How Baby Boomers Are Destroying Millennial's Economic Futures
Economic, income, and wealth inequality are permanent challenges facing every country, however, in many eyes intergenerational inequality is the worst its ever been.
The conversation explores the intergenerational wealth divide between boomers and millennials.
In it, Sven Steinmo - professor at University Colorado Boulder, and l discuss the challenges faced by millennials in terms of economic inequality, housing affordability, and financial squeeze.
We also look at the impact of globalisation on inequality and the need for a re-evaluation of education.
The role of taxation and radical policies to address inequality are considered, as well as the debate on natural inequality and the potential consequences of extreme wealth inequality.
Takeaways
There is a significant intergenerational wealth divide between boomers and millennials, with millennials facing challenges such as economic inequality and housing affordability.
Globalization has contributed to growing inequality, with the elite benefiting from the ability to put their money anywhere, while the rest face increasing competition and lower wages.
There is a need for a re-evaluation of education to prioritize practical skills and financial literacy, in addition to academic knowledge.
Taxation policies, such as wealth taxes, can be considered to address extreme wealth inequality and fund social programs.
The debate on equality and inequality involves discussions on natural inequality, the role of government, and the potential consequences of extreme wealth inequality.
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