Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
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.
And then of course those heirs will simply sit on all that cash.
My friend and I saw a boat in the Virgin Islands that had to cost 50 million dollars. It was actually rentable for 750,000 dollars per week. He sneered "some people have too much money". After researching it for five minutes on my iPad, I learned that it took 20 people to crew the boat and that it took a shipyard in the Pacific northwest with a workforce of almost 100 people almost two years to build.
Imagine that. All it took was five minutes and an iPad to make my friend look stupid.
"Top 1 Percent Spreading $60T Wealth But Not to You"
Yes they are. Unless that cash just gets burried in a jar in the backyard, it will be spent. So even if a person does not contribute to society and expects a handout, it will come their way from that wonderful pot of inherited cash that celebrities, sports stars and business owners have accumulated.
The top 1 percent aren't taking money from any of us. They simply are getting rich off their assets. Im more worried about those that want the government to support them.
It really boils down to jealousy with those that have the constant complaints about the rich.
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.
Then tell me oh wise one, where should their money go? To you? To the millions of the sick, lame, and lazy? Where should THEIR (key point here, THEIR) money go?
Well Dems will defend Nancy Pelosi even though she's in the top 1% by saying she has no power to start a bill in the House to increase taxes on the rich.
Harry Reid has power to start a bill (remember the loophole they used to pass the ACA). So bills can start in the Senate. Harry Reid is also part of the 1%. Net worth of top 1% us between 6-8 million. Harry Reid falls into that figure.
Put your money where it's at Dems. Tell your Senate Majority leader to pass a bill to redistribute his own wealth along with others.
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.
Hey, if YOU are so upset at what someone else does with THEIR money, why don't YOU send YOUR money to those you think should have it.
I smell a lot of jealousy here!
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
