This is an interesting thread. Part of what he misses, tho, is that these changes aren't all caused by outside forces. His grandfather retired at age 50 and received a pension for 30 years. Where does he think that money came from? Answer: medium taxes on his parents. https://twitter.com/FarmerIsidore/status/1105461659735334912 …
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5/ so not only passed on the debt created by the grandparents to him, but added their own debt to the pile! (speaking of the whole generation, of course, not of individuals passing individual debt down).
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6/ Like all Ponzi schemes, it keeps getting bigger, until, suddenly, it stops all at once. ...and we're likely going to be the generation that's stuck with garages full of sham vitamins no one wants, and huge invoices we still have to pay. ...metaphorically speaking.
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