The Greatest Wealth Transfer in History Is Robbing Young Ppl

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Dear_one
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29 Dec 2021, 10:40 pm

kraftiekortie wrote:

I’m a Boomer. I played no role in all this.

What did you use for energy? Did you adjust your ecological footprint down in proportion as the population rose? Did you pay taxes? Dispose of garbage?

kraftiekortie
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29 Dec 2021, 10:43 pm

We used everything subsequent generations used. And now we’re going to do better.

I’m a Boomer, and I don’t feel guilt, no matter how hard someone may try.

Dear_one
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30 Dec 2021, 5:24 am

kraftiekortie wrote:

We used everything subsequent generations used. And now we’re going to do better.

I’m a Boomer, and I don’t feel guilt, no matter how hard someone may try.

Your first sentence makes no sense. It confuses past and future, and is wildly inaccurate about the history of technology. Since you won't answer my questions, I assume that you already feel guilty, but refuse to acknowledge the plight of today's youth. Dealing with AS is enough of a burden without trying to escape the mainstream world economy that I don't expect a lot of foresight, but if there are no regrets in hindsight, the outrage falls upon people like me who still try to help.

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30 Dec 2021, 6:39 am

have to think the.minority that is the billionaire class wants very much for things to remain the same as they have been . They have control of the government and can only benefit from such a situation . am not sure they have much to do with the values that the boomers , wanted but rather the uber wealthy class. And do everything they can to reinforce that situation.
if you can keep the masses in poverty, then you can maintain these situations .That keep the over wealthy in the positions they enjoy, and control of the Government .And any governmental programs .

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kraftiekortie
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31 Dec 2021, 8:25 pm

The answer to your questions: probably not.

You don’t know me, buddy. Don’t make judgments about me. I’ve worked for a low wage all my life; I’ve never taken anything from anybody.

I don’t know you, either, and I don’t judge you.

So quit being a jerk.

Dox47
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01 Jan 2022, 3:17 am

Gotta say, I'm not a fan of generalizing by generation, the categories are beyond arbitrary.

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goldfish21
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01 Jan 2022, 5:36 am

Dox47 wrote:

Gotta say, I'm not a fan of generalizing by generation, the categories are beyond arbitrary.

Except for all the really bad things that were done by one generation. Besides that, yeah, I totally agree.

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01 Jan 2022, 5:52 am

Cannot help but think that this blame on boomers is a different issue in reality . The people
that are more likely responsible are the billionaires and the people in government that owe there positions to people who are the big money class of society , whom for generations want to keep things the same . And do not have the interests of the people whom are trying to get by in the world. (The generation that comes after them ) . If they don't do thing s like use up resources
including social security . These big money people run out of places to rip off the next generation
from... Renewable resources do not pay profits like burning up what the next generation needs to
survive .

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01 Jan 2022, 9:49 am

IMO the biggest "wealth transfer" that is robbing young people (and anyone else who is not already a property owner) is "property value" inflation, making even the cheapest housing more and more unaffordable in many places.

When I was a kid, it was common even for lower-middle-class people to own not just one home, but also a vacation home.

These days you pretty much have to be a multi-millionaire to own even a studio apartment in the more high-demand areas. And a lot of these apartments are not even occupied, but are being kept deliberately off the market by real estate speculators.

"Property value" inflation is propped up artificially by government policies, primarily residential zoning laws. We desperately need upzoning (a loosening of zoning laws) in the more high-demand areas. We desperately need more and more people to become knowledgeable about this matter, and to organize politically as a counterweight to the forces of organized real estate greed.

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01 Jan 2022, 10:51 am

The United States currently Uses 40 Percent of
Human Resources with 4 Percent of the Global Population.

It's True as A Nation We Take More Resources Than We Return.

Is This An Issue of One Generation? No.

It's How Capitalism Still Currently Works.

Consume.

Consume.

Consume All Ya Can.

Per Linked Study Below,

Nearly 40 Percent of Folks Making Over 100 Thousand Dollars, Live Pay-Check to Pay-Check.

53 Percent of Folks Making 50 to 100 Thousand Dollars, Live Pay-Check to Pay-Check.

Consume.

It's The Capitalistic Way.

i Beat the System Long Ago
By Just Not Consuming As Much.

Yet When i Was Young as A So-Called
Boomer, We Heated Water to Take a Warm
Bath And Didn't Have TV until 7 Years-Old;

We Learned More to Generate Our Own Happiness

Within and Chances Are Some Folks Still Do; Matter of Fact they Do.

It's True, There Are Lots of Folks Making Lots of Money Who Are Just

As Miserable As 'You', Most Definitely Billionaire Baby Boomers Too

Who Just Can't Figure Out With their Psychotherapists, Why They Are So Miserable

As They Never Even Learned to Be Human Enough to Generate Their Own Happiness Within.

