/biz/ - Business & Finance

They'll live so long we'll be Boomers by then

bitcoin goes to 1 milli
duh

>>57569453
TAXATION

>>57569453
They’ll outlive their kids and any wealth left behind will go to the government.

>>57569815
This

>>57569453
the silent gen (Biden-tier great gramps) hasn't even fully died yet. have some patience.

>>57569453
the faggots complain about Gen X

>>57569453
boomers wont die for 40 years so just squat in their homes they have 5 empty rooms

>>57569453
We'll be old and riddled with tumors by then.

>>57569453
Wow crazy

>>57569453
we get their money.

>>57569453
when they become too old to mow their lawns, the money all end sup back in mexico via the gardener..which ends up back in the us because they spend it all on coca cola

>>57570091
This. I don’t understand what point op is even trying to make. The oldest generation at any given time will be the richest since they lived the longest and had the most time to accumulated l. Eventually even millennials and genz will where boomers are now.

>>57570099
lol

>>57570054
The youngest boomers, yes. My dad died a couple years ago but I guess he was technically the Silent Generation. I've got some of my own money and now I have some of his. But there will be more later. Don't wait for them to die to make some money is all I can tell you. People can live a long time now. The main thing to keep in mind, however, is that the boomers are going to increasingly be retiring and the number of competent white people in the workforce is going to be dropping really fast. So if you're halfway intelligent and have low time preference, there will be some demand for you somewhere. Picrel, I am in the middle of Gen X.

Some big war will happen and the wealth of the boomers will magically disappear into the ether

>>57571237
Soon.

>>57570099
And by "we" I mean us jews, specifically. Reverse mortgages, charities, inheritance taxes. We will keep everything. Pull yourself up by your own bootstraps and go to work.

>>57569453

The wealth will just flow down into gen-x and gen-y.

I don't think there will be a "crash" when the Boomers die off. The money is already there, it's not going to dissappear, it's just going to flow to gen-x, gen-y and corporations who will in-turn use it to either buy more goods and services, or invest it into the stock/housing market.

>>57571307

have already put mom's home in a trust and it will transfer to me before she goes in the retirement home. No reverse mortgage or inheritance tax or clawbacks. Get fucked, Shlomo.

Gen X slides in the grab the mantle and keep the status quo going because "like, life sucks man, but you just do it and know it sucks!"

>>57569453
Older people have more money. This isn't a surprise. It will eventually be inherited by millennials and zoomers unless you have faggot parents/grandparents who give it to charities to squander on the CEOs salary.

>>57571216
Fellow Gen X on the younger end. I lost my father, too. I miss him every day. Money wise, my parents held every penny of inheritance from both sets of my grandparents, sold the family land passed down to them rather than keep it to pass down (some of it dating back to pre-Civil War family ownership) and everything went to my mom. I love my mom but she has continued to hold fast to every penny. It was up to me and my siblings to make our own ways in life without a single penny of help from elders (a generational first in my family) and the result has been delayed or no marriages and no grandkids. I love my mother, don’t get me wrong, but in her old age she’s mouthing around about setting up trusts and wringing her hands about what charities she should choose to leave money to. I have no earthly idea what went wrong with the boomer generation with their attitude towards money, because I know my parent’s mindset was in no way unique. If it had just been a personal avarice thing, fine. That would have hurt only us largely and made for a smaller Gen Y population. The most damning thing of all their generation left for us was opening trade with China, NAFTA, needlessly heavy-handed Civil Rights laws that punish whites, and hopelessly out-of-control immigration. All while they delayed retirement for as long as possible, many re-entering the workforce to build a second retirement source to pull from and shutting younger generations out from many of what good jobs remained because there was no way to compete with their experience. Some are STILL working. And there was fuck all Gen X could do about it, being hopelessly outnumbered at every turn at the ballot box (if voting mattered back then). You’d think Gen X, Y, and Z could get something done now due to collective voting power but too many young people have been brainwashed to want socialism/communism/UBI/rights for this brown person/kill babies/THE EARTH IS DYING so we’re all just fucked in general.

