A Vision of a Moneyless Economy
Introduction: A Vision of a Moneyless Economy As an American millennial, I’ve experienced a unique position in history, one where the values of sacrifice and support have collided with a harsh economic reality. My father, a Baby Boomer, sacrificed much to ensure I had opportunities, even offering me the last of his investment funds—nearly $50,000 in 2005—to help me through college. His act was one of love and dedication, and I honor it deeply. Yet, as I navigate my life and the world we now live in, I recognize that this gesture also highlights a broader, more troubling story about generational wealth and the system that has upheld it. The Baby Boomer generation, now between the ages of 60 and 78, controls an astonishing 52% of the world’s wealth. In stark contrast, my generation—millennials—hold a mere 9%. Generation Z doesn’t even make it onto the wealth distribution chart. The numbers paint a grim picture, but they only scratch the surface of a deeper imbalance. As we confront these