> a massive redistribution of wealth from this age bracket into older demographics
I'm not defending the current system/situation, but this seems to mischaracterize the article it links to.
Wealth wasn't redistributed, because millenials (more generally, younger generations) didn't have it to begin with. What happened was that older generations were able to - and did - capture almost all of the surplus that was generated.
I'm not saying that the author intentionally mischaracterized this. I'm saying that you can't solve a problem if you don't understand the nature of the problem. You can't solve a problem by focusing your efforts on a different problem (possibly the wrong problem, at least in this context).
I'm not defending the current system/situation, but this seems to mischaracterize the article it links to.
Wealth wasn't redistributed, because millenials (more generally, younger generations) didn't have it to begin with. What happened was that older generations were able to - and did - capture almost all of the surplus that was generated.
I'm not saying that the author intentionally mischaracterized this. I'm saying that you can't solve a problem if you don't understand the nature of the problem. You can't solve a problem by focusing your efforts on a different problem (possibly the wrong problem, at least in this context).