my question what are people without kids doing with their legacies in fifty years I assume not necessarily leaving it to other family? Possibly more likely giving it to nonprofits? Just spending to zero before they die?https://twitter.com/politicalmath/status/1219316215832727554 …
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Replying to @eigenrobot
Most of that wealth will just get trapped in illiquid investments (real estate) and then evaporate when people figure out nobody is there to buy that shit (outside of big cities) because every subsequent generation is getting smaller and golden retrievers/cats cant get a mortgage
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Replying to @acczibit @eigenrobot
And the houses are mostly poorly built dumps that will fall apart over time.
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Replying to @Ponzi1945 @acczibit
Landll still be there
12:32 PM - 20 Jan 2020
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