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I believe most of the coke heads were the hippy's that were far left and not a conservative. Groovy man. Everything is copacetic, far out , anti-war flower child pot head liberal.
Sorry. Most of the hippies did not turn into coke heads. Coke heads sprang from yuppies, not hippies.
eh, i don't think us millenials have it all that hard. it's more that i think boomers had it particularly easy, but don't seem to appreciate that.
Maybe you could elaborate on just how you think the Boomers had it "particularly easy".
The oldest Boomer males had Viet Nam hanging over their heads. The oldest Boomer women had far fewer rights, by law and by custom, than the young women coming of age today. "Equal pay for equal work" was a pipe dream then. Help wanted ads still discriminated by male and female. The nation was reeling from the Chicago convention of 1968, the Kennedy/King assassinations, Kent State, you name it. It was not a tranquil time.
In the early 70s, just as I was graduating from college and getting started in life, Tricky Dicky slapped on wage and price controls to combat inflation. Then along came the embarassment of Watergate and Nixon's resignation. Though that did not affect anyone directly, it is more evidence that we weren't living in some gilded age. There was the first energy crisis of the early 70s. Ford came along with "WIN" (Whip Inflation Now) and MEOW (Moral Equivalent of War). On and on. By the early 80s, the interest rate on mortgages was about 18%, just as the oldest of the Boomers were starting to buy homes.
I am a boomer and compared to the depression kids and today’s graduates, I had it pretty easy. All I had to do was spend some time in 'Nam to earn a bit of help from the GI bill. At least we still had a manufacturing economy in those days so I could be hired as a machinist. These days there are very few jobs for skilled tradesman and less for college graduates except for financial manipulators and similar thieves.
Maybe you could elaborate on just how you think the Boomers had it "particularly easy".
Boomers didn't have to make smart financial decisions to become wealthy, basically y'all just raped the currency. The liquidity trap we're in today was caused by boomers overindulging in debt (both public and private, current and future, long term and short term).
You probably understand the concept of a constituency "voting itself money," in the context of the "tax and spending welfare state." Boomers "voted themselves money," in the form of easy bank loans. Black Monday and the S&L crisis were the early warning signs, which y'all's generation ignored. You continued to elect politicians who supported supply-side, easy-money policies, with no concept of fiscal discipline.
Boomer economics:
Need jobs? Make mortgage loans easier to get. Then people can work construction.
Need an education? Make education loans easier to get. No need to actually pay for education in the form of state taxes.
Need to retire? Just join a union.
Union employer about to go under? Just cut the future benefits of younger workers.
State can't fund its pension? Don't raise taxes to fund it, or cut benefits, just assume you'll get a higher rate of return. Your kids can always pay higher taxes later, if the extra returns don't pan out.
Boomers didn't have to make smart financial decisions to become wealthy, basically y'all just raped the currency. The liquidity trap we're in today was caused by boomers overindulging in debt (both public and private, current and future, long term and short term).
Excuse me! You think we got "wealthy" without work? No, that's for fairly tales, like turning coal into gold.
Excuse me! You think we got "wealthy" without work?
You personally, I don't know.
I do know that the boomers accrued most of their wealth through the inflation of housing prices. That is a fact.
Judging by your response, you don't seem to get my point.
Quote:
Originally Posted by Bideshi
So how come I still have to work at 67?
Are you less successful than your generational cohorts?
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