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Posted on 05/26/2026 4:51:23 AM PDT by rightwingintelligentsia
In 1974, New York Times humorist Russell Baker identified a “pig in the python” working its way through the economy: the bulge of 76 million Baby Boomers squeezing through America’s economic system, distorting everything they passed through. When Boomers flooded the labor market in the 1970s, they created a competitive squeeze that never fully released — leaving the generations behind them without the wage rebound economists had predicted. When they bought homes, prices soared. When they took the top jobs in business, culture, and civic life, they held them — and held them, and held them.
For half a century, the Baby Boom generation has functioned like a slow-moving wave through the American economy — and as the last of them cross into retirement age, the country is discovering just how much of its future they’re still holding in place. In the labor market, four decades of Boomer dominance suppressed wages and opportunity for younger workers, and their accelerating exit now threatens a worker shortage businesses are unprepared to absorb. In housing, empty-nest Boomers sit on a disproportionate share of the family-sized homes that millennial parents need but cannot find or afford. And in the corner offices, executive suites, and corridors of political power, Boomer leaders have spent years building monuments to their own indispensability rather than successors capable of replacing them — leaving institutions to manage their decline rather than their transition.
The pig, as the Times once put it, is finally leaving the python. The question is whether anything is ready to take its place.
Now, as the last of the Boomers cross into their late 60s and early 70s, the question America is finally being forced to confront is: what did they leave behind? What will the python look like next?
(Excerpt) Read more at msn.com ...
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let them sell their homes without paying tax on the capital gains and their homes will flood the market. Otherwise they will simply hold onto them until they die, so they can bequeath them to their children at which point the basis will reset and the children will pay not capital gains tax when they sell.
“Pay no attention to the illegals and H-1Bs hiding behind that curtain!!!”
I worked hard for that seat and until I decide my time is up they can all KMA.
I certainly don’t see any “worker shortage” in the country today. AI is causing lots of layoffs among White Collar workers.
Don’t blame Gen X. We’re retiring early because y’all are crazy.
The fact that inflation is not deducted from capital gains is just theft.
It’s not actually income.
Wrong. I am 61.75 and born in 1964, generally considered last year of Baby Boom. I don't understand the hate in this country against the largest (?) generation.
What they’re saying is, “hurry up and die.” So, the house is finally paid off, and we’re expected to move out so someone younger can move in? I’ve had to move several times and each time it gets harder and takes longer. If I’m happy where I am and its only costing taxes to stay, I’m staying.
One reason houses are so expensive is governments limit where people can live and how much territory can be used for housing. It’s NIMBY. Or I’ve-got-mine-screw-you. It’s not a baby boomer problem.
Another issue is retirement. Due to massive inflation, the real number for which is much higher than the government one, many (most?) boomers can’t retire. Again, you not finding a job isn’t because boomers won’t die already. It’s a whole host of other issues most of which track back to various governments strangling employment through taxes and mandatory “benefits.”
The author is looking for a scapegoat. Sorry. Ain’t buyin’ it.
DO NOT forget the $42,000,000,000,000 in debt (by the end of the year) that this boomer generation racked up that may bring the country down in our lifetime, this is the perfect example of what the uniparty really is. The “CR” (continuing resolution) is the perfect example.
Boomers hold 50% of the wealth. The problem is we aren’t spending it. It’s a problem for the country and for ourselves. We need to learn to enjoy that money.
wow... that is a great point I have never heard made before.
“In the labor market, four decades of Boomer dominance suppressed wages and opportunity for younger workers”
BS, H1-B and illegals did it. Boomers built this country (along with Greatest Gen) so KMA.
There is a worker shortage among skilled non-white collar jobs
Capital gains aren’t income, that is why they separate them on your income tax return.
Gotta few here on FR who’d be happy to put Boomers in camps and ovens.
Oh, FO. Boomers this. Boomers that. STFU. Whining beetch.
The hardest working generation. It took longer and longer to train new people at my job because they’re getting more and more stupid.
The Left:
You shouldn’t enjoy the fruits of your own labor. Just die so it falls into our laps.
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