Over 65? Congratulations, You Own the Economy
1–10 of 35 posts
Re: Over 65? Congratulations, You Own the Economy
#2[deleted]
Re: Over 65? Congratulations, You Own the Economy
#3Hmm, Musk, Bezos, Huang, and Zuckerberg are all younger than 65...[1]
1: https://www.newsweek.com/americas-12-richest-men-worth-combi...
Re: Over 65? Congratulations, You Own the Economy
#4Hmm, Musk, Bezos, Huang, and Zuckerberg are all younger than 65...[1] 1: https://www.newsweek.com/americas-12-richest-men-worth-combi...
They are both true? Between the ultra rich and the elderly there are scraps for everyone else.
Re: Over 65? Congratulations, You Own the Economy
#5Hmm, Musk, Bezos, Huang, and Zuckerberg are all younger than 65...[1] 1: https://www.newsweek.com/americas-12-richest-men-worth-combi...
They are both true? Between the ultra rich and the elderly there are scraps for everyone else.
True - though I would say that the elderly have had a chance to earn and invest longer than the young, so it's not exactly like that's a nefarious plot. But a better tax structure would make that less glaring (same for the multibillionaires, only more so).
Re: Over 65? Congratulations, You Own the Economy
#6[flagged]
Re: Over 65? Congratulations, You Own the Economy
#7Hmm, Musk, Bezos, Huang, and Zuckerberg are all younger than 65...[1] 1: https://www.newsweek.com/americas-12-richest-men-worth-combi...
Those guys own squat compared to the assets the boomers own personally and fractionally.
That said, they do get to exercise infinitely more control and power than a bunch of old people who own non-voting shares and real property that's only valuable at the whim and pleasure of the local regulators.
Re: Over 65? Congratulations, You Own the Economy
#8Hmm, Musk, Bezos, Huang, and Zuckerberg are all younger than 65...[1] 1: https://www.newsweek.com/americas-12-richest-men-worth-combi...
Also Taylor Swift, Beyonce, Rihanna and may others the generation adores.
Re: Over 65? Congratulations, You Own the Economy
#9Hmm, Musk, Bezos, Huang, and Zuckerberg are all younger than 65...[1] 1: https://www.newsweek.com/americas-12-richest-men-worth-combi...
Total household wealth in the US is about ~170 trillion dollars. Those 12 own about 1% of all US wealth. Not shabby for a dozen people but the main issue of American society isn't the handful of people who hit the news but mostly the top 19% below them. Richard Reeves wrote a good book on the topic: https://en.wikipedia.org/wiki/Dream_Hoarders
It's the upper middle class that fills educational institutions, prevents the construction of new property, hogs most of the old property and in general has impacted the upward mobility of the lower classes. Musk has a lot of issues, but he's not really getting in the way of people getting richer themselves.
Re: Over 65? Congratulations, You Own the Economy
#10[flagged]
well there's nothing special about any batch of humans in particular. what changes is the environment in which they function. so what exactly about the post ww2 environment led to this scenario?