Come on son, we worked hard and ruined the economy and the climate and the nature, now be a good boy and pay for our retirement.
I actually know a Lot of boomers who feel just that way. My dad is one he thinks its their right to destroy the environment because they can’t live forever.
Then you have the christian nuts who want to destroy it so that jesus will return.
But most boomers want take the money with them and leave nothing to future generations. Hell they do want to burn it all down and they destroy the American dream out of greed.
The me generation that only want them to have it all.
Unsustainable system finally collapses under the weight of greedy spoiled generation when their children cannot compete with their parents enough to continue supporting said unsustainable system.
There fixed that shit.
Those fools need to get the fuck out of here with that nonsense!
Most boomers and whatever came right after boomers don’t even have decent retirements… That’s what’s sorta funny about all this. I know quite a few 60s and 70s yr olds that legit don’t have enough to sustain their lifestyles and still have to work. The system failed LONG before Millennials showed up.
Many of them went their whole lives “not trusting the stock market” just to literally have no retirement. Much of it was lack of education and access to the stock market when they could have been investing, but then at the same time it is a pretty stupid fucking system of retirement when without notice you can lose 40% of value because some bankers fucked around.
The system sucked for them that’s why they still have to work, but instead of trying to fix it, they just complain that it’s their kids fault.
And even the ones that have a lot of assets to be considered well off have a problem. They’re living in the only thing they own that’s worth a significant amount of cash.
Property prices have completely fucked everyone. Just because somebody can barely afford to pay 50% of their wages every month for the next 40 years in order own their own house, it doesn’t mean they should. It means they’ve got no choice because there isn’t enough.
oh yeah that reminds me of an 80 yr old lady I know. She’s land rich and insanely poor. Like if she sold all her real estate assets she’d probably have easily over a million dollars. But she doesn’t want to sell anything just cause. But she’s super poor. Like she literally needs a new roof on her trailer and can’t afford it. But is sitting on 7 figures of assets lol.
Hell my FIL is that way not that I’m thinking about it. He can’t take care of his house he’s in a booming hood in Houston and has like 8 acres to boot. He keeps borrowing against it to afford shit and still owes like 100k on it which would still net him a pretty penny for the whole set up. I keep telling him just sell the shit and buy a small home out right and get out of the debt and whatever, but he’s super stubborn about it.
alternate phrasing: boomers stuffed all their money in their bank accounts instead of building a world their kids could afford to live in.
While I can agree about their failures, “don’t save it’s bad for the consumer economy” can go to hell.
i’m not saying “don’t put money into savings”, i’m saying every now and then, people should make a decision that benefits the world as a whole rather than just their personal financial situation.
boomers didn’t sacrifice their own spending to build their net worth, they sacrificed *public* spending to do it. and not just public spending, but things that are literally free. like, deciding nobody should ever be allowed to build more housing anywhere ever, because that makes their real estate investment go up.
Corrected headline: boomers voted in austerity assholes and now their kids have to pay for it with their money
I find it hard to wrap my head around the idea that spending more debt than every government before them every single time for decades is austerity. They spent more than all the money constantly. Some austerity would have actually helped but they didn’t do that.
They have been needing to raise taxes on the wealthy for decades, but they’ve been reducing them instead.
You’re rearranging the deck chairs of the Titanic. You get into some pretty absurd taxation levels, you just won’t get the sort of revenue that you need to balance a budget that is so much spending.
And the worst part is, the government’s already taxing you for stuff that you should just get. The United States spends more public money on health care than most countries, as much money on health care as some single payer nations. Everyone seems to think that there needs to be more money, but there doesn’t. The money is there. It’s just not being used properly. In any other country on the planet that amount of money should result in universal healthcare. Instead, the government program is run so incompetently that every family needs to spend absurd amounts of money on Private health care.
This just seems to be the way that the US government works. They take the money to do a thing, then they just don’t do the thing. That is an austerity, it’s incompetence.
That’s exactly the neoliberal agenda: austerity is spending less for workers and public services, and more to help companies so that growth can come back and make earth a paradise free of socialism.
Austerity has nothing to do with spending less. It’s all about taking the money from the poor to give it to the rich.