4 ms·
The boomers have fucked this generation so hard they should get an award from the porn industry. One of the best explanations of this dynamic I have read was i
by neuro_imager 11y ago
The boomers have fucked this generation so hard they should get an award from the porn industry.
One of the best explanations of this dynamic I have read was in the following opinion piece:
http://constitutionaldaily.com/index.php?option=com_content&view=article&id=1153:throw-grandma-from-the-train&catid=49:the-philadelphia-lawyer&Itemid=65 http://constitutionaldaily.com/index.php?option=com_content&...
To quote:
"here's seventy-five percent of the reason the Fed, and Washington, are ignoring employment and focusing exclusively on asset inflation:
If asset values fell as they should have in a true free market correction, which we were due, an enormous percentage of the old and elderly would be rendered insolvent. We would have a societal disaster on our hands.
And so we decided to screw the the young - the more resilient group - to protect the old."
"It can be argued, and should be, that the old are the weakest, and that we have a duty to protect them most. But a far more compelling point is that a nation fixated solely on subsidizing its old at cost of the futures of its young is a nation headed for a fall. The more we prop up housing, freezing out the young, the less we give youth a sense of equity in their communities, a "skin in the game," both literally and existentially. The more we funnel every economic fix through Wall Street, to protect the old and invested first, with scraps for Main Street, the fewer jobs we create for the kids. The more we spend on pointless health care for the near dead, the fewer options we have to control costs, and consequently, the less hiring we'll see."
"But if there's a real battle out there, it's generational - between the young and the old. Between those we need to offer futures, and those we've more than adequately coddled.
Grandma's ticket on the gravy train is up. It's time we start seriously discussing how and when her austerity starts - how we get her off to make room for the kids. Eased out at the next station, or shoved through the nearest exit door when the engine can no longer handle the overcrowded cars?"