Why did the baby-boomer generation decide to steal from their children?
Read the rest of this entry »
My Boomer Tips
Why did they decide to buy buy-to-let properties and decide to push up the price of housing to ridiculous levels, thus ensuring that their children have to pay ludicrous amounts for property? Do they not understand that this is stealing from the young? Why did they decide to have final salary pension schemes for themselves, but defined contribution schemes for their children, thus subjecting their children's pensions to the vagaries of the stock market? Do the baby boomer generation not understand that expecting the young to fund their lavish pension schemes when the young themselves get pensions on significantly less favourable terms is effectively inter generational theft?
We grew up with an easy life and our parents spoiled us. We are also called the "ME" generation. We don’t care about anybody else and we expect to be rich forever and other people work for us.
You are 100 percent right in your question.
When the election comes, go out and VOTE for the candidate that will cut government to the bone. The politics now is to make government big, is only a trick to tax kids to pay the big union pensions, like General Motors, or the Teachers unions. They give huge money to Goldman Sachs so some old coots can make a zillion dollars a year.
Whatever they promise, such as health care, cap and trade, cheap mortages, cheap cars, unemployment benefits – VOTE NO. Its all a trick to make young adults under 30 to be slaves to the old coots.
Blah blah blah blah. That answer makes about as much sense as your question.
Hide sight is 20/20. The baby-boomer generation did not intentionally take anything form future generations. Also, you cannot blame an entire generation for the short-comings of the few who caused these problems. Every generation has its troubles. The baby-boomers had their, we’ll deal with ours.
have you noticed that housing prices are falling all over the nation,
have you noticed that most pensions have been devalued to the point of no return,
have you noticed that this has happened on the Progressives watch…
DINOs B. Obama, H. Clinton, H. Reid, N. Pelosi have killed the American economy.
Define "Baby Boomers"!!! What year did they BOOM!??? Are you talking about people born after the 2nd World War, the Korean, or what??? We are actually all baby boomers, if you are pinning us down to a certain era! MY kids are better off than we were, and their kids are doing fine! It wasn’t the baby boomers who raised the prices of houses, and as far as pensions go, I worked for my pension and have never stolen a penny from my kids!