brycejones
Lifer
- Oct 18, 2005
- 27,739
- 26,903
- 136
Hoarded money that hasn't been taxed at approriate rates, will be passed through at reduced tax rates and tens of trillions of dollars of investment in actually improving things like education, infrastructure, and healthcare will be missed. Plus we're paying for their wars of choice they didn't want to pay for.What?? The boomer generation will be transferring ~68 Trillion dollars to their children and charities as they die off over the next ~20 years. It's more complicated than that, you can read here for something that goes into a bit more detail: Millennial Inheritance.
Decades of underinvestment in our country is like technical debt in a computer application instead of addressing issues when they were less expensive to fix we've waited and waited until the amount required to catch up just keeps increasing and it increases at an ever greater rate because more work has to be done.
See things like water systems and roads. The boomers pretty much rode out the investment of previous generations and did little to maintain that infrastructure now it's shot to hell and a massive problem for those coming after them to deal with. See the refusal to start dealing with climate change in a serious way. I could go on and on.

