The most prestigious law school admissions discussion board in the world.
|
 |
 
|
Most annoying recent vocabulary development: generational wealth
Poast new message in this thread
Date: June 10th, 2025 12:46 PM Author: garnet frisky whorehouse where did this come from. zoomers all over youtube talking about "generational wealth" (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49002336) |
 |
Date: June 10th, 2025 6:46 PM Author: Shivering aqua candlestick maker fortuitous meteor faggots that want to sell you real estttate (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49003276) |
Date: June 10th, 2025 12:50 PM Author: lilac mediation private investor brown “people” (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49002344) |
|
Date: June 10th, 2025 12:51 PM Author: concupiscible chest-beating crackhouse ape I thought generational wealth meant building a legacy that would make multiple generations of your family exceptionally wealthy. Like 3+ generations are complete ballers. Like how 4 generations of the Astor family were exceptionally wealthy. Or in this Century how Joe Kennedy Sr made at least 3 following generations wealthy and socially relevant. |
|
Date: June 10th, 2025 12:52 PM Author: charismatic dun pit coffee pot it's just a recent new development in browncope (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49002350) |
|
Date: June 10th, 2025 1:24 PM Author: self-absorbed love of her life It's illogical that children should be rich just because their great grandparents found some oil in the desert. (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49002453) |
|
Date: June 10th, 2025 12:52 PM Author: mind-boggling menage It's annoying as fuck
Also annoying is referring to every other sports star as a generational talent |
|
Date: June 10th, 2025 1:11 PM Author: learning disabled cruise ship Next step is to explain how it fits into the oppression of brown and black bodies and POTUS AOC will tax the fuck out of it. Oh and it includes specifically 401ks. (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49002396) |
|
Date: June 10th, 2025 1:20 PM Author: rebellious really tough guy public bath Kirkland and Ellis made this popular. Gen Z just latched on. (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49002436) |
|
Date: June 10th, 2025 1:22 PM Author: self-absorbed love of her life Why do we allow inheritance in the first place? We know it doesn't come from common consent because we never put it up for a vote. If Americans were allowed to vote on what should be done with Musk's wealth after he dies, what do you think they'd choose? (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49002443) |
|
Date: June 10th, 2025 1:23 PM Author: Dead black church yarmulke Why is giving money to your family somehow punished more than wasting it on frivolity? (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49002451) |
|
Date: June 10th, 2025 1:24 PM Author: self-absorbed love of her life Because in the case of the former, you're already dead. No one is interfering with your life choices. (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49002455) |
|
Date: June 10th, 2025 2:01 PM Author: Dead black church yarmulke You are making the choice while alive and presumably this 100% estate tax wouldn’t permit unlimited lifetime giving or it would easy to escape. (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49002565) |
|
Date: June 10th, 2025 2:02 PM Author: self-absorbed love of her life Even if you make no choice and just get hit by bus at age 21, the state gives your property to whatever descendants you have. (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49002573) |
|
Date: June 10th, 2025 1:24 PM Author: french community account pozpig https://i.4pcdn.org/pol/1552251426368.png (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49002459) |
|
Date: June 10th, 2025 1:25 PM Author: harsh lake institution "Why do we allow inheritance in the first place? We know it doesn't come from common consent because we never put it up for a vote."
what the fuck retarded shit is this? why should "Americans" be able to "vote" on what happens to someone's private wealth? are you advocating for communism or something? |
|
Date: June 10th, 2025 1:26 PM Author: self-absorbed love of her life I'm not just talking about Americans you dumb fuck. lmao@ you thinking this is the only country where wealth is inherited. Go back to India. (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49002473) |
|
Date: June 10th, 2025 1:30 PM Author: harsh lake institution no idea what you're talking about man. you lost me at "common consent" (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49002482) |
|
Date: June 10th, 2025 1:32 PM Author: self-absorbed love of her life I was quoting John Locke. Those are his actual words. Go back to India. (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49002490) |
|
Date: June 10th, 2025 1:34 PM Author: harsh lake institution you're kind of butchering it man. although credit to you on the India point (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49002499) |
|
Date: June 10th, 2025 1:42 PM Author: self-absorbed love of her life lol the word "consent" appears about a billion times in the First Treatise. "Common consent" just means no one objects to something that's common practice. (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49002522) |
|
Date: June 10th, 2025 2:05 PM Author: harsh lake institution eh, it's possible i don't know what i'm talking about then. this all still sounds quite retarded. i'm sure Locke must have looked into the historical origins of inheritance. but the fundamental premise is that a man should be able to keep the keep that he earned. it shouldn't be confiscated by the group for redistribution. that's gaeyity at it's highest form (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49002579) |
|
Date: June 10th, 2025 2:08 PM Author: self-absorbed love of her life Locke kinda argued the opposite: he said it was never put to a vote. Furthermore, if we did put it to a vote, people would most likely want to confiscate wealth from dead richmos and distribute it to themselves. You don't think people would vote to give themselves a piece of Musk's money after he dies? They'd PREFER that it all go to Musk's kids? (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49002588) |
|
Date: June 10th, 2025 2:01 PM Author: avocado twisted organic girlfriend marketing idea (them)) (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49002568) |
|
