The ‘great wealth transfer’ isn't $73 trillion but $129 trillion, Bank of America says—and the government gave most of it to baby boomers

CantaloupeLifestyle@lemmy.world to politics @lemmy.world – 639 points –
The ‘great wealth transfer’ isn't $73 trillion but $129 trillion, Bank of America says—and the government gave most of it to baby boomers
fortune.com
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Except Boomers, as a whole, swallowed right-wing bullshit and voted again and again for politicians and policies that fucked things over for future generations to come. They enjoyed the post-war economic boom fueled by socialist government policies and then promptly shut the door on their children and grandchildren by killing those same socialist programs. Time and time again, they fell for corrupt conmen, ultimately leading to the election of Trump and a resurgence in fascism.

No, not every boomer voted for right-wing assholes, but virtually every boomer fails to take responsibility for the current economic environment, choosing instead to blame immigrants, minorities, politicians, or China. No wonder Trump appealed to them.

People lose their mind as they get older. But blaming them gets us nowhere.

Boomers also elected Clinton, Obama and Biden.

Yeah, I am more progressive than the average boomer.

But there are also alt-right millenials and Gen Z.

Age based politics is dumb and will never succeed. It really only appeals to a small minority of people.

I'm not going to throw my parents under the bus and neither are most people.

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This is the same thing I heard boomers say about the "Greatest" generation, and now I'm hearing the same thing about Gen X and Gen Y, too, though.

As a GenX-er: You're hearing things about us? Usually, we get ignored. I can't tell you how many times I've heard stories about "the generations: Boomers, Millennials, and Gen Z" as if we don't exist.

Same, and I'm Gen X. What I sometimes hear (from Gen Z and Gen Y) is the usual BS narrative about how we (all of us, apparently) are responsible for things like donnie and the state of the Republican Party in general.

But yeah, mostly Gen X is completely overlooked. Give it time and I'm sure we'll be the new boomers when it comes to ageist nonsense.

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