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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2/ ...which explains why his parents didn't do as well as his grandparents did. Then his parents retired and received good benefits. Where does he think THAT money came from? The snowball is getting bigger and bigger, and it lands on him.
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3/ His point is: he got a raw deal, and he compares his grandparents' deal as the gold standard of what "should" be possible. I 50% agree with him. He got a raw deal...but it wasn't just globalism / the Jews / capitalism / whatever. ... IT WAS HIS GRANDPARENTS!
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4/ The deal that they got was not the baseline ; the deal that they got was partially theft-based ! His grandparents ate part of the seedcorn. ...so his parents (a) thought that level of consumption was reasonable, (b) had to pay back what had been stolen from them, and >>>
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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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I agree with you entirely on those two points!
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