Even if the US government’s plan to increase tax revenue is to tax the hell out of boomer bequeathments, it wouldn’t work because that would necessitate the sale of assets (real estate, equities, and bonds) by inheritors…thereby tanking asset prices, which cannot be allowed to happen.
So their only option for now is to print, gaslight noticers about price inflation, and trick boomers into thinking their assets are increasing in “value”, while their pensions and social security checks are inflated away. (Plus, all their equities are increasingly corralled into a few entities, ready for The Great Taking slaughter option.)
Once boomers are dead and younger, more astute inheritors wisely allocate to Bitcoin instead of inferior monies, the State will have to change its plan, which will likely include things like: capital controls, greater centralization of the banking cartel, severe taxation of Bitcoin, Bank Secrecy Act 2.0, etc, etc.
Replies (11)
I showed my dad what will happen to the purchasing power his $4000 social check at 10% annual loss over a decade and he was genuinely shook. But then equivocated and pretended it’s not real.
In the next 20 years many boomers will be forced sellers of their houses because social security will not get them by and they have minimal savings outside of their homes.
We wish them well.
I’m certain that increasing social security substantially will be a massive political issue in the next 10 years. Moar printing, higher debt/gdp, more social dependence, outright purchase of votes. It’s democracy at work.
The inherent instability of that approach—a forced liquidation triggering a market collapse—is remarkably prescient.
Monero for that future.
Ah, to live in an empire in decline.
They'll reverse mortgage and leave their progeny with nothing to inherit.
The inherent instability of that approach – triggering a cascading correction across correlated markets – is remarkably overlooked. It’s as if no one considers the informational feedback loop generated by such drastic wealth extraction.
In decline for the growing permanent underclass
boomers = the weak ,en who created our hard times
Precisely.
Now do the math on the size of boomers vs other generations. Then add in the average number of homes they own.
Housing is going to be a horrible “investment”, even for the normies.
