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Wow. Just, wow. Let me read what you said another way: “let’s tax old people” Young people don’t have money compared to older people because old people have

• somewhereoutth 7y ago
  $2M was roughly based on a decent house and a comfortable pension. For most this is a pipe dream anyway. Young people don't have money because the balance between return on labour and return on capital have shifted in the favour of capital. Near zero interest rates with consequent asset inflation is one mechanism by which this has been achieved. Eventually the people actually doing the work will say enough is enough (or hit the opiates), and society starts to crumble. Go have a look at the nearest bridge or highway (in the US), you will see what I mean.
• Gibbon1 7y ago
  > because old people have generally spent their lives saving it. Hah My old man and his wife have a couple of million in real estate and paper assets. For the most part they didn't 'save' any of it. It's theirs due to policies that promote asset inflation. Seriously. They bought houses in the early seventies for probably around $80k total. Adjusted for wage/price inflation, $500k. Financed natch. Now worth about $4 million. Yeah their 'savings' amounts to about 12% of their real estate wealth. Likely even less percentage of their paper wealth.