True, It's Not all About Wealth Transfer;

It's About Even Frigging Being Human
Enough to Generate Your Own Happiness

As When You Do, You Can Tell So Much of
the Spending to Go to Hell and Never Return.

i'm So F88King Glad For All the Hungry Years; i Learned

To Fill myself Up with More Than Just Frigging Food, Money, And STUFF.

Capitalism is A Very Sick way of Life for Those Who Abuse it, like Any Other Addiction,

No Matter What Generation Does; Count Your Blessings For the Stuff We Didn't Have
'They' Didn't even List Like Obamacare;

For 'Us', We Couldn't Afford to
Even Leave A Job that Was Making

Us Sick and Slowly Killing Us, Because

Even if We Did go to the Doctor to Get
Help That Would Mean We Might Not Even
Qualify For Insurance if We Had to Quit A Job;

This Wasn't that Long Ago; Just Before 2008, When
My Wife With Epilepsy Couldn't Afford for me to Quit
my Job and Lose my Insurance Either; For It's True, She
Might Not Have Been Able to Get Covered and We Might

Not Have Been able to Afford it Anyway. Now Folks Can; Sure,

Score one for the Boomer Democratic Obama Administration for
Health and Well Being And Wanting to Continue to Live; Oh Yeah,

And that Gay Marriage thing Changed The Lives For Many Who were
Marginalized. Credit the Boomer Democratic Obama Administration Again.

And Oh Yeah, Without Bill Gates, And Steve Jobs And The Baby Boomer Pioneers

Of the Information Technology Revolution, Where Would Folks Work From Home Without

Information Technology

During A Pandemic;

True, There Are Ups and
Downs And Dark And Light

When You Look at Any Slice of
So-Called Generations; Yet the Truth is in

Many Ways, This Is still Real Heaven on Earth

For Those Who Learn To Master the Tools of Culture
in Balance With Nature And Do Not Become More of a Frigging

Machine of Culture Than Even Human in Balance With Nature Now.

Yawn,

'Eve' Pass the
Popcorn, We Said
the Hell With Keeping
Up With the Jones As They still fall far behind...

When Peers Were Out Drinking on Friday Night,
i Took Care of my Health at the Gym; When Peers

Were Making More Children to Pollute the Environment;
We Stopped after the First Son Who Died And Said no More.

When Folks Were Buying a New Car Every Three Years, We
Kept the Same Ones for Sweet Sixteen Years; And True We

Still Live in the Same Dam House We Bought When We got
Married in 1990 And Built it in 1993, Saving the 3000 Dollars for a Down Payment Then

From Only Eating Pork And Beans And Frozen Chicken Bundled Leg Quarters Way Back Then.

True, We Didn't Go to Starbucks That Wasn't A Boomer Creation then For Expensive Coffee...

i Graduated With 3 Degrees in 1983, And Landed Close to A Minimum Wage Job ($3.69/Hr) at 24 in 1984;

When i Got Married, i Still Made Less than Five Whole Dollars an Hour at Age 30 With That Federal
Employment Job At a Bowling Center then; It's True, It takes More Than Straight A's to Get A Job;

You Have to Have Social Skills; That Was Before the Computer Age took Off and The Revenge

Of the Nerds Came Next...

Now We Live in A 'Zuckerberg World'.

At 40 Years Old, i Still Only Had A Thousand
Dollars in the Bank; Yet Eventually By The Time
i Retired in the Next 7 Years Through 5 Promotions

In the Nick of 'Time', i Had enough To Retire Early at Age 47

With the Benefits of Sticking With That Government Job Through Mostly
Thin And Much Heavier Pay Toward the End as on the Autism Spectrum And
Bi-Polar Spectrum Ya Already Know By Innate propensity that Rainy Days Do Come too.

i Was Much Happier Making Minimum Wage, Just Helping Folks Smile for the First Years of that Job;
Sure, Living at Home, Just Like Folks Do Getting out of College 'These Days'; The Worst Years of Employment

Were When i Had the Positions, Pay, The Status And the Powers of Management That Was Just A coming Headache in

Hell For me.

People Talk A lot About

Money; Yet Most Folks These (And Those

Days) Days Have No Clue How to Generate

Their Own Happiness. i Know, Feel, And
Sense more Now about A Real Meaning

And Purpose of Life in Real Innate Instinct

In Skills Than i Ever Dreamed Of Before i Quit
The World of Capitalism And Really Started to thrive

With Empty Pockets, Naked Enough Whole Complete.

i Have Paid ZERO Federal Taxes Since 2008 And Likely Never Will.

Yet, i'm Still Richer Beyond What Most Folks Can Fathom And

True Riches

Have Nothing

to Do with

A Dollar Bill At all...

There are a lot of
First World Problems

That/Who Have No Idea
Still Now How to Escape the
Prison Already Made For them

Without A Clue They Can and
Will Be Happy Beyond What Folks
Have told them Money and Stuff Brings...

Yet It's True, i Ain't the First Person to figure This S. Out...

