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[quote=Anonymous][quote=Anonymous]Well, I didn't have this on my bingo card...but I suppose grifters gonna grift.

[b]Governments are likely to pillage the $80 trillion ‘Great Wealth Transfer’ to fund their national debt, says UBS[/b]

"If you’re eyeing the $80 trillion promise of the Great Wealth Transfer and wondering what it may do for your personal finances, you’re not the only one. Governments are asking themselves the same, according to UBS.

The eye-watering sums due to change hands via inheritance in the coming decades, will change the financial fortunes of millions of people. But it could also help rectify the fiscal trajectories of some of the world’s most advanced nations. Those funds, UBS says, could be used to balance the books for countries with high levels of unsustainable national debt.

Studies have found that over the next 20 to 30 years as much as $124 trillion will be passed down from older generations to their younger counterparts. The baby boomers—people born between 1946 and 1964—are the wealthiest generation in history. As these individuals begin passing on, sums will go immediately to their Gen X, millennial, and Gen Z successors, and some cash will go to spouses.

But UBS chief economist Paul Donovan believes governments will want to add their names to the list of recipients. He said: “At UBS, our modeling suggests that over the next 20 years, over $80 trillion of wealth will change hands.

“The change in wealth comes at a time when many governments around the world have high debt and deficits. It seems unrealistic to suppose that governments will just sit idly by as this wealth moves around. We would expect governments to attempt to mobilize that wealth to help fund their debt, but in doing so that denies private sector investment access to some of those funds.”"

.[b]..it goes on to say that women will inherit[/b] and that they are self-sufficient without it, so they shall taketh...

https://apple.news/ANiJtGzf6REqq3WlQQBVYzg

[/quote]

Makes one wonder if they will create a new witch trial to go after widows, again.[/quote]

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