Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Real Estate
Reply to "Boomers can’t downsize "
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous]Boomers grew up in the tailwind of the U.S.'s victory in WWII and all the benefits of the U.S. being the only nation not ravaged by war. They also are directly responsible for most of the problems we face today. It mostly started with Reagan's administration. Boomers entered the workforce en masse and voted for significant income tax cuts (https://en.wikipedia.org/wiki/Reagan_tax_cuts) when the government and corporations still provided significant benefits to their employees and citizens. In the 1990s, as their investments were growing and they were hitting their peak earning years, there were significant cuts to capital gains and income taxes under Clinton and then Bush (https://www.thebalancemoney.com/president-george-bush-tax-cuts-3306331) and shifts away from government and corporate provided benefits to "public-private partnerships", outsourcing, contractors, and shift to 401ks instead of pensions and figuring out healthcare on one's own. While it was good for their investments, it was terrible for the public good and for the social safety net and the funding of public education. It was on the Boomers' watch that NAFTA was implemented, unions were gutted, wars of convenience were started, unfunded tax cuts were implemented, and all manner of deregulation occurred (e.g., airlines, banks, energy, telecom, consumer protections), which often led to industry scandal and blow ups (e.g., S&L crisis, Enron, WorldCom, Great Financial Crisis). Our culture of consumer debt (e.g., credit cards used to be rare thing), disposable everything, and the financialization of the economy also started on their watch. It was also when corporations were given "free speech" (https://en.wikipedia.org/wiki/Commercial_speech) and the ability to legally bribe politicians. It wasn't always this way. As they have entered their senescence, they have been further gifted with lower estate taxes than at any point in the last century (https://www.forbes.com/sites/christinefletcher/2021/09/28/what-you-need-to-know-about-the-11-million-estate-tax-exemption-going-away/?sh=23f8da307e07). At every step of their lives, the government has sought to placate them at the expense of the rest of society and the general public good. "A society grows great when old men plant trees whose shade they know they shall never sit in." Boomers never once sacrificed for the greater good. They never once looked forward to improving the society of the next generation. For the Boomers, it's "f you, I got mine." And now, the bill is coming due on 40+ years of terrible policies. And now you have the nerve to complain about the state of affairs? GTFOH. Go pull yourself by your bootstraps if you can't afford your "dream" retirement. [/quote] THAHNK YOUUUUUU. And for the person who made the comment about COVID and printed money, who was in charge during those policies?!? Same f?^%^ group. And why did we have to isolate? Not to protect kids! Nope, it was to protect those >45. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics