I might also mention...
While our two kids work hard at whatever they do, are thrifty, stay out of trouble, with NO undergrad debt (oldest does have some law school debt but being paid down rapidly)...their parents (us boomers) may be the only opportunity they have to get ahead. When wifey and I pass, and should the gubment leave us anything, our children will inherit a respectable nest egg. Not bragging, but we aren’t the stupid, evil boomers the author makes us out to be.
Some of us were paying attention.
There is an easy way to transfer wealth tax free. All you have to do is pay your children’s bills. Make their mortgage payment, pay their utilities, the only necessity is that you never give the money directly to them. Anyone that dies and lets the government get their assets is an idiot. My great-uncle was an idiot, he let his nest egg get taxed to the tune of paying the state and feds 1.2 million. He was a fu¢ktard in this respect but otherwise a great guy. Still miss him.