Millennials have a fraction of the wealth the boomers had at the same age. College costs 10 times more today than when I went to college leading to college debt serfs. Homes prices are up 500% since I graduated thanks mostly to suppressed interest rates creating home mortgage debt serfs.
The Smart Bird
The Early Bird for Investors — Provides a summary of the best commentary and pertinent news
In the early years, the personal income tax worked as Congress intended, falling squarely on the richest. In 1918, only 15% of American families owed any tax. The top 1% paid 80% of the revenue raised, according to historian W. Elliot Brownlee.
…folks like my nephew actually aren’t your customer. They’re your product. Your customer is sitting right next to you, Mr. Griffin with Citadel.”