Be under no illusions: With government debt levels at record highs, and private sector wealth at even more dizzying levels, it is a matter of time before governments start taxing wealth more thoroughly, according to this deep-dive from UBS (PDF). “The great wealth transfer [from the Baby Boomers to their inheritors] means record amounts of wealth will change ownership in the next two decades. Indebted governments will not ignore this,” the bank says. It expects governments to “mobilize” wealth through “financial repression” (incentivizing savers to invest in government debt, thus lowering interest rates, and capital gain taxes.
"Unpopular opinion but I’m so happy it’s Clint," wrote X user @caroldirge. "Before Emily was added as a romance option he had a cute-awkward arc with her that ended with a carnival date. After, he got branded as a weirdo, creep, incel by the community. I want this blacksmith to be happy too."
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