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This is a huge deal. The silent generation got very wealthy rebuilding after wars. But all generations must do better than the last, otherwise pyramid schemes l

This is a huge deal. The silent generation got very wealthy rebuilding after wars. But all generations must do better than the last, otherwise pyramid schemes like 'retirement' are not viable. The boomers however never quite built the world as much. They needed to do much more. They left us holding tremendous debt and high taxes as they enter 'retirement' but they objectively never saved enough money to make retirement viable. The boomers are engaging in generational warfare, but that literally doesn't work. As they retire right now and age, they will need productivity from younger generations. Those younger generations will get to decide how much they charge for this service. The boomers cannot stay retired for long at all. No deflation can be expected and they are hoping mass immigration is going to fix the problem? As the boomers age and need more and more services, the more broke and incapable of maintaining retirement will happen. There aren't many scenarios where the boomers get to remain retired. None of them are good.

freitzkriesler2 3y ago
> generational warfare The first politician to pit retirees vs everyone else is going to cause the biggest voting block crack in history. Especially as the country becomes more diverse. It's coming and I don't think boomers are ready for it.
- incomingpain 3y ago
  Already happened in Canada. We have a shockingly divisive government at the moment. What happened was that the previous government increased retirement age by 2 years and like Obama made it such that retirement funds can reduce benefits if they arent financially solvent. But you can look at other countries where younger generations cant afford to buy homes, certainly not on credit. Or other countries where there's no more family. The older generation have to resort to silver crime or choose a new part time job. That's the thing of why generational warfare literally never works out. The younger generation decides on how much engagement there is. The older generation always needs the younger generation. there can never be a forced enslavement of the younger generations. But another reality, the people who vote are typically those who are old. Some countries have alreadydecided, for example japan. They wont cut retirement, they've cut everything else. Thus their politicians have basically said their country will not fundamentally function in the near future.
foogazi 3y ago
> Those younger generations will get to decide how much they charge for this service. Unless they open the immigration spigot
- incomingpain 3y ago
  >Unless they open the immigration spigot That's going to happen no matter what. Canada for example needs about 5 million to 10 million per year. For the foreseeable future to repair the problem. Obviously that's not even possible. Immigration is also not free.

freitzkriesler2 3y ago

> generational warfare The first politician to pit retirees vs everyone else is going to cause the biggest voting block crack in history. Especially as the country becomes more diverse. It's coming and I don't think boomers are ready for it.

incomingpain 3y ago
Already happened in Canada. We have a shockingly divisive government at the moment. What happened was that the previous government increased retirement age by 2 years and like Obama made it such that retirement funds can reduce benefits if they arent financially solvent. But you can look at other countries where younger generations cant afford to buy homes, certainly not on credit. Or other countries where there's no more family. The older generation have to resort to silver crime or choose a new part time job. That's the thing of why generational warfare literally never works out. The younger generation decides on how much engagement there is. The older generation always needs the younger generation. there can never be a forced enslavement of the younger generations. But another reality, the people who vote are typically those who are old. Some countries have alreadydecided, for example japan. They wont cut retirement, they've cut everything else. Thus their politicians have basically said their country will not fundamentally function in the near future.

foogazi 3y ago

> Those younger generations will get to decide how much they charge for this service. Unless they open the immigration spigot

incomingpain 3y ago
>Unless they open the immigration spigot That's going to happen no matter what. Canada for example needs about 5 million to 10 million per year. For the foreseeable future to repair the problem. Obviously that's not even possible. Immigration is also not free.