Posted on 03/30/2022 9:07:47 AM PDT by dynachrome
The president of BlackRock investment firm has said that an 'entitled generation' of Americans will face the shock of goods shortages for the first time in their lives as supply chain disruptions continue to spur high inflation.
'For the first time, this generation is going to go into a store and not be able to get what they want,' BlackRock co-founder Rob Kapito said at an energy conference in Austin, Texas on Tuesday, according to Bloomberg.
'And we have a very entitled generation that has never had to sacrifice,' added the 65-year-old Kapito, who has an estimated net worth of more than $400 million and made $24.6 million in total compensation in 2020.
'I would put on your seat belts because this is something that we haven't seen,' said Kapito, who blamed a shortage of workers, energy and agricultural supplies for soaring 'scarcity inflation'.
(Excerpt) Read more at dailymail.co.uk ...
Christopher Hitchens would call this a “tumbrel remark.”
Time Left in Joe Biden’s Term as President
1027 days
24660 hours
1479625 minutes
That's what I figure will happen.
When the good weather goes away here in New England, and the fuel bills for the winter start up again, that's when people will feel the pinch, from October thru April. -Tom
Makes me think Mr. Kapito needs an introduction to Madame Guillotine. I will laugh when these arrogant scum are hunted down.
He is not “we” as he is not an elected representative or politician representing “us”.
Blackrock is an anagram for rapethepublic. (I know it’s not, but it might as well be.)
I heard an extra $2,000 over the course of the year. That sounds more likely than $433 /month
I’d say about 5k more sounds fairly accurate.
Both parties contributed to our historic national debt with their Stimi checks. The question now is which leaders are willing to do an about-face, and which leaders are calling for more cowbell. Clearly, Biden’s pride and ideology are heading in that direction, pathetically renaming the build-back-better bill and trying to print an additional $5.8 trillion. Manchin looks like he is trying to get back on board the oblivion train.
Blackrock “entitlement” bump for later....
I just go out back to the money tree and give it a good shake.
See, that's my problem. I don't own a house to have a money tree in my backyard.
Entitled?
This gentleman might have considered walking a mile in the shoes of a certain guy before making such a sweeping generalization.
Sounds like a blatant Biden apologist.
.
Partially because of BlackRock politically correct investments!
Did FReepers feel “entitled” to Trump’s peace, prosperity & plenty which was now been turned to total shite in a year by the Democrats?
Yeah, they don’t do well in containers. I try to avoid overirrigating, though, since the government is already doing more than enough to water down the dollar.
LOL!! Good one.
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