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Started By
Message
re: Boomers have 63% of 84.4 trillion dollars of wealth the government wants.
Posted on 8/3/22 at 6:25 pm to Diamondawg
Posted on 8/3/22 at 6:25 pm to Diamondawg
quote:
are you suggesting they inherited that
Much of it, yes.
2
Posted on 8/3/22 at 6:52 pm to Barstools
quote:Is much 50% or more?
Much of it, yes.
Posted on 8/3/22 at 7:04 pm to ManBearSharkReb
quote:
Pelosi
quote:
McConnel(sic)
Neither of these people are Boomers nor is George Steinbrenner, as somebody mentioned earlier.
Posted on 8/3/22 at 7:05 pm to Diamondawg
Well, when you factor in that most of that number is going to be generational wealth passed down through families, then you consider the interest made off off he inheritances, it would probably be much more than half.
This post was edited on 8/3/22 at 7:06 pm
Posted on 8/3/22 at 7:30 pm to ManBearSharkReb
quote:
Boomers are the perfect example of being born on third base and bragging about the triple they never actually hit.
Utterly ignorant and wrong.
Posted on 8/3/22 at 7:39 pm to ManBearSharkReb
quote:No sweetheart, every generation has potentially shitty politicians. Your generation is the one voting FOR them.
they keep churning out shitty boomer politicians
"Boomers" voted for Reagan. They voted for the first GOP-controlled House in 4 decades.
But you keep being you.
Posted on 8/3/22 at 7:42 pm to NC_Tigah
quote:
"Boomers" voted for Reagan. They voted for the first GOP-controlled House in 4 decades.
Yes Boomers also gave us Bill Clinton, George W Bush and Barack Obama. What a list of winners.
Posted on 8/3/22 at 7:45 pm to Barstools
quote:Then you're poorly informed. In fact IIRC only about 10% of US millionaires inherited >10% of their wealth.
Much of it, yes.
Posted on 8/3/22 at 7:45 pm to ronricks
quote:Defined as?
gave us
Posted on 8/3/22 at 7:46 pm to NC_Tigah
Wait until you realize that less than 10% of people own 80% of that wealth, then your mind is going to be blown.
This post was edited on 8/3/22 at 7:48 pm
Posted on 8/3/22 at 7:49 pm to ronricks
quote:
Yes Boomers also gave us Bill Clinton, George W Bush and Barack Obama. What a list of winners
Do your homework next time.
quote:
In winning reelection, Barack Obama won 60% of the vote among those younger than 30. That was down somewhat from 2008, when Obama won nearly two-thirds (66%) of the votes of young people. However, Obama's youth support may have been an even more important factor in his victory this year than it was in 2008.
quote:
The divide between young voters and older voters was as stark this year as it was in 2008. While Obama lost ground among voters younger than 30, he still won this age group by 24 points over Mitt Romney (60% to 36%). He also maintained a slimmer advantage among voters 30 to 44 (52% Obama, 45% Romney), while losing ground among those 45 to 64 and those 65 and older.
https://www.pewresearch.org/politics/2012/11/26/young-voters-supported-obama-less-but-may-have-mattered-more/
Posted on 8/3/22 at 7:52 pm to Barstools
quote:I'm one of them. Das macht nichts. Again, nearly 75% of that is new money.
Wait until you realize that less than 10% of people own 80% of that wealth, then your mind is going to be blown.
Posted on 8/3/22 at 8:26 pm to David_DJS
quote:I hope this is a rhetorical question.
you said it twice so i will too, You think this is their childrens fault?
Who else would be blamed?
Posted on 8/3/22 at 8:26 pm to ManBearSharkReb
quote:
Boomers are the perfect example of being born on third base and bragging about the triple they never actually hit.
By far the least educated generation in our country. The world has passed them by. And they cling to power And they keep churning out shitty boomer politicians that vote for the boomer’s best interest while face fricking the rest of the country. (Pelosi, Schumer, McConnel, the Clintons, the Bush’s and on and on and on)
The least educated? You put too much stock in cultural Marxist indoctrination via higher education. Most of the Boomers I know would destroy the typical college indoctrinated Marxist under age 50 in a general knowledge test.
Posted on 8/3/22 at 8:32 pm to ronricks
Millenials gave us Obama.
Posted on 8/3/22 at 8:35 pm to Tchefuncte Tiger
The Boomers are the ones that ran up all the debt.
Posted on 8/3/22 at 8:35 pm to Barstools
quote:How does the number grow so quickly through inheritance?
Well, when you factor in that most of that number is going to be generational wealth passed down through families, then you consider the interest made off off he inheritances, it would probably be much more than half.
quote:Is this where Obama says you didn't build that?
For context on the enormous size of the wealth being transferred as people die, consider that in 2018 Cerulli forecasted a $68 trillion 25-year wealth transfer, and in 2011, that total wealth transfer was a mere $38 trillion.
Posted on 8/3/22 at 8:50 pm to loogaroo
We just moved my 84 y/o mom into a retirement apartment and are in the process of an estate sale and selling her home. Over the years, we moved her house into my brother and my name and both received about $60k each.
She will be spending about $1k per month out of savings to support her having a crap-load of fun in the retirement home. We are using the money under her name first, then what my brother and I have. Based on my calculations, she has money for between 12 and 14 years.
Her and my dad (deceased) helped put my brother and me through college and gave all their time to my brother and me. [Dad worked 42 years in a plant; 26 years on third shift so he could sleep while we were in school and work while we were asleep.) If mom uses every last dime until it runs out, she deserves to enjoy every dime.
My in-laws apparently don’t trust their kids enough to preserve their money, which is their prerogative but sort of sad.
She will be spending about $1k per month out of savings to support her having a crap-load of fun in the retirement home. We are using the money under her name first, then what my brother and I have. Based on my calculations, she has money for between 12 and 14 years.
Her and my dad (deceased) helped put my brother and me through college and gave all their time to my brother and me. [Dad worked 42 years in a plant; 26 years on third shift so he could sleep while we were in school and work while we were asleep.) If mom uses every last dime until it runs out, she deserves to enjoy every dime.
My in-laws apparently don’t trust their kids enough to preserve their money, which is their prerogative but sort of sad.
Posted on 8/3/22 at 8:53 pm to loogaroo
We all have money the government wants. That's why there is an Infernal Revenue Service.
Posted on 8/3/22 at 9:23 pm to NC_Tigah
quote:Patently false.
Again, nearly 75% of that is new money.
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