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> it would be karmic justice to start wiping out elderly investors because they were the ones with political control ignoring all the problems building over the

> it would be karmic justice to start wiping out elderly investors because they were the ones with political control ignoring all the problems building over the decades Are you "ignoring all the problems" of today? Or do you just not have the "political control" to change things? What makes you think that "elderly investors" had more control during their lifetimes?

mandmandam 3y ago
Millenials hold 4.36% of US wealth. Boomers hold 53.2%. Those figures are from 2020 - it's probably gotten worse since. ... And those wealth holders aren't just ignoring the problems of today; they're exacerbating them. Ageism won't solve our problems - all of this is still very much a class issue. But let's not pretend that as a generation, the Boomers didn't fail like no generation has ever failed. And let's not pretend they aren't still blaming the victim.
- astrange 3y ago
  > Those figures are from 2020 - it's probably gotten worse since. It's gotten better, because boomers are retiring and spending down their assets. …or, of course, dying of covid. Millenials are pretty much on track actually: https://www.stlouisfed.org/institute-for-economic-equity/the-real-state-of-family-wealth/generational-and-age-household-wealth-trends-and-wealth-inequality https://www.stlouisfed.org/institute-for-economic-equity/the... Wealth inequality in the US is also down since 2019 because of wage growth at the low end.
rrrrrrrrrrrryan 3y ago
https://arc-anglerfish-washpost-prod-washpost.s3.amazonaws.com/public/ZQ2CUAWWCJD3XHI4B6PDJIURN4.png https://arc-anglerfish-washpost-prod-washpost.s3.amazonaws.c... Baby boomers outnumber other generations, and they successfully used their numbers to bend our political systems to benefit themselves at as they progressed through life. Which I suppose is fine, that's democracy. But as they reach their twilight years and reflect upon the world they're leaving behind, I do hope they take some responsibility for the plights they've created for the younger generations.

mandmandam 3y ago

Millenials hold 4.36% of US wealth. Boomers hold 53.2%. Those figures are from 2020 - it's probably gotten worse since. ... And those wealth holders aren't just ignoring the problems of today; they're exacerbating them. Ageism won't solve our problems - all of this is still very much a class issue. But let's not pretend that as a generation, the Boomers didn't fail like no generation has ever failed. And let's not pretend they aren't still blaming the victim.

astrange 3y ago
> Those figures are from 2020 - it's probably gotten worse since. It's gotten better, because boomers are retiring and spending down their assets. …or, of course, dying of covid. Millenials are pretty much on track actually: https://www.stlouisfed.org/institute-for-economic-equity/the-real-state-of-family-wealth/generational-and-age-household-wealth-trends-and-wealth-inequality https://www.stlouisfed.org/institute-for-economic-equity/the... Wealth inequality in the US is also down since 2019 because of wage growth at the low end.

rrrrrrrrrrrryan 3y ago

https://arc-anglerfish-washpost-prod-washpost.s3.amazonaws.com/public/ZQ2CUAWWCJD3XHI4B6PDJIURN4.png https://arc-anglerfish-washpost-prod-washpost.s3.amazonaws.c... Baby boomers outnumber other generations, and they successfully used their numbers to bend our political systems to benefit themselves at as they progressed through life. Which I suppose is fine, that's democracy. But as they reach their twilight years and reflect upon the world they're leaving behind, I do hope they take some responsibility for the plights they've created for the younger generations.