And Ya Might Be Surprised How Many Folks Who Have No Long
Pants And Only Wear Shorts And T-Shirts, With Yes Older Modest
Homes And Decades or So Old Cars Are Also Millionaires without

A Need to Spend Either Money or Happiness Away Now For Real...

The Biggest Investment i Made in my Health Was Almost Always
The Only Dude in the Military Gym on Friday Night When Everyone
Else Was Out on the Town Getting Drunk. It's true, Extreme Strength

Training Generates Human Growth Hormone; Seen Any of my Pics
Lately Approaching 62 Years-Old on June 6th, Smiling Through Age
60 With Thousands of Beautiful Young Women With A 51 Year-Old

Wife Who Lives

An active life

With no Alcohol
or Cigarettes either

And No Job Either;

It's True, i Paid for that
Capitalistic Slave Life
With 66 Months of my
Life and 19 Medical
Disorders yet

It's True

DarK Brings LiGHT

And When We Are Left With

No More Clothes of Culture

Folks Do Look Within And Finally

Figure out What to Do to Do More
Than Just Survive And Do Thrive Naked
Whole Complete Enough Through Becoming

Art instead

of Just a Cog in a Machine

As that Applies to All Ages
And All CuLTuRaL Ways of
Life Before A Golden Age
We Learn to Move, Connect,

Co-Create And Truly Own Free

OR

DO NOT.

Look Around At
Nature; It's A Struggle;
Some Do Survive, Thrive; Some
Do Not; And True Through the
Struggle of the Weak They May

End Up A Real Winner in the 'Turtle Race.'

True, This Is Just One Case-Study; Yet it
Is Throughly Documented, Irrefutable, and Real.

When i Had the Worst Pain Known to Humankind

for 66 Months All i Did is Whine the first 2 Years of
66 Months; It Doesn't Matter What Happened Before Now,

All That Really

Counts is What
We Do With What
We Can And Will

With the Innate and
Cultural Tools at Hand Now;

Epigenetic Effect comes from
Great Challenge and Adaptation;

Yet Fear is A Source of All Weakness For Real...

If 'You' Can And Will Find A Way to Leave the
Whining And Fear Behind, You Might Just Survive and Thrive too...

And If You are Really fortunate, You Won't Have to Go To HeLL ON EartH First For Real to Find IT.

https://www.prnewswire.com/news-releases/nearly-40-percent-of-americans-with-annual-incomes-over-100-000-live-paycheck-to-paycheck-301312281.html

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ToughDiamond
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01 Jan 2022, 11:51 am

Dox47 wrote:

Gotta say, I'm not a fan of generalizing by generation, the categories are beyond arbitrary.

Agreed, it's ridiculous. Imagine the trouble he'd be in if he blamed the Jews for it.

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01 Jan 2022, 12:47 pm

Mona Pereth wrote:

Have often felt that that real Estate people, i have dealt with are merely extensions of the greed of Local governmental bodies . Found the more successful a real estate agent is, the more they hold themselves away from regular public people . And do not have the interests of the neighbourhood
in mind, but propagandize themselves as being just that . And only associate with people whom believe their BS .But they seem very willing to invest their time in helping the goals of big investors .whom get huge loans from the city government .

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01 Jan 2022, 2:44 pm

Jakki wrote:

The people who get the "huge loans" from city governments are usually developers -- who, IMO, are often evil but NOT the worst of the evils. At least the developers want to build something, thus adding to the total supply of housing -- even if they are building it only for the rich.

The worst offenders, in my opinion, are not the developers but the home-owners' associations and "civic associations" representing homeowners. These groups are the main backers of laws to keep population density low and thus restrict the supply of housing, keeping prices artificially high.

Another big problem is investors who buy unoccupied dwellings and don't sell them or rent them out, but just hold on to them to sell later. This too is a big limitation on the supply of housing.

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01 Jan 2022, 4:27 pm

Mona Pereth wrote:

Jakki wrote:

I've really enjoyed your contributions to this discussion, Mona.

That said, I don't actually think vacant properties are a big limitation upon the supply of housing in the US. There are very few properties which are deliberately kept empty for speculative reasons. However, there is an issue with "land banking", where properties aren't developed at all because of speculation that they'll be worth more if built later.

We need to kneecap the NIMBYs, abolish most zoning restrictions, change incentive structures to discourage speculation (a Land Value Tax is basically a magic bullet), and invest large amounts of money on building new housing.

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04 Jan 2022, 2:16 am

The Boomers had not caused the Great Depression, as they hadn't been born yet.
Nothing wrong with social security, as it has literally provided life for millions of elderly and disabled people.
Yes, boomers had a lot better workplace wages, security, and benefits due to unionization. That those things have been denied to too many today is hardly the fault of the Baby Boomers as a group, but of the greedy business class.

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04 Jan 2022, 11:50 am

Kraichgauer wrote:

And which generation of humans do those greedy business class folks belong to? Same for the politicians of their day and anyone else involved in creating this mess? :chin:

The Great Generation? Gen X? Z? Millennials?

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