KIND OF related to this (#1357618)
Man, I really do hate Boomers.Man, I really do hate Boomers.
Not them individually, and can't really blame the ordinary ones for playing the game in front of them and doing what the incentives pointed them toward. But still. The shit they have overseen, and the redistributive wealth transfer they have engineered themselves — again, not with much agency or (mal)intent, but still happened — is pretty disgusting.
Vero gets it:
America's biggest, most distortionary transfer of wealth does not flow from elites to the working class. Nor does it show up as corporate welfare. It flows from the relatively young and poor to the relatively old and wealthy. It's the defining injustice of our fiscal regime, the largest driver of our government debt, and the quiet engine behind the malaise of Millennials and Gen Z.
"Many own their homes outright in markets younger families cannot afford to enter. Seniors enjoy higher rates of stock ownership and have benefited enormously from decades of rising asset values.""Many own their homes outright in markets younger families cannot afford to enter. Seniors enjoy higher rates of stock ownership and have benefited enormously from decades of rising asset values."
"Occupy Wall Street" protesters were railing against "the 1 percent." I offered the tongue-in-cheek suggestion that they also consider occupying the American Association of Retired Persons (AARP), the most powerful lobby defending the largest intergenerational wealth grab in American history.
Right on. That's why I think surprise, shock-therapy style abolishing of Social Security at the end of the year (or some such quick timeline) be the only way out. Yous had your chance to financially rape the rest of the population, casually ride the asset wave into the sunset. Now, enough is enough Destitute and poor? Cool, ask your thriving peers or your now-richer kids to chip in. The rest of us are DONE!
"avoiding destitution in old age does not require a 25-year-old to fund the most regressive wealth transfer scheme in the developed world—especially when certain seniors use it to enjoy 25 years of vacations."
put differently, and something that would turn even the reddest, staunchest progressive red in the face:
why does the modern welfare state magnify the disparity? As Green explains, "retired millionaires have become the greatest recipients of government aid," as Social Security can redistribute up to $60,000 a year to an individual and $117,000 to a household.
"Meanwhile," Green notes, "Medicare programs are paying for golf balls, greens fees, social club memberships, horseback riding lessons, and pet food."
Pathetic. If you draw SS you should be ashamed of yourself.
just fuck the boomers. All of them.
I often point out that Boomers also paid into Food Stamps and they don't expect to receive that. Blank out.
I agree that Boomers should not individually be blamed for playing the incentives they're dealt. However, they can be individually blamed for living so far beyond their means that they mostly will have nothing to pass on to their heirs, despite having received inheritances from their much poorer parents. I do believe it's the most self-centered generation of recent history.
I've started to think the generation anger is just another tool of the ruling class to deflect attention from their evil work.
A little bit, perhaps
I have no doubt, but I'm mostly reflecting on the specific Boomers I know and I do notice some common characteristics.
If you earned over $50K a year, you paid in. And the higher you went, the more you paid in. Fuck deniers who want to say that didn't happen.
Not quite sure I follow. What do you mean?
This was your post:
Pathetic. If you draw SS you should be ashamed of yourself. just fuck the boomers. All of them.
Mine was in response - worked for it, I paid it, so fuck you, I'm going to take it when it's my time.
No, you didn't — not fully and properly, anyway. Read the article
https://twiiit.com/joakimbook/status/2001985251107848584