It's so hard for my generation (Gen Y) to start in life.

[HiFi]

Originally Posted by gwynedd1

Please demonstrate. That still isn't an argument. Its an opinion.

What is an opinion? When old people spend money it goes to someone younger. And the obvious point is old people die.

[Randomstudent]

Originally Posted by HiFi

100% true is not useful if it is without point. Just as money transferring from the old to the young is 100% true.

Except transferring money from old to young is not true. Governmentally speaking the young are getting an increasing amount of debt and likely less benefits.

[HiFi]

Originally Posted by Randomstudent

Except transferring money from old to young is not true. Governmentally speaking the young are getting an increasing amount of debt and likely less benefits.

Nearly every penny an old person spends goes to someone younger than them. And that is a fact.

[aus10]

Originally Posted by Randomstudent

Young to Old is not ridiculous at all. The young work, the young pay taxes, in every sense of the word the young 16-60 tend to be the producers of society. That segment is taxed to pay benefits for the old.

You want to get technical it's
young--paying
middle age--paying out the wazoo
older--paying just not as much (assuming they are drawing money out of IRA's, 401K's, capitol gains and other still taxed investments)

I find it funny that I've been called an old geezer boomer on this thread, yet at 50 you classify me as a producer. So which am I, a leech on the young or a producer who by the sheer length of employment has paid in 4X's more not only in SS and Medicare, but in plain ole income taxes as well?

[gwynedd1]

Originally Posted by HiFi

100% true is not useful if it is without point. Just as money transferring from the old to the young is 100% true.

Then you must deny that we have a real estate ponzi problem. A ponzi scheme enriches early adopters at the expense of late arrivals. This cannot be denied as a definition of ponzi. So I was wondering of you would clear that up. There is no real estate ponzi problem or any zero interest rate policy behind it? Please state if that is your position.

[Ibginnie]

Sorry, folks this thread has drifted way off topic. And since many answered the OP's question, over and over again, in the first 100 posts this thread is closed.