re: “They’re Repulsive” - Tucker’s Rant on How Baby Boomers Betrayed Gen Z.

Grok using only hard data, determine if there was a redistribution of wealth following TARP and QE of the 2010s. How does this distribution of wealth compare to previous times in American history?

short answer:

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Yes, based on empirical data from sources like the Federal Reserve, Congressional Budget Office (CBO), and academic studies, there was a redistribution of wealth upward following the implementation of TARP (2008-2010) and subsequent Quantitative Easing (QE) programs (2008-2014), with wealth concentrating further among the top percentiles. This occurred primarily through asset price inflation benefiting equity and property holders (predominantly the wealthy), outweighing modest equalizing effects from employment gains and refinancing. Wealth inequality metrics, such as top shares and Gini coefficients, show an increase in concentration during the 2010s, continuing a longer-term trend.

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Further reading:

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Post-TARP and QE Wealth Redistribution
• From 2007 to 2016 (encompassing TARP and QE1-3), the median net worth of the top 20% of U.S. households rose 13% to $1.2 million, while the top 5% increased 4% to $4.8 million. In contrast, the second quintile (20th-40th percentile) saw a 39% decline to $19,500, and overall median family net worth fell 40% from 2007 to 2013 before partial recovery. ? ? This reflects an upward shift, with upper-income families’ aggregate wealth share rising from 60% in 1983 to 79% in 2016, while middle-income fell from 32% to 17% and lower-income from 7% to 4%. ?
• Total family wealth grew from $52 trillion in 1989 to $199 trillion in 2022 (2022 dollars), but the top 10% share increased from 56% to 60%, top 1% from 23% to 27%, and bottom 50% remained stable at 6%. Post-2008 recession, wealth declines were steeper for the bottom half, with recovery favoring the top through 2022. ? ?
• QE specifically contributed to this via asset channels: A study using Federal Reserve Survey of Consumer Finances data found QE had a modestly dis-equalizing effect, increasing the 95/10 income ratio by 0.5 percentage points, as equity price gains (e.g., 5% causal effect from QE) outweighed employment benefits (e.g., 1.2 percentage point unemployment drop). ? ? Another analysis (1976-2012) showed expansionary policy (including QE) raised the wealth Gini by 0.005-0.015 and top 1% share, with persistent effects during expansions. ? ?
• Top 1% wealth share rose from 22.8% in 1989 to 30.8% in 2024, with acceleration post-2008 (e.g., 30.9% by Q4 2021). ? ? Top 0.1% reached 22% by 2012, highest since early 1900s. ? ?
Comparison to Previous Times in American History
Current wealth distribution is more concentrated than most periods since WWII, approaching or exceeding Gilded Age/1920s peaks, per tax capitalization and survey data.
• 1910s-1920s (Gilded Age peak): Top 10% held 45-50% of national income (proxy for wealth trends), top 1% about 20-25% of wealth. Inequality fell post-1929 crash and WWII. ? ? ?
• 1950s-1970s (Post-WWII compression): Top 10% share <35%, top 1% around 10-15%, bottom 90% held majority. Gini (income) around 0.35-0.40, reflecting progressive taxes and union strength. ? ? ?
• 1980s-2000s (Rising trend): Top 1% wealth share grew from ~17% in 1980 to 22.8% by 1989, top 10% to 77% by 2012. Gini rose 20% from 1980-2016 (0.35 to ~0.42). ? ? ? ?
• 2010s-2020s: Top 1% at 30.8% (2024), top 0.1% at record highs; Gini (income) 0.43 (1990) to 0.47 (2023), higher than 1920s (est. 0.45) but below 1860 slave-era peaks (top 1% property income ~33%). ? ? ? ? Unlike mid-20th century equality, post-2008 mirrors 1920s concentration, driven by policy and markets rather than war or regulation.

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AI sure is neat

Listen boomers, I know some of yall are not bad. Like I said, my dad is one of the good ones. I have been dishing out the quips and jabs...because yall do the same damn thing.

