OPINION: Biden administration coming for middle-class money, not billionaires’ wealth
You can now listen to Fox News articles!Your War with a New Financial World Order and How to Fight Back" by Carol Roth. on the far left like to talk about the billionaires and ultra-wealthy paying their"fair share," the proposals that they put forth always seem to focus on keeping the middle class struggling.– which clearly isn’t meant to just go after 800 or so U.S.
Financial consultants Cerulli Associates, which track wealth trends, estimates that between 2021 and 2035 there will be a total of $84.4 trillion in wealth transferred. Of that, just more than $11 trillion is set to go to philanthropic endeavors , and a historic $70 trillion is set to be transferred to heirs. This would be a historic, free-choice transfer of wealth; assuming that the government doesn’t get there first.
Not only are median inheritances increasing, but averages are as well. A Wall Street Journal article reported,"The average inheritance in 2019 was $212,854, up 45% from an inflation-adjusted $146,844 in 1998, according to an analysis of Fed data by economists at a unit of Capital One Financial Corp."
Given that there is all this wealth that the government is salivating over for its needs and wants, what’s the plan to shift it from a voluntary wealth transfer to a forced wealth transfer ?
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