Often called the Great Wealth Transfer, the inheritances are expected to be the largest passage of generational wealth in history. Baby boomers are set to pass…
NZ Herald ·
Yeah nah, my boomer parents are leaving me their mortgage and a broken lawnmower. Some wealth transfer…
So the rich get richer and the rest of us get to watch from the sidelines. Great.
Preach. We're all just paying for their retirement via tax cuts for the rich. Bloody joke.
My parents are boomers but they're not rich. They'll leave me a few thousand and some memories lol
same here. The 'great wealth transfer' is a myth for most of us.
I work 2 jobs and still can't afford a house. Meanwhile my mate's dad is a boomer property mogul. It's a rigged game.
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my boomer dad is a landlord with 4 houses. I'll inherit one. Not complaining but it's unfair af.
be nice having a mate with a rich dad. Some of us are just scraping by.
Fuckin called it. The wealthy just pass it around amongst themselves while the rest of us eat shit. Tax the fucking inheritance properly!
This is exactly why we need a proper inheritance tax in NZ. The inequality is out of control.
Exactly. We need to break this cycle. Tax wealth transfers over a certain amount.
stuffed, we work hard too. Not our fault your parents didn't buy property in the 80s.
So basically if you're already rich you get a bonus, and if you're not, you get nothing. Classic.
Boomers had it all: cheap houses, free education, and now they get to hand it to their already comfortable kids. Must be nice.
