What is so magical about $68 trillion? It is the amount of money that is projected will transfer from Baby Boomers (born between 1946-1964) to their heirs over the next 25 years, according to Cerulli Associates. Mind-boggling, at best. Generation X (born between 1965-1980) stands to be the primary beneficiary of this wealth transfer.Kiplinger.com
And I thought those greedy billionaires had all the money.
So the obvious way to fund the 3.5 trillion ‘infrastructure’ plan is to tax Baby Boomers’ inheritances at about 5% instead of confiscating the ‘wealth’ of the ‘rich’. But no politician who wants to keep their job (all of them) will touch that.
Millionaire race hustlers create a boogeyman to extort guilt money from useful idiots.