'Great wealth transfer' isn't $72T but $129T, and government gave it to boomers

Why is the author blaming older workers for not having a large inheritance?

Blackrock owns or invests in companies to raise (maximize) rents around the world. You might not even realize there's entire industries now to maximize what they can force people to pay for products, services, including raising rents.

Corps are squeezing every last penny from consumers, while mass inflation and sky rocketing interest rates.

Its a race towards the bottom with high prices while the corps make as much as they can.

https://www.axios.com/local/dallas/2022/10/18/texas-company-...

The purveyors of this kind of reporting want you to blame your aging neighbours, not the exploiting classes who actually legislate the system.

I feel like the boomer hate stuff is propaganda aimed at getting you to resent middle class old people instead of the ultra rich who actually run the show.

Ok but I’m willing to bet it was given to a small and specific set of boomers who own a lot of capital, rather than to boomers in general. Seems like we’re trying to distract people from class issues by fomenting discord between generations.

Just another round of divide and conquer to avert the plebs.

Don't look at us, it's the old folks. Look at how that homeless boomer grandpa is stealing your cookie.

> Boomers have quite simply been the biggest beneficiary of a “massive wealth transfer,” wrote the BofA team led by Ohsung Kwon, echoing Dalio’s observation that trillions of wealth flowed from the public to the private sector thanks to government policy since the 1980s, when boomers were in their prime working years.

The article doesn’t say what these policies were.

Exactly who are these boomers that have a portion of 172 Trillion? What is the actual distribution of this vast amount of wealth?