politics

Boomer elites will transfer their money to millennial elites.

These articles are an attempt to create an age based division.

The problem is, it never works. We all have parents and grandparents. Many of us have kids. And we tend to love them, regardless of social, economic or political differences.

Solidarity between generations is extremely solid and very hard to break.

These articles are just weak and failed attempts to sow discord.

vote for people that will help build the middle class up again

The point of the middle class is to split the working class in terms of income and wealth, so they spend their time antagonizing each other and mostly ignoring how the upper class is stealing everything.

We don't need a middle class; we need a strong working class.

You want a class that's got more education? Educate the working class. You want a class that's got more wealth? Enrich the working class. You want a class that's got the time and inclination to make informed political decisions? Deliver workday/workweek reform for the working class.

This, absolutely. We need to realize that it’s always the rich vs. the rest of us. Anything else that draws lines to separate people only serves the rich. They win without fighting when we blame anyone but them for the mess we are in.

I don't disagree with your general point, but the idea that we can just vote these systems away is just as much as a distraction that you shouldn't be falling for, as the generational division.

Modern "democracy" exists to uphold capitalism, and capitalism needs these divisions, along with a desperate working class, to exist. When you agree to only play within the rules they've set, you've already lost, they've made sure of it.

the boomers who came out of college weren't making the laws.

But guess who spent the last 50 years voting for the politicians that did make those laws?

Yup, boomers. They, as a generation, overwhelmingly voted for this.

Well said, generational division is pure divide and conquer. Fortune.com isn't in the business of agitating for class consciousness.

Yup.

'Boomers' is an ageist term at this point. We have to judge people as individuals. Not based on race, age, or generation.

Shifting blame for what a few elites have done over decades and decades, onto an entire generation, is, as you said, a distraction.

They could fix that sentence by specifying that it's elite baby boomers that will pass it on to elite Gen Y.

What? Boomers with vacation homes likely doubled their net worth in like 2 years. All the houses doubled in value, and they have more than 1. Talk to any real estate agent. The only people buying houses are boomers rn. On the occasion it's a younger person, they usually have help from their boomer parents or an inheritance from boomers. The scales were already tilted in their favor, and the pandemic response was to lower interest rates and let them buy more of the already scarce housing at unbelievably low rates or refinance their existing mortgage for a lower payment while first time homebuyers got outbid by people with more equity, and larger down payments. (See: boomers). They absolutely gained the most from the pandemic response, and if the high rates ever cause the correction it was designed to do, I won't feel the least bit bad if they lose their ass and didn't plan for it / have to go back to work (again).

Also, that $72 trillion will go to ~72 million millennials completely evenly--about $1M per millennial across the board. We won't have issues where having rich parents meant you did well yourself, and the proportionately more money you inherit will be extra rather than catchup. Nope, boomer hoarding will all work itself out in the end. We don't need any government policies to change.

Why does it matter at that point so are we

The estate tax in the US only affects estates worth more than ~$12,000,000