Date: June 10th, 2025 5:43 PM Author: Yapping Address go the fuck back to China you freak (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49003128) |
|
Date: June 10th, 2025 1:24 PM Author: harsh lake institution does Gen Z oppose generational wealth? if so, link? (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49002454) |
|
Date: June 10th, 2025 1:26 PM Author: garnet frisky whorehouse it's the opposite. they all talk about building generational wealth. (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49002468) |
|
Date: June 10th, 2025 1:30 PM Author: harsh lake institution oh, well that's good then. i talk about that too. it's how I justify wage slaving to myself (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49002484) |
|
Date: June 10th, 2025 2:02 PM Author: avocado twisted organic girlfriend marketing idea low trust society yay (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49002570) |
|
Date: June 10th, 2025 2:03 PM Author: self-absorbed love of her life Everyone opposes it on some level, because it seems illogical on its face but we're not even allowed to debate it. (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49002576) |
|
Date: June 10th, 2025 2:06 PM Author: avocado twisted organic girlfriend marketing idea wow ((who)) is blocking that? (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49002582) |
|
Date: June 10th, 2025 2:11 PM Author: self-absorbed love of her life In every society on earth for all of recorded history? Probably no one, yet the custom endures. (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49002598) |
|
Date: June 10th, 2025 2:12 PM Author: avocado twisted organic girlfriend marketing idea def no one in 109 countries. (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49002604) |
|
Date: June 10th, 2025 3:37 PM Author: self-absorbed love of her life You can't name one country where it's not the law of the land. Go ahead and try. (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49002734) |
|
Date: June 10th, 2025 2:57 PM Author: Very tactful ticket booth Became a popular term during the peak woke years as an extension of white privilege. I also think it reflects social anxiety in response to HCL in coastal cities and popular areas where it's pretty clear a lot of generational wealth transfers is being used to help younger generations get on the property ladder. There's no denying a UMC family able to fully fund college, even a state university degree, and gifting $50-100k for a down on a modest house puts their child in a very different financial place in the long term than someone who has to spend decades paying off college loans and scrimping and saving to just get a down. That kind of economic pressure wasn't so evident in the past because even working class parents could pay college tuitions in the 50s-60s and housing was cheaper. (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49002698) |
|
Date: June 10th, 2025 3:27 PM Author: garnet frisky whorehouse ty for this scholarship (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49002720) |
|
Date: June 10th, 2025 6:44 PM Author: Very tactful ticket booth A perfect example is a college classmate of mine. When she was 26, her much older father died (parents were divorced) and she and two older half brothers from a first marriage split the father's estate, each receiving a third of a million. She used 300k of her share to buy a SFH in the bay area for 800k (circa 2007). No way she would have been able to afford it otherwise. House is now worth a cool 2.5M due to appreciation. She's a nice woman and with a good career but she definitely benefited from an early inheritance. Lots of stories similar to hers with family help. And these stories are increasingly dividing people into winners and losers because America is cleaving into winners and losers, including entire metro areas versus others.
|
|
Date: June 11th, 2025 5:52 AM Author: pearly stimulating home the modern economy depends on technological growth and when that game of musical chairs stops, then all sorts of financial levers need to get pulled to stop hyperinflation taking route. this is the natural consequence of that.
you also have government controls like prop 13 that amplify the issue.
unfortunately the western world (inclusive of russia) is mega shitlib compared to the rest of human civilization in the old world, so nobody is willing to just shoot vagrants and drug affiliated people to repair society overnight. |
|
Date: June 10th, 2025 6:38 PM Author: Startled Place Of Business Business Firm (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49003260) |
|
Date: June 10th, 2025 5:44 PM Author: blue stubborn lodge wtf are you talking about? this has been a term for as long as I can remember, my first recollection of it being used was in reference to the robber barons (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49003137) |
|
Date: June 10th, 2025 6:47 PM Author: Very tactful ticket booth As Disco explained earlier upthread, till recently "multigenerational wealth" was exclusively used for the very rich such as the robber barons. But in the last ten, especially five years, it's trickled down to prosperous middle classes launching their kids into the next generation of prosperous middle classes.
What I'm planning for my own kids - fully funded college/grad school and help with their first house - is now considered building multigenerational wealth whereas 20 years ago it'd just be seen as helping kids get started in life. |
|
Date: June 10th, 2025 6:52 PM Author: blue stubborn lodge no it isn't, generational wealth means you have enough that your grandkids can never be poor no matter what, nobody thinks paying for college is generational wealth you prole (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49003293) |
|
Date: June 10th, 2025 7:03 PM Author: Very tactful ticket booth Be as angry as you wish and have hissy fits over semantics online, in the land of the socially conscious progressive liberals, generational wealth has taken on a new and broader meaning. It's amusing but understandable once you understand their prism. (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49003309) |
|
Date: June 10th, 2025 6:54 PM Author: self-absorbed love of her life Why not look for historical parallels going back earlier in time, or in other societies? This was hottest topic in town for anyone who ever got conquered by Mongols. One man's "oligarch" is another man's "trust fund baby." (http://www.autoadmit.com/thread.php?thread_id=5735663&forum_id=2E#49003296) |