Excellent speculation. Add to that their out-of-control health care costs, which have been deliberately engineered to strip their wealth, and bankrupt families.
I truly believe that one of their objectives is to kill middle class inheritances. Back in the days when it was possible for the average person to actually build wealth through savings program, pensions, and Social Security. People would then inherit the result of their parents’ saving efforts, hopefully two inheritances for a couple, and somewhere in the 50s or so, between decent jobs, a decent savings account, and an inheritance or two, and a person might be able to retire early, or quit and start their own business, which a company isn’t going to like if if it’s competition. Even if it’s NOT competition, they don’t want to lose a highly experienced worker who might hold an important role. They want to fire them when they gets older, at THEIR discretion, not the workers.
Today, pensions barely exist, financial corporations manage retirement programs to benefit the firm over the investor, and savings accounts don’t have any significant interest. By the time someone dies, they have little or nothing left to pass on to their kids. If they died of a prolonged illness, they may even pass on debts.
So future middle-aged couples can’t look forward to a decent inheritance from their parents to boost their lives into retirement.
And future generations will also die with student loans still to be paid, which will have suppressed any savings opportunities for their entire life, as the career they spent tens of thousands to pursue, is now mostly poorly-handled by AI. I wouldn’t be surprised when the student loan generation starts to die, that the permanent MAGA government will force their heirs to pay off the loans, and saddle the next generation with the previous generation’s debt, too.
The overall objective is to keep prices high (which rich people can always afford), and keep us economically enslaved with several low-wage jobs per multi-generational household in order to stay alive, leaving little time to plot a Revolution.
Excellent speculation. Add to that their out-of-control health care costs, which have been deliberately engineered to strip their wealth, and bankrupt families.
I truly believe that one of their objectives is to kill middle class inheritances. Back in the days when it was possible for the average person to actually build wealth through savings program, pensions, and Social Security. People would then inherit the result of their parents’ saving efforts, hopefully two inheritances for a couple, and somewhere in the 50s or so, between decent jobs, a decent savings account, and an inheritance or two, and a person might be able to retire early, or quit and start their own business, which a company isn’t going to like if if it’s competition. Even if it’s NOT competition, they don’t want to lose a highly experienced worker who might hold an important role. They want to fire them when they gets older, at THEIR discretion, not the workers.
Today, pensions barely exist, financial corporations manage retirement programs to benefit the firm over the investor, and savings accounts don’t have any significant interest. By the time someone dies, they have little or nothing left to pass on to their kids. If they died of a prolonged illness, they may even pass on debts.
So future middle-aged couples can’t look forward to a decent inheritance from their parents to boost their lives into retirement.
And future generations will also die with student loans still to be paid, which will have suppressed any savings opportunities for their entire life, as the career they spent tens of thousands to pursue, is now mostly poorly-handled by AI. I wouldn’t be surprised when the student loan generation starts to die, that the permanent MAGA government will force their heirs to pay off the loans, and saddle the next generation with the previous generation’s debt, too.
The overall objective is to keep prices high (which rich people can always afford), and keep us economically enslaved with several low-wage jobs per multi-generational household in order to stay alive, leaving little time to plot a Revolution.