[HN Gopher] Older Americans Stockpiled $35T. The Time Has Come t...
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       Older Americans Stockpiled $35T. The Time Has Come to Give It Away
        
       Author : johntfella
       Score  : 21 points
       Date   : 2021-07-02 19:04 UTC (3 hours ago)
        
 (HTM) web link (www.wsj.com)
 (TXT) w3m dump (www.wsj.com)
        
       | mrtweetyhack wrote:
       | Burn it
        
       | thatfrenchguy wrote:
       | This is bringing us to the same issue that pre-WW2 European
       | countries had: people inheriting too much money from their
       | parents stunting growth for everyone.
        
         | walshemj wrote:
         | Care to give us a source for that ?
        
           | [deleted]
        
       | google4545 wrote:
       | Nancy Pelosi, Joe Biden, and Mitch McConnell were all alive when
       | Adolf Hitler was in power.
        
       | ngcc_hk wrote:
       | It will pass down. Gov tax, social charity, bloodline, ... the
       | question how to make it better ... communist approach never work.
       | Hope those individuals directed more to better clause as many
       | endowment did. Or else ...
        
       | theandrewbailey wrote:
       | This doesn't mean that every boomer is a millionaire. Many YOLO'd
       | their way through life and are in debt up to their scalp.
        
         | HWR_14 wrote:
         | There seem to be two reasonable ways to die financially. With
         | sufficient financial assets that you've set up you descendants
         | in a beneficial way -or- in the maximum amount of debt you can
         | incur. The middle ground, neutral with a very small bequest to
         | your descendants seems like the worst
        
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       (page generated 2021-07-02 23:02 UTC)