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> Older generations, who benefit most from fiscal redistribution (via taxes and transfers), are significantly wealthier than younger generations. Wealth poverty
by gloryjulio 3y ago
> Older generations, who benefit most from fiscal redistribution (via taxes and transfers), are significantly wealthier than younger generations. Wealth poverty is significantly lower for older generations. Moreover, the wealth ratio of older to younger cohorts is relatively high in Japan compared with Germany and Italy, though lower than in the United States. The evidence thus points to significant wealth inequality across generations.
https://www.imf.org/en/Publications/fandd/issues/2020/03/shrinkanomics-policy-lessons-from-japan-on-population-aging-schneider https://www.imf.org/en/Publications/fandd/issues/2020/03/shr...
It's not a unique Japan problem tbf. The young people are getting shafted all over the world.
- kemotep 3y agoThis does not answer the question, what does the redistribution of services from the old to the young looks like. If the issue is wealth disparity, then why only target the elderly not the young people who are wealthy as well?
- gloryjulio 3y agoWhere do wealthy young people come from? You mean the one who inherited the wealth from their parents? Or do you mean income tax? Well the income tax is usually far higher than capital gain isn't it?