301
Not a generational problem 😊 (lemmy.world)
submitted 2 years ago by to c/aiop@lemmy.world
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[–] -4 points 2 years ago (6 children)

Once the inheritances really start rolling in, you'll suddenly find the next generation much higher. What this graph misses is how much wealth is concentrated in such a tiny portion of the generation.

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  • [–] 12 points 2 years ago* (1 child)

    No. Money isn't energy. It can be created and destroyed. It is expended to survive. It doesn't remain static. Thus the amount 'lost' in the transfer will ve significant. Wealth from those dwindling inheritances will not come close to correcting this. The issue is is systematic. Tax the rich. Or observe the violent loop of history.

    "Oh it's different this time bec.." K.

    Also, I agree with you about the wealth concentration representation being lacking. This graph seems to have the goal of causing generations to yell at one another so they don't notice the rich are robbing them. Stated another way, in a room of ten starving people one person eats five sandwiches, the average person in the room had half of a sandwich.

    Averages are used to lie to us all.

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  • [–] 1 point 2 years ago

    No. Money isn’t energy. It can be created and destroyed. It is expended to survive. It doesn’t remain static. Thus the amount ‘lost’ in the transfer will ve significant.

    Yeah, the money will be "lost" to the small portion of the wealthy in the next generation, just like how a small minority of boomers are actually very wealthy.

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