I wish upon a star that we could be a generation that takes power back for the average worker and uses our strength in numbers as leverage to have a better quality of life by making the wealthy pay their fair share.

But it’s looking like our historic legacy is going to be that of a fool generation that votes against their own interests and refuses to stand up for themselves.

A very embarrassing time to be an American.

Seeing shit like this play out just makes it harder to keep going. At this point it’s a matter of when I do it, not if. What point is there if it’s only getting worse? I’ve seen my best years by now

For an economy built on consumer spending this means that you get more economic growth by giving those rich people more money to spend, not by lifting up the other 90%.

You’ve gone and mixed up correlation and causation here.

The top 10% arent spending 50% of the money because they are the glorious saviors of the economy, protecting and nurturing it while us poor people thoughtlessly hoard and save all our wealth. It’s actually quite the opposite.

this means that you get more economic growth by giving those rich people more money to spend, not by lifting up the other 90%.

This is probably true for industries like fashion, but I disagree with this point applying in general. There is only so much food, gasoline, and paper products an individual is willing to buy, no matter how rich.

The restaurant industry, for example, would collapse as we know it if most non-wealthy people suddenly don’t have any extra income to spend on prepared food. They need velocity in orders just to remain open at all. I doubt most places could remain open off of a few rich people buying a lot.

This isn’t to say that they won’t stop extracting more from the lower earners. Many of them would be fine killing off industry if it makes themselves richer. I personally think all of it’s a short-sighted cash grab that’s gonna keep poisoning the economy until something changes.

Except they could still do that level of spending while not perched atop a massive hoard, and the rest could do cumulatively more spending via their sheer numbers if said hoard were distributed more evenly.

Trump45 term benefitted signifciantly from QE based suppressed low rates that inflated financial assets, and so made rich people richer without creating inflation as wages and jobs were flat (until way down from covid mismanagement). He/sycophantic media could boast about economy without improving people’s lives.

Think about it this way: They were literally the most spoiled highest quality-of-life group of humans to ever exist on Earth in any timeline.

• Ubiquitous access to healthcare and vaccinations for longer life.
• Access to pensions and retirement options no longer available where the employer did all the legwork to ensure they had a future post-work so they didn’t have to learn a thing about investing or retirement savings.
• Infrastructure that was borne from the Great Depression, so they had roads, bridges, dams all built up to last their lifetime with no care about maintenance, as they figure, “oh it was always there, it will always be there,” so no money was committed to maintenance we are now having to do, freeing that money up to live like kings and queens in the short-term.
• Easy to access jobs, homes, boats, cars with little to no education or financial acumen. Just that “walk in and hand them a resume” trope they love to perpetuate.
• The most modern travel technology and geopolitical climate to go on vacation pretty much anywhere on the planet, and access to time to have vacation.
• Relatively calm planetary climate so they didn’t have to worry about things like today’s weather weirding with tornadoes where they shouldn’t be, hurricanes going inland, hail everywhere, and on and on, all the while driving their 5 MPG giant SUVs all over the country while tossing their food wrappers on the side of the road.
• Cheap (during the majority of their lives) to relocate anywhere in the US or abroad if they wanted to work or live somewhere else, or be “snowbirds” when they’re too wimpy to tolerate the winter in their home states.
• The same geopolitical climate prevented them having to grow up in war-torn anywhere.
• Access to any kind of entertainment imaginable any time anywhere.
• Artificially post-world-war inflated US economy that took some decades to spin down (that “Great Again” they fap to) - which only happened because the US joined so late and had few losses ourselves. The war never happened at home, so we got out for minimal effort/casualties/infrastructure loss.
• And they got to adult in an age of computer technology that enables them as olds to not have to drive their car, pick up food, or do any errands they don’t want to do themselves, all without having to learn any technical skills because the tech was designed for idiots.

No human generation before or after them got to, or likely will ever, experience such a prosperous story-arc. They should consider themselves damn lucky and act like it, while supporting future generations to have a sliver of what their spoiled asses were able to enjoy.

Boomers grew up in a world with a 91% top-tier income tax rate that drove businesses to spend their excess income on products and services, which became their parents’ paychecks.

Exactly what my depression era grandma says of them.

All of them with only 1 parent working and the other managing the home

You’re forgetting that there are many brainwashed younger people who totally bought the bullshit. It won’t be easy.

in 10 years the worst of the boomers in power today will be dead.

I remember thinking this about the WW2 generation back in the 90s. The result:

I’m in the prime time of of my life, waiting 10-20yrs just sounds very depressing

In about 25 years most countries will be warzones and anyone that cant afford whatever the elite are charging for the few freshwater sources left on the planet will be dead or enslaved. anyone within twenty degrees of the equator will have fled or be dead, and anyone living above ground anywhere else will live in nonpermanent shelters due to the yearly storms that destroy standing structure.

boomers will be taking the worlds habitable range with them, and leaving us with a nightmare.

Kinda hard to buy when you dont have any fuckin money

Instructions unclear, invested life savings in a company that produces blue corn tortilla chips.

Brother I’m still recovering from the last time I took the internet’s advice on stocks.

Unrelated, but fuck Ryan Cohen.

What, you didn’t use your 1994 influencer money to buy houses?

You didn’t know to sell one of your beanie babies to pay for a house? That’s like wu tangs #1 rule: diversify. Going all in on beanie babies is all fun and games until your divorce has you fighting over the most precious things in your life.

Trump approves, “The economy does better under Democrats than the Republicans”

Donald Trump, 2004, on the CNN Show ‘The Apprentice’

You need a large redistributive mechanism to prevent wealth accumulation at the top, and you need strict regulation on the size of businesses to prevent them from dominating markets.

We had those things, and we can bring them back. If we survive the next four years, I suspect most Americans will be less opposed to a wealth tax and an FTC/DOJ that can actually do its job.

82, born April 1st. Life has been a joke, that’s for sure.

Nah what we have is way worse

Good thing we dumped the california agriculture water reserves to solve their winter fires.