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143 sats \ 2 replies \ @UncleJim21 10 Oct \ parent \ on: Old People got Richer Young People got Poorer in Postpandemic Years bitcoin econ
  1. If we're just talking about regular asset accumulation in a free market, I would agree with you 100%
  2. We are talking about a group that bailed themselves out. They got duped and should have taken a haircut. But instead inflated debt and used other political means to not take the '08 hit they should have.
  3. They're stingy in almost every way. In positions of power. Even interpersonally. It's hard not to notice. I am blessed to have 2 AMAZING boomer parents. But it's hard to ignore their peers.
  4. Now they're indicating they're in favor of increasing taxes to keep insolvent Social Security going for them specifically. Same issue as in point 2. Completely duped. Writing on the wall for 30 years. Still insist on being bailed out (while calling you an entitled welfare queen for noticing). Vid related.

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101 sats \ 1 reply \ @siggy47 10 Oct

I would push back in referring to Boomers as bailing themselves out. The system bailed itself out in 2008. Banks bailed themselves out. Many Boomers lost their homes in 2008 and were never bailed out. Some recovered. Some didn't.

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9 sats \ 0 replies \ @UncleJim21 16 Oct

Baby boomers benefitted disproportionately at the expense of generations not yet ready or able to accumulate assets.

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