the_dunk_tank
It's the dunk tank.
This is where you come to post big-brained hot takes by chuds, libs, or even fellow leftists, and tear them to itty-bitty pieces with precision dunkstrikes.
Rule 1: All posts must include links to the subject matter, and no identifying information should be redacted.
Rule 2: If your source is a reactionary website, please use archive.is instead of linking directly.
Rule 3: No sectarianism.
Rule 4: TERF/SWERFs Not Welcome
Rule 5: No ableism of any kind (that includes stuff like libt*rd)
Rule 6: Do not post fellow hexbears.
Rule 7: Do not individually target other instances' admins or moderators.
Rule 8: The subject of a post cannot be low hanging fruit, that is comments/posts made by a private person that have low amount of upvotes/likes/views. Comments/Posts made on other instances that are accessible from hexbear are an exception to this.
Rule 9: if you post ironic rage bait im going to make a personal visit to your house to make sure you never make this mistake again
view the rest of the comments
Inheritance.
If I inherited 1,000,000 dollars cash, let’s say after taxes and assuming I didn’t inherit the money through a trust or some other tax evasion scheme, in 2010, that purchasing power today is worth roughly 70%. A million dollar house would be worth significantly more over time just from rising property values, and in addition, really the major component, is that there are inheritance laws that favor passing on property as a way of creating generational wealth.
Yeah but home ownership is sold as wealth building to the home owners isn't it? I can't spend money while I'm dead
It’s sold as wealth building in the same way they sell the idea of investing. “You too can become petty capitalists.” But I think you’re absolutely right. And like in the case of my parents, they were priced out of their house from rising taxes before having the ability to transfer that wealth to their kids