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Message
re: My theory on why baby boomers are criticized
Posted on 5/26/26 at 12:12 pm to armytiger96
Posted on 5/26/26 at 12:12 pm to armytiger96
Property taxes apply to everyone equally as well and more efficiently than sales taxes.
You may not think it be that way, but it do
You may not think it be that way, but it do
This post was edited on 5/26/26 at 12:24 pm
1
Posted on 5/26/26 at 12:13 pm to CleverUserName
I said “one”
You. You just literally did that
You. You just literally did that
This post was edited on 5/26/26 at 12:14 pm
Posted on 5/26/26 at 12:13 pm to AUIH1
quote:
I am using my SS distributions to go to my grandchildren’s various savings accounts
Good for you man seriously. That is really cool.
Posted on 5/26/26 at 12:16 pm to Spankum
quote:
I disagree…most boomers I know worked their ssses off. Their path to a successful retirement was through getting a job with a pension and paying social security taxes for 60 years. The 401K accounts weren’t even invented yet during the boomer’s saving years.
I have a good friend who is a boomer and got completely screwed by the recession (401K). With that said, I'm amazed that he did not receive a pension for the 25+ years spent at the phone company. Those who were at retirement age at the recession - some got screwed hard. He's 77 now, and lives in an apartment with very little to his name. That said, most boomers I know are fairly wealthy.
IMO - Boomers worked hard, but the market was much more favorable to them. Our generation has some entitlement, but we've also have been screwed over by the Boomer generation to a degree. Because the Boomers are working longer, there are fewer jobs out there. I have a team of 12 reporting to me, and three of them are boomers. None of them need to work, but they choose to (two of three qualify for Medicare). Personally, I do not want to be 65 and still working, but they do a good job. But I also know they're taking a spot that a younger person might need.
I am a Milennial, FWIW.
Posted on 5/26/26 at 12:16 pm to Ramblin Wreck
quote:
that mostly worked hard, saved, and retired with enough savings to support themselves.
Your entire premise is false. They did not save enough to support themselves in retirement. What they did is inflate the dollar (and thus their assets) and added up to $33 TRILLION to the national debt which they will not have to pay back. They maxed out the credit card and left the bill to their children and grandchildren. No other generation had or will have the opportunity to do such a thing. They are a morally bankrupt generation that sold out their descendants while thinking, incorrectly, that they worked hard and saved to get where they are. They mortgaged the future to get where they are. Meanwhile they encouraged policies to offshore as many jobs as possible, and then imported the third-world to take the rest of the jobs as indentured servants on H1-B visas.
The entire generation was born on third base and then spent their entire lives preaching to those that came after them about how they worked hard to get what they got, but really, they stole from the future and yanked the ladder up after themselves. And now they whine about the cost of living, how they need more tax breaks (but just for themselves of course), and how young people aren't having enough children.
frick them all.
ETA: And they categorically refuse to admit the advantages they had or the mistakes they made.
This post was edited on 5/26/26 at 12:22 pm
Posted on 5/26/26 at 12:17 pm to Scruffy
quote:
Even better
Uhh.. how exactly can I admit my boomer generation is flawed if I'm not a boomer?
I'm actually an argument against the boomer blame. I'm almost a millennial with a paid off house, a growing nest egg, no debt, paid for college, and comfortable financial position. Posted on 5/26/26 at 12:17 pm to CleverUserName
quote:
I'm almost a millennial with a paid off house, a growing nest egg, no debt, paid for college, and comfortable financial position.
What do you think me and Scruffy are?
Posted on 5/26/26 at 12:21 pm to Sun God
quote:
What do you think me and Scruffy are?
So we are in agreement the "boomers" didn't hold us back?
So the "personal responsibility and choices" theory has some legs after all? Or are we just financial geniuses who just got lucky too?
Posted on 5/26/26 at 12:23 pm to CleverUserName
No you are just of a lower iq and cannot think beyond the tip of your nose.
Posted on 5/26/26 at 12:25 pm to JohnnyKilroy
quote:
No you are just of a lower iq and cannot think beyond the tip of your nose.
Ahh yes. The attempt at an insult and deflection. The cornerstone of a solid rebuttal.
Posted on 5/26/26 at 12:26 pm to CleverUserName
If the shoe fits…
Posted on 5/26/26 at 12:26 pm to WavinWilly
quote:
frick them all.
