4. We’re going to get more fiscally libertarian
You’ve almost definitely heard the adage that people get more conservative when they get older, and the often-incorrectly-attributed saying that a young man who’s conservative has no heart and an old man who’s liberal has no brain.
Well, that’s partly based in fact. Older people are more conservative than younger people. But people tend to stick with the same social values we have when we’re in our mid-20’s. Millennials won’t mysteriously turn against gay marriage when we hit 40.
What does change? People who are older are better at efficiently looking at information and making the obvious conclusion. Even if it takes them a little longer, they tend to be better at problem-solving.
This translates to a pretty simple fact: Millennials are going to get more economically conservative as we age. That’s especially true of taxes. As soon as some of us start to really own things, we’ll understand what property rights actually mean. Economic policy will follow.
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