Oh those baby boomers.
Hohoho.
Not nearly as extreme as many state and muni government employee unions here in the US.
Baby Boomers in the US are richer than their parents were (normal), and also their children are not as well off as their parents were at the same age. Not normal.
Many Baby Boomers will say that they fully deserve their wealth. They worked hard. They struggled in the post-WWII economy, growing up in a time when most countries had been devastated, but American industry was still intact. Our stock market boomed, major new industries sprang up, companies offered good pensions and other benefits, and government spending constantly greased the wheels of industry, health care was cheap and housing was affordable. It wasn't easy growing up in such a time, but Baby Boomers worked hard, succeeded hugely and built up a lot of wealth.
Now the Zoomers are whining that America has been fundamentally transformed by Obama and other Progressives. Ha! Ha! Ha! Sucks to be you!! I got mine! Baby Boomers rule! No sympathy for the children and grandchildren! If you were smart, like me, you would have been born in the 1950s! But you chose poorly and were born in the 21st century! Stupid move on your part! Next time don't shop at Starbucks and you can be rich like me!
Sarcasm aside: it is one of my fundamental beliefs that young people today are growing up in a difficult time. $40T national debt, lots of regulations, social media rotting brains, starter homes selling for $1M in some locations. A lot of young people (men especially) are leaning Conservative. The assassination of Charlie Kirk is likely to get more young people interested in Conservatism.
And yet I see a lot of older Conservatives who seem to have no empathy or sympathy for young people. The older ones think they are the victims. They struggled. Their first home. bought in 1980 had a 19% mortgage. And a price tag of $70,000. I've seen older Conservatives (right here) laugh in scorn at any young person who can't scrape up the money to buy a house at today's prices. Get a second job!! Get a third job!! You're lazy!
We could win friends for the future if we showed a little more empathy.
They spend money on boutique wars of choice to expand power, aid everywhere but home, flood in tens of millions of Africans and moslems of the most backwards types who all live on welfare in public housing. They even pay for the boats to carry them there…
But those damned old white retireees…. that’s what the big problem is.
My ex-wife is french living back in Paris after retirement, she is making about 90% of her old paycheck.
Also these same societies have killed their economies with tree green global warming and outsourcing to China scams. The have killed the birth rates with feminism, state atheism, homosexuality etc, so there are no kids and you get an older population.
So you get old childless multimillionaires like Theresa May, Macron, Boris, Merkel and the others thinking they could send even more to Ukraine if those damned retirees would just die. Their covid didn’t kill enough…
Eff then and their WEF week long parties.
Like we are much different. Why did Congress pass the Medicare Modernization Act or MMA, or try changing SS
In thrall to their elderly...
From 2008...
That does not mean the wealth is fairly distributed, BUT those two variables are what drive true wealth.
What politician in the West in the last 45 years has mentioned those?
All the emphasis is on wealth distribution, not generation.
That's because socialists who have been in charge in the West for many decades now (they have defined society) are all about how to slice that cake up to divide it up more socially equitable, but they never care about making/baking more cakes.
The result of their leadership is equitable poverty - where we are all equally poor.
If you want to see that in action, travel to Cuba (an extreme case), Europe (a moderate case). The more socialist, the more wealth generation / production is suppressed. Why?
In order to create “equity” like Obama strives for, you have to destroy the incentive system both corporate and for labor. Any system that incentivizes productivity, innovation, prudent risk taking, and holds people accountable creates INequity among people and in business, it allows people as well as corporations to fail.
For so long, mothers and fathers would have many children and the many children would help their mother and father as they aged.
Then government intervened with “retirement” systems. Birthrates dropped.
Well, you know the rest of the story.
Blaming the old people for expecting socialism to do for them what it promised. The problem is that socialism chokes off innovation and removes initiative, and has been doing that since WW2, eroding their economies’ ability to cover the upcoming bulge in the costs curve. The socialist politicians’ mouths wrote checks their asses now can’t cash.