The ‘great wealth transfer’ isn't $73 trillion but $129 trillion, Bank of America says—and the government gave most of it to baby boomers

CantaloupeLifestyle@lemmy.world to politics @lemmy.world – 640 points –
The ‘great wealth transfer’ isn't $73 trillion but $129 trillion, Bank of America says—and the government gave most of it to baby boomers
fortune.com
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I think it has to be both.

There are many times throughout the history of the United States where a community came together and became prosperous only to have everything taken away by people supported by the state through shit laws and/or law enforcement turning a blind eye. Look at Black Wall Street aka the Tulsa massacre.

I get that corruption is prevalent and is difficult to clean out, but there was massive sea change after the 1930's crash that lead to the US having a massive, strong, and healthy middle class.

Oh like we did too Cuba and any other would-be socialist nation?