Tucker is right though about most of you. You are repulsive. Yall could say "yeah...we kinda f'ed up with the push of diversity, feminism, nanny state, endless war and crazy growth of govt" and "yeah we kinda did do tremendous damage to the dollar and the newest generations will have to clean up our mess"

Id respect that. Instead its mostly just denials and insults in the face of massive evidence that you are wrong. Im definitely willing to say that Millennials have some issues. Laziness, pretentiousness, etc. I think Gen Z and Gen Alpha have some difficult times ahead of them but thankfully the pendulum is swinging back

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pressured Fannie/Freddie to offer that advantage to elements in the lower class. Good intentions perhaps, but with terrible results.

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And then they repeated it with student loans. Borrow as much as you’d like with no concern with your ability to pay it back.

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AI sure is neat

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The wealth share of the top 1% of U.S. households, excluding the top 500 Americans, is estimated as follows:
1989: 20.3%
2008: 25.4%
2021 (Q4): 27.7%
2024: 27.5%

So, without the Musk/Bezos/Zuckerberg skew, we're fairly flat over the past two decades.

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And then they repeated it with student loans. Borrow as much as you’d like with no concern with your ability to pay it back.

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Except the default mechanics between the two are leagues apart.

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Also your point falls on its face completely when we simply just look at national debt

2007: 9 trillion
2025: 37 trillion

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Careful grasshopper, I've been fairly genteel.

We had a recession in 2008-2009. The result in that circumstance is always an increase in public sector debt.

We had an Anti-American socialist in office for 8-yrs (initially with a filibuster-proof Congress).

We had a shitty CV19 circumstance.
Now we have a Congress in place that struggles to cut $9B in annual spending.

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It also explains why every gas station and hotel is now owned by Indian families who work collectively to better themselves generationally rather than being entirely self focused.

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No one needs anything passed down to become affluent in America. Apply yourself for 50 hours per week and live within your means and you will be affluent in 20 years unless you are remarkably stupid or unlucky.

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You boomers have already done that as ive already demonstrated

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Perhaps we should reinsert Zuck, Musk, Page, Brin etc into that 2008-2024 differential. That's not Boomer money.

Meanwhile,

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No one needs anything passed down to become affluent in America. Apply yourself for 50 hours per week and live within your means and you will be affluent in 20 years unless you are remarkably stupid or unlucky.

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Also.. basically to sum up some of the apparent points here…

-Millennials and Gen Z are apparently never going to sell real property for appreciated prices. They are going to just sell it for what it cost them and forego any gain. Because they are soo generous.

-Apparently the stock market only works for boomers. The other generations are not realizing any gains.

-there are no jobs for millennials and Z.. well except for each Millennial and Gen z person on this board. They are doing well.. but other people… they aren’t doing so hot. And there apparently isn’t any way to make new generation lives better... well except for the ones on here.. they somehow claim to be doing ok. But it’s just them though.. nobody else.

-the millennials are going to save the world.. their policies are so much better.. even the ones that the younger generations on here cannot defend that are proposed by millennials.

-it’s all boomers fault.. well not those. Well some are ok.. well many are ok… wait.. nope.. all of them again. Defend all Millennials you say? Ok back to some boomers are ok.

-Boomers never ever ever ever had any turmoil. I mean.. the Vietnam conflict/draft, Cold War, fuel crisis, 70’s inflation, early 80’s inflation, S&L crisis, etc.. all myths. The real crisis is Russian collusion and apparent rampant racism.

-It’s just impossible to explain why people who are older have more wealth.. absolutely impossible. It has to be that they are just hoarding it all. Not that they had much longer to invest.

-Boomers are terrible for spending their own money, and not just handing it to their kids while the kids get everything paid off while the older generations live in a Medicaid nursing home.

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Tucker was educated by boomers but the younger gen was educated by Tucker’s generation.

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Yea. I don’t really blame Boomers for all the issues. Gen X skated by with zero responsibility or accountability.