I agree with parts of this, but strongly disagree with the "for", which implies causality The boomers accumulated a fair bit of wealth because, largely, they had luck to be born (a) during the early stages of a huge post war expansion, (b) before the progs regulated away growthhttps://twitter.com/strnglft/status/1290285507427962880 …
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6/ But now taxes and regulations have grown, foreign competition has grown (this is the normal state - having foreign nations devastated by wars is abnormal!), and academics, gov bureaucrats and other parasites have bogged down the economy.
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7/ So, there is an underlying narrative that explains both how boomers did pretty well, and how the kids are not doing so well ... but it's not remotely as simple as "prosperity [ for kids ] was kneecapped for a one-time offer for massive wealth accrual for a single generation"
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8/ the causality flows from the underlying history to - boomers doing well - zoomers doing less well the causality does NOT flow from boomers doing well to zoomers doing less well
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9/ sure, but that's mostly midwits repeating advice that worked for them, not an intentional act of sabotage against their own children intended to effect wealth transfer my argument is "crap happened, and 'boomers' as a whole aren't conspiring villains" https://twitter.com/DeanBradleySFF/status/1290323631315222534 …
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Well I’m a boomer and my first mortgage was 12% with 30% down. Stock market did nothing for my first 10 years of employment.
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