• Viking_Hippie@lemmy.dbzer0.comOP
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    1 day ago

    The old have money, because in their time, they still participated had opportunities to participate

    Fixed it for you.

    Nowadays most of the generated wealth goes to the wealthy, not to those who generated it.

    🧑🏻‍🚀🔫🧑🏻‍🚀

    This hits both old and young.

    But the vast majority of the rich are old, and the vast majority of the young are poor.

    The money that the youth is lacking went to the rich, not to the old.

    Again, the rich are mostly the old.

    Far from all old people are rich, but the vast majority of rich people are old and/or have inherited wealth.

    • Xtallll@lemmy.blahaj.zone
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      1 day ago

      The vast majority of the old are poor also. And the vast majority of the Rich would fit in a moderate concert venue.

      • Viking_Hippie@lemmy.dbzer0.comOP
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        1 day ago

        Fact is that my generation, Millennials, are the first generation since the 1930s to grow up economically worse off than our parents and it’s only gotten WORSE for the following generations.

        To the point that Boomer/Gen X middle of the middle class is rich by Millennial/Gen Z standards and will be considered economically obese by the time Gen A become adults.

        • Bubbaonthebeach@lemmy.ca
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          1 day ago

          Which may represent reverting to the norm of history where very few were rich and everyone else was a peasant. If you want to change this look to the governments after the Depression and World wars. What did they do? High taxation for real public good.