Right or wrong, this is a growing sentiment and the boomers refuse to acknowledge or address it.
Its going to get ugly when retirement funds start getting raided and they're standing there, dick in hand, wondering wtf it all went wrong.
Posted on 5/26/26 at 12:26 pm to WavinWilly
quote:
frick them all.
It is impossible to take anything you stated objectively when you conclude it with this.
Posted on 5/26/26 at 12:28 pm to CleverUserName
quote:As I have said many times, I am not part of the cohort affected by this. Medicine insulates me from the majority of economic forces at play.
So we are in agreement the "boomers" didn't hold us back?
Not everyone can be a physician.
The younger generations and those making less income are the ones facing significant hardship.
I don’t have to be part of the group suffering the ramifications of decades of poor social and political policies to understand their plight and worry about the disastrous future legislative impacts.
Posted on 5/26/26 at 12:31 pm to CleverUserName
quote:
So the "personal responsibility and choices" theory has some legs after all? Or are we just financial geniuses who just got lucky too?
You almost certainly got lucky. Seriously doubt you’re a financial genius
I’m comfortable as can be with my lil engineering degree but if you can’t admit that it was easier to get started in life back in the 60s-90s I believe we’re at an impasse.
Posted on 5/26/26 at 12:32 pm to Ramblin Wreck
quote:
It is impossible to take anything you stated objectively when you conclude it with this.
Lazy.
Just like a boomer
Posted on 5/26/26 at 12:34 pm to Furlong the Red
This is just class warfare cleverly veiled as generational conflict. The vast majority of seniors are way under funded for comfortable retirement. When you echo the idea of raiding their retirement funds it's actually just a more palatable way lf saying punish the rich and redistribute wealth.
They'll be crying for more from successful Gen-X and Millenials next.
Looking back on my class Boomer parents and their peers, we had it much easier and more opportunity as Gen-X.
They'll be crying for more from successful Gen-X and Millenials next.
Looking back on my class Boomer parents and their peers, we had it much easier and more opportunity as Gen-X.
This post was edited on 5/26/26 at 4:04 pm
Posted on 5/26/26 at 12:38 pm to Scruffy
quote:
As I have said many times, I am not part of the cohort affected by this. Medicine insulates me from the majority of economic forces at play.
So again. Boomers didn't hold you back. Not in home ownership, not in college admissions, not in property ownership.
quote:
Not everyone can be a physician.
Sure. I'm not. But are in the same financial position you are. Debt free with a paid off home.
quote:
The younger generations and those making less income are the ones facing significant hardship.
There were no older people that made low income? Who paid interest in the high teens in the late 70's and early 80s? Who had late term retirement savings evaporated in the 2000's financial crisis? Who had to ration fuel in the 70's?
quote:
I don’t have to be part of the group suffering the ramifications of decades of poor social and political policies to understand their plight and worry about the disastrous future legislative impacts.
But refuse to blame the younger generations for advocating and voting for the same if not an acceleration of it? When the obvious fix is less spending and a stronger dollar.
Posted on 5/26/26 at 12:38 pm to Pepe Lepew
From a generational standpoint it would be better for those under you if more of you were dying off .
Posted on 5/26/26 at 12:38 pm to JohnnyKilroy
But not everyone owns property. The idea that property taxes are passed along to the consumer is a misnomer because price of rental will be determined by supply and demand for a given market. Yes it is an input that affects the land lord's profits but its not like you pay market price plus cost of property tax that is passed directly to the consumer.
Property taxes relies on the same gov't that needs your money dictate the value of your home. Additionally, gov't or notorious for not updating home valuations. If sold my house tomorrow there is a very good chance the new owner will be paying higher taxes for the same property than I'm paying taxes on today due appreciation in value.
The best part pf property taxes is they are typically dedicated taxes that can't be redirected. Well at least in theory.
Property taxes relies on the same gov't that needs your money dictate the value of your home. Additionally, gov't or notorious for not updating home valuations. If sold my house tomorrow there is a very good chance the new owner will be paying higher taxes for the same property than I'm paying taxes on today due appreciation in value.
The best part pf property taxes is they are typically dedicated taxes that can't be redirected. Well at least in theory.
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