Quote:
Originally Posted by Sephiroth
Was that the right way for Ian to express jis 'frustration'?
And don't older people have the same rights as everyone else - a fact implicitly deprecated by Ian.
|
The right way is to state the facts as they stand. You, and certain others, may not like to hear the truth but I am not going to pander to your delicate sensibilities here, the reality remains.
Here's a good analysis of the position I am outlining:
How baby boomers became the most selfish generation
Quote:
The baby boomers who have controlled this country since the 1980s are a selfish, entitled generation. It is not your imagination, and it didn't come out of nowhere.
From the 1920s to the 1960s, corporations were expected to take care of their workers and their communities. And citizens were encouraged to do the best for their country. Taxes were high, workers were well paid, the middle class was built, and America prospered.
But there were stumbles, and Friedman and his ilk took advantage of a major one in the 1970s: When the US abandoned the gold standard and the price of oil exploded, neoclassical economists blamed regulation for the country's economic malaise.
Protections for workers were undone. Unions were busted. And serious politicians started to argue that cutting taxes for the rich would benefit everyone, as those cuts would encourage the wealthy to spend more money that would "trickle down" to the rest of the populace.
Former New York Times executive editor Bill Keller put the results of this ideology in a perfect paragraph back in 2012:
"In 1962, we were laying down the foundations of prosperity. About 32 cents of every federal dollar, excluding interest payments, was spent on investments, only 14 percent on entitlements. In the mid-70s the lines crossed. Today we spend less than 15 cents on investment and 46 cents on entitlements. And it gets worse. By 2030, when the last of us boomers have surged onto the Social Security rolls, entitlements will consume 61 cents of every federal dollar, starving our already neglected investment and leaving us, in the words of the study, with 'a less-skilled work force, lower rates of job creation, and an infrastructure unfit for a 21st-century economy.'"
|
As the article says, there is hope:
Quote:
There is hope, though.
Millennials, a generation even larger than their parents, have grown up watching this selfishness in action. They watched how the recklessness of the housing boom and bust wreaked havoc on our society and forced them to reach adulthood in a world in which opportunity is shrinking. They do not benefit from the selfishness of their parents.
And hopefully they will not emulate it either.
|
---------- Post added at 14:40 ---------- Previous post was at 14:36 ----------
Quote:
Originally Posted by TheDaddy
Chill out snowflake, what Ian said wasn't that bad, might even be accurate to varying degrees
|
You have a point they are being snowflakes here, which is very, very ironic given their political stance
What I said was very accurate: the majority of 50/60/70/80+ voters wilfully denying the very obvious wishes of their children/grandchildren is not a good look.
---------- Post added at 14:45 ---------- Previous post was at 14:40 ----------
Quote:
Originally Posted by jfman
That'll be the old people paying in while we ran a deficit at the same time as plundering state assets in privatisation?
Nobody is entitled to anything on the basis of money that wasn't paid in. It's a complete lie on the part of the older generations to pretend otherwise.
2.5 trillion pounds of debt. Someone wasn't paying.
|
And guess who will be paying (through taxation) for the pension & care provision of these people? Yes, the very people who had their future denied to them
---------- Post added at 14:50 ---------- Previous post was at 14:45 ----------
Quote:
Originally Posted by Sephiroth
Was that the right way for Ian to express jis 'frustration'?
And don't older people have the same rights as everyone else - a fact implicitly deprecated by Ian.
|
I said nothing of the sort. Trying reading next time and not just projecting your twisted narrative