>>57569453
before they die they mortgage everything for jewish cancer treatments

>>57569453
It ends up filtering into the hands of Gen X and the members of Gen Y that were their delayed children. Even if not directly, indirectly. That wealth doesn't just magically evaporate unless there's a global war that causes it to massively evaporate, in which case you probably have way fucking more to worry about than inheritance if there's a war going on that's capable of wiping out half of the wealth in the United States. A substantial number of Gen X and Y are more or less just millionaires in waiting, it's actually pretty surreal to think about.

>>57571762
Boomers share of wealth is disproportionately large even accounting for age.

>>57569453
Younger generations are getting none of it. Majority of it will be spent on near death healthcare (in fact majority of boomers will sell their real estate to pay for it or even involve their children in paying), rest will be taxed. Small remainder will be given to the offspring, but that may be just enough to cover funeral expenses and part of unpaid expenses the boomer left behind.
Basically, who's getting all that money? Corporations and undesirables.

>>57569815
yep. my parents have personal physicians and are getting tests done constantly. i cant even think about going to the dentist or doctor without alarm bells going off

>>57571901
Holy paragraphs please. Why don’t you just ask your mother for money if she wants grandkids? Are you afraid she’s going to write you out of the will completely?

>>57569453
Jubilee

>>57571295

>>57571314
>The money is already there
lolno. The derivatives are there. When it all comes crashing down, either right before or right after the boomers die off, it will be the greatest transfer of wealth in modern history.

>>57572177
Na. It doesn’t really matter anymore. Just laying out the general history to paint a portrait of the boomer mindset. I don’t expect to inherit anything and it’s not important. I think what’s more important is how the boomer voting block pulled the ladder up, leaving future generations poor opportunity to build their own dreams. It’s one thing to deny your children food from your plate but another thing entirely to kick the door in and invite hundreds of strangers to the table while pulling your kid’s chair away.

>>57572625
>It’s one thing to deny your children food from your plate but another thing entirely to kick the door in and invite hundreds of strangers to the table while pulling your kid’s chair away.
Very well said. They sold out their children and children's children for convenience and cheap goods.

>>57569453
government raise inheritance tax and steal everything

>>57571901
You've said it all anon. I can't add anything to your analysis. Gen X is being asked to inherit the biggest shit sandwich of a society imaginable.

I've heard this about the boomers and donating to ghey charities a lot. And the one thing I'll say about my family is that we don't really do that. Not with inheritance anyway. Maybe they'll make some donations while they're alive but the understanding has always been that you take care of family. My family are mostly libtards but they're not leaving their kids birthright to the NAACP or some shit.

My aunt got the bulk of my grandparents wealth. She had no kids which means a lot of it will probably come to us eventually. Some of my father's wealth is tied up in a house and trust that we don't get until step mom dies. And then my mother has a property but not much beyond that. All in all I'm probably one of the luckier Gen Xers because the boomers in my family actually understand how hard it is for us and they worry. Dad actually started giving us some of the money years before he died just to make life a little better. And he helped pay for my nephews education. I should make it to 7 figure net worth this bull run so I'm not too worried. I'll have enough of a war chest to not have to ever live with blacks and will probably be able to fuck off into the Pacific North West somewhere and just fish and hike for the next 30 years.

It even says in the bible something along the lines of "imagine dropping in an unknown land, with nothing, forced to find means from nothing, what would you wish that you had been given" or something along those lines, and calls it a sin not to pass on anything to your sons. And in the grand scheme of things if you cannot pass anything to your bloodline, but instead squander it so the next has to pick up from scratch, you are a shitstain on your own name. Most of the wealthy 'elite' are simply families that have understood this concept and have passed on their hardwork, that has compounded, and each generation teaches the next and so on. The fact most people have many generations in a civilised society shows how hard it seems to be for human beings to understand this concept

>>57569453
Boomer children get the homes and use the remaining 401ks to pay property taxes if they don't squander it. But they don't form families with that kind of wealth and gradually there's an erosion and collapse of housing values as these homes get liquidated

>>57570091
but... what happens when gen x dies..

>>57575112
Nothing. You can take a look around and see how in politics or in corporations once a boomer steps down they’re usually replaced with Gen Y. People notice if they’re female or not white (or both) but they don’t notice age.

>boomer eventually d ies
>his kids are 70 and use it to buy new cars

ok