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Exclusionary zoning and high university administrative costs are basically a transfer of wealth from millennials to baby boomers.
by pkaler 8y ago
Exclusionary zoning and high university administrative costs are basically a transfer of wealth from millennials to baby boomers.
- asabjorn 8y agoThe student loan bonds probably benefit the ones owning them the most, which is not baby boomers in general. Maybe retirement funds buy them so they indirectly benefit? Exclusionary zoning benefit those that own housing the most, so it does benefit a bunch of baby boomers. However, those with leverage of existing rental units seem to benefit the most because they gain leverage through rental income in the same market as they buy new units in so they can slowly gain new low-risk wealth over time without changing their cost/revenue balance. In general low-risk investments such as student loan bonds and rental properties should be low-margin. However, due to regulations that stop the market from doing its thing that is not the case.
- njarboe 8y agoI believe the "baby boomer" cohort in the US owns the majority of the wealth, probably just because of the age and size of it. They have the voting and economic power to control society. They should be careful not to create a large angry cohort of young people as they head off to retirement, leave the power centers, but still draw on the resources of others. So far they have done a poor job of that. Maybe universal surveillance, AI, and robot soldiers can prevent the younger generations from clawing back some of the wealth extracted from them, who knows.