What will happen to the economy/stock market once most of the baby boomers start to die off between 2020 - 2030?
Do millennials have enough positive cash flow to sustain the GDP growth required to compete with India and China?
We can then rebuild the economy they chopped up and sold piecemeal to the third world chasing the office next to the corner office; meanwhile, they neglected their children, parents, god, and communities.
I'm an X'er though, so my opinion is a bit skewed.
The Babby boomers killed America. Their motto of greed is good got them here today and they will have their golden years in poverty. Its their fault for spending their money on stupid shit and not saving and investing. How do you think millennials learn how to spent their whole paycheck?
That's what I said at the end. They learn it from the babby boomers. So that self-interested consumerism will follow with the millennials. Unless someone agreed to pass regulations.
Not even sure what you're trying to say here.
If no inheritance tax is created, then the boomers will have unknowningly created an elite ruling class disconnected from the rest of society that keeps the ball rolling. We will have to increase inheritance taxes and redistribute that concentrated wealth so the economy can function.
Youre thinking way too long term.
Within 10 years the 5.4 million jobs associated with driving will be teplaced by automated cars. With it all those highway toens dependant on truckers will dry up.
Its already a service evonomy. How many baristas can wr support? Inb4 luddite , this isnt the same as the original industrial revolution where you were teaching farmers to attach a cog to a sprocket. We dont have 5.4 million jobs and truckers certaintly arent the type who would be great candidates for programming (if those jobs existed)
We have a drink called soylent. Legalizing of marijuana and vr technology all happening at once , the NEET phenomenon is going to seem way better than the hell that is most peoples reality in short order (vr sex , think about what that alone does to many industries and ways of life)
So much disruptive tech is about to wipeout entire industries , gdp growth vs india and china is hella low on the list.
Nigga have you seen the demographics in China? Competing with their millenial generation is not much of a concern, given that each of them has to support two parents on single family incomes and no state pension.
If you're lucky, Kumar might give you a jerb. Hope you kept the poo in loo comments to a minimum.
I really want to know the origins of the inheritance tax idea. The thought that I shouldn't inherit my family's homestead because other families didn't build their wealth over generations is abhorrent to me.
Seriously, can someone tell me where and when this idea first started getting air time?