CantaloupeLifestyle@lemmy.world to

politics @lemmy.worldEnglish · 1 year ago

The ‘great wealth transfer’ isn't $73 trillion but $129 trillion, Bank of America says—and the government gave most of it to baby boomers

cross-posted to:
antiwork@lemmit.online

602

The ‘great wealth transfer’ isn't $73 trillion but $129 trillion, Bank of America says—and the government gave most of it to baby boomers

CantaloupeLifestyle@lemmy.world to

politics @lemmy.worldEnglish · 1 year ago

cross-posted to:
antiwork@lemmit.online

Boom! Government policy has really enriched a certain generation of Americans—ones who have been in power for decades.

Chat

bassomitron@lemmy.world
link
fedilink
English
arrow-up
35
arrow-down
1·
1 year ago
Rather, 5*0 for 99% of us. The millennials who are kids of those hyper ultra rich will be 5 times richer.
- Frozengyro@lemmy.world
  link
  fedilink
  arrow-up
  8·
  1 year ago
  Well for it to average out, they would get 500 times richer.

politics @lemmy.world

politics@lemmy.world

You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !politics@lemmy.world

Welcome to the discussion of US Politics!

Rules:

Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.

Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.

Example:

Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to “Mom! He’s bugging me!” and “I’m not touching you!” Going forward, slapfights will result in removed comments and temp bans to cool off.
Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.

That’s all the rules!

Civic Links

• Register To Vote

• Citizenship Resource Center

• Congressional Awards Program

• Federal Government Agencies

• Library of Congress Legislative Resources

• The White House

• U.S. House of Representatives

• U.S. Senate

Partnered Communities:

• News

• Business News

• Political Discussion

• Ask Politics

• Military News

• Global Politics

• Moderate Politics

• Progressive Politics

• UK Politics

• Canadian Politics

• Australian Politics

• New Zealand Politics

Visibility: Public

This community can be federated to other instances and be posted/commented in by their users.

4.17K users / day
10.3K users / week
14.7K users / month
26.2K users / 6 months
1 local subscriber
19.1K subscribers
14.7K Posts
397K Comments
Modlog