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So we need the old transfer some wealth to the young. The old mostly have assets like stocks and houses. The young can’t earn enough to accrue assets. So tax t
by bix6 1y ago
So we need the old transfer some wealth to the young. The old mostly have assets like stocks and houses. The young can’t earn enough to accrue assets.
So tax the wealthy / old higher. Increase social safety nets. Increase wages. Give all employees equity. Stop share buy backs. Force CEO to median / lowest employee comp maximums. Break up monopolies. Make school cheap / free. Build more housing. Stop monocropping.
I can go on and on with ideas but I think the political will / capture prevents this so I guess we’ll just topple over instead.
- jleyank 1y agoWealthy people of any age have most of the money…. Check the prices of assisted care to see where home equity will go for the old. And ignore the yowls of the kids looking for the inter generational transfer of wealth. As far as stocks and bonds go, I thought the HN readership was into that. Can’t penalize somebody who has the advantage of time re equity growth on the basis of age. If you want to be fair, again, tax wealth.