eliminate concentration of wealth.
Posted on 6/6/26 at 11:31 am to RLDSC FAN
quote:
recently
Recent? Nah...
Posted on 6/6/26 at 11:31 am to RLDSC FAN
A millionaire is not rich anymore.
Posted on 6/6/26 at 11:32 am to UFFan
quote:
A millionaire is not rich anymore.
That certainly depends on where they live and how many millions they have.
Posted on 6/6/26 at 11:33 am to WarBoudin
quote:
Well if we’re being honest, unrealized capital gains really should be taxed. Better for the market overall since it w
da comrade!!!
Posted on 6/6/26 at 11:40 am to RLDSC FAN
quote:
The U.S. is minting more millionaires than ever
Not the flex is once was...
Posted on 6/6/26 at 11:41 am to RollTide1987
quote:
That certainly depends on where they live and how many millions they have.
Problem is when prices of stuff keep going up and wages dont compensate.
All its going to take is another COVID type thing (assuming politics is still cyclical after Trump2) and shite is going to start getting reeeeeallllllly uncomfortable for alot of people.
Posted on 6/6/26 at 11:47 am to RLDSC FAN
I'm a millionaire now and I'm not including my primary home
Posted on 6/6/26 at 11:50 am to HailToTheChiz
quote:since Covid you mean
We will be witnessing the greatest transfer of wealth in about 20 years.
Posted on 6/6/26 at 11:57 am to HailHailtoMichigan!
quote:It's objectively an indicator of inflation.
This is objectively a good thing.
Posted on 6/6/26 at 12:01 pm to Rize
quote:bet it’s fun shooting hogs tho!
I sure as hell don’t. I was debt free at 43 and decided to buy 1.4 mil worth of shite and now I’m 750k in debt. Only 28.5 years left on my mortage.
Posted on 6/6/26 at 12:12 pm to RLDSC FAN
That article sort of hurt my brain.
Eta: this (ala Taxing Authority)
In the past 10 years (basically after GFC, divorce, then cancer threw me to the mat), I have somehow backed into a much more involved career and RE portfolio than I ever intended or wanted. But I still feel like most of my “wealth” is just inflation. I have hedged against it but that’s about it.
Eta: this (ala Taxing Authority)
quote:
It's objectively an indicator of inflation.
In the past 10 years (basically after GFC, divorce, then cancer threw me to the mat), I have somehow backed into a much more involved career and RE portfolio than I ever intended or wanted. But I still feel like most of my “wealth” is just inflation. I have hedged against it but that’s about it.
This post was edited on 6/6/26 at 12:16 pm
Posted on 6/6/26 at 12:20 pm to HailToTheChiz
quote:this is a good possibility
We will be witnessing the greatest transfer of wealth in about 20 years. Government will likely tax inheritance tremendously
quote:no way, but you will see taxes increase which will directly effect these pre-tax retirement plans
and tap retirement accounts before then
Posted on 6/6/26 at 12:23 pm to Scruffy
If I said the sun was coming up tomorrow, Im sure you'd disagree.
The poster said the wealth transfer was starting in 20 years. As your article stated, it has already started.
The poster said the wealth transfer was starting in 20 years. As your article stated, it has already started.
Posted on 6/6/26 at 12:26 pm to RLDSC FAN
I'm trying to hit two, in retirement accounts, before I retire in 18 months.
The crazy market returns since in the 2009 have made a lot of millionaires out of ordinary people.
The crazy market returns since in the 2009 have made a lot of millionaires out of ordinary people.
Posted on 6/6/26 at 12:41 pm to N2cars
quote:As my article stated it isn’t a thing for 90% of the population.
As your article stated, it has already started.
You should read the article.
And this isn’t to be snarky. We simply need to be honest about what the “wealth transfer” actually is.
The vast, vast majority of Americans will not receive anything.
What is the point of making it out to be more than it actually is?
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