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Many U.S. policies, from tax cuts to social program funding, effectively shift wealth from younger generations to older ones. This is evidenced by prioritizing Social Security adjustments over the child tax credit, making it harder for young people to achieve economic stability and start families.

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The economic struggles of young men are not just a result of market forces but a direct consequence of policies that have systematically shifted wealth from younger to older generations. This manifests in unaffordable education and housing, crushing debt, and lower relative wages compared to their parents and grandparents.

Current fiscal policies represent a massive wealth transfer from young to old. Framing national service as a direct, large-scale investment in youth counteracts this economic imbalance, shifting national priorities and resources back to the next generation, effectively fighting a 'generational war' through policy.

Economic policies benefiting older, asset-owning generations at the expense of younger ones are reshaping politics. The traditional left-right divide is becoming less relevant than the conflict between classes, which is highly correlated with age, creating unusual political alliances between formerly opposed groups.

Preventing market corrections and bailing out established businesses protects the wealth of older generations at the expense of the young. Recessions and asset dips are healthy, as they allow those in their prime income-earning years to buy assets like stocks and real estate cheaply—a crucial mechanism for wealth building that is now being stifled.

Scott Galloway connects societal issues like declining birth rates to tax policy. He notes that over 40 years, seniors grew 72% wealthier while those under 40 became 24% less wealthy. This economic precarity disincentivizes family formation.

Social Security is framed not just as a successful anti-poverty program, but as a system that annually moves over a trillion dollars from the younger, less wealthy working-age population to the most affluent generation in history, who are often asset-rich.

Galloway argues tax policies like capital gains and mortgage interest deductions disproportionately benefit older asset-holders. He proposes eliminating them and creating tax holidays for people under 30 to combat generational wealth inequality.

The tax system favors gains from investments (capital) over income from a job (labor). Since older generations hold the majority of assets and younger generations rely on wages, this structure creates a continuous, systemic transfer of wealth from the young to the old.

The federal budget reflects the values of those who vote. Since young people vote at lower rates than seniors, policies benefiting seniors (like Social Security adjustments) are prioritized over those for children (like the child tax credit), effectively defunding the young.

Broad, non-means-tested stimulus programs, like the COVID CARES Act, function as the greatest intergenerational theft in history. They overwhelmingly benefit asset-owning incumbents by inflating housing and stock prices, while burdening younger generations with the debt used to finance the bailouts, effectively locking them out of asset ownership.

U.S. Economic Policy Is a Thinly Veiled Wealth Transfer From Young to Old | RiffOn