freddms on Nostr: Boomers pissed away their parents fortunes on SUV's and 4000 sq. ft. homes. They ran ...
Boomers pissed away their parents fortunes on SUV's and 4000 sq. ft. homes. They ran up social programs to the tune of a QUARTER TRILLION bucks. They ran $20 trillion of infrastructure into the ground (after a generation built it up before them). Created $35 trillion in public debt, with $2 trillion/year deficits.
Just ONE of the above is a travesty.
As an over generalization (but true of the generation) they are pure takers/socialists. I just hope they see the crash - as they don't deserve what they have.
MOST boomers got rich from the Fed lowering interest rates and printing money for the last 50 years (housing and stock market driven up) - they basically did NOTHING to earn that money (but they think they deserve the best). They just used the system to extract personal wealth at MASSIVE destruction to the next generation.
Just ONE of the above is a travesty.
As an over generalization (but true of the generation) they are pure takers/socialists. I just hope they see the crash - as they don't deserve what they have.
MOST boomers got rich from the Fed lowering interest rates and printing money for the last 50 years (housing and stock market driven up) - they basically did NOTHING to earn that money (but they think they deserve the best). They just used the system to extract personal wealth at MASSIVE destruction to the next generation.