@chaleitscecil@_jaysaidit What?
He borrows 1 mil, so has to sell 1 mil to pay off the 1 mil. 1 mil taxable.
Or he sells 1 mil. 1 mil taxable.
So… he pays the same amount of tax either way. How is it less in your example?
@VladTheInflator No… to the yellow and red.
Comparing current boomer wealth to current millennial wealth is apples to oranges.
Compare wealth at same relative time point to paint a clearer picture.
Still, Gen Z and millenials are still *creating* wealth. Boomers are just sitting on it.