
Originally Posted by
alloy2
we baby boomers inherited our parents fortunes.
Just as my father had left me his legacy, my children will benefit from mine when I'm gone.
I apologize for cherrrypicking but the subject of generational wealth is an interesting one. It's a bit off topic ... and drifting a bit into politics ... but things seemed to have changed as we've drifted further left of center toward socialism & communism.
The center left folks don't like generational wealth. They would rather see those resources folded back into the collective.
The way it's being done here in Maine is through the healthcare system. Providing healthcare for seniors is horrendously expensive. It gradually erodes their lifetime savings to a point where they have to go on public assistance. Once on public assistance ... the state can lay claim to the beneficiaries estate after they die. For most people ... their life savings are tied up in their homes. That's the generational wealth they would pass on to their children. Once a senior enters a nursing home ... the value of their home is toast within a few years.
They are a little more honest about it in China. The ownership of real estate reverts back to the state when a citizen of that country dies.
Anyhow .... waaay off topic. Maybe you can steer it back to something closer to the subject at hand.
Do you get much platinum out of the contact buttons ? Is nitric acid difficult to source ?
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