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It’s the greatest migration of wealth ever to hit humanity: The unprecedented flood of money, four times the size of the US gross domestic product, that will be passed along to a younger generation over the next half-century.
Fueled by rising asset prices worldwide and entrepreneurship, America’s multimillionaire and billionaire baby boomers have embarked on an unprecedented $59 trillion transfer of their fortunes, according to researchers.
The cream of America’s 1 percent have already started spreading theirmoney around like confetti to charities, foundations, trusts — and to their Gen X and millennial heirs.
It’s the greatest migration of wealth ever to hit humanity: The unprecedented flood of money, four times the size of the US gross domestic product, that will be passed along to a younger generation over the next half-century.
Fueled by rising asset prices worldwide and entrepreneurship, America’s multimillionaire and billionaire baby boomers have embarked on an unprecedented $59 trillion transfer of their fortunes, according to researchers.
The cream of America’s 1 percent have already started spreading theirmoney around like confetti to charities, foundations, trusts — and to their Gen X and millennial heirs.
It depends -- if they invested in something, that might benefit me.
Like it or not, the majority of people have it far better than people back in the old days like the 1960s or 1970s had it.
Imagine living without video game players, cell phones with unlimited long distance calling, unlimited text and data, imagine living without refrigerated air conditioning, microwave ovens, internet and wireless everything.
Most people born after the 1980s could not survive life back then.
Why isn't there a program for the middle class? The ones struggling under debt and crushing taxes and higher cost of living.
There should be a program for billionaires and multimillionaires where they get hooked up with a middle class family. Pay off their school debt, buy them a house or a car, and give them start up money for a business. Watch the economy boom.
Why isn't there a program for the middle class? The ones struggling under debt and crushing taxes and higher cost of living.
There should be a program for billionaires and multimillionaires where they get hooked up with a middle class family. Pay off their school debt, buy them a house or a car, and give them start up money for a business. Watch the economy boom.
There are programs......they are called jobs...work...investment....wise choices......
Why isn't there a program for the middle class? The ones struggling under debt and crushing taxes and higher cost of living.
There should be a program for billionaires and multimillionaires where they get hooked up with a middle class family. Pay off their school debt, buy them a house or a car, and give them start up money for a business. Watch the economy boom.
Yes....in fact it is that simple.....but, work for yourself.
Working for others makes money for them....not you.
I do work for myself and I still stand by my above statements. It's not just about me its the overall economy.
Maybe that's the issue. Enough people aren't thinking about the country, they're only thinking of their own personal situation.
I'm guessing your self employed as well, what do you think about the corporations that are in bed with the government that are monopolizing the markets through lobbying? What do you think about the current state of the Economy?
Do you honestly believe continuing down this current path is going to bring about some miraculous recovery?
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