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This is exactly what one would expect to happen as the wealth gap between young (disproportionately affected by stagnant wages and student-loan debt) and old (d
by notacoward 8y ago
This is exactly what one would expect to happen as the wealth gap between young (disproportionately affected by stagnant wages and student-loan debt) and old (disproportionately benefiting from low taxes on property/investments) continues to grow. Some parents pass the proceeds onward, but only to their own children. Some parents can't or won't pass anything on to anyone. The end state is a rigid class system in which most people's wealth is determined by their parentage instead of their own efforts or accomplishments. The solution is to levy less tax on the young and poor, more on the old and rich.
BTW, I'm on neither side of this. I'm too young to be funding my daughter's college or early adulthood, but far too old to be on the other end of any such transfer. If anything, I'd be negatively affected by the suggestion above.