The older generation could buy at a very low price and refinance during a very long almost nul interest rate era. Guess which generation owns the political and

The older generation could buy at a very low price and refinance during a very long almost nul interest rate era. Guess which generation owns the political and financial power... I am scared that in some high public debt countries they will confiscate value through (increased) inheritance tax... But I am even more scared by the ECB normalizing the interest rates...