The Tourist
Moderator
Redworm said:I may be a little upset with the baby boomer generation
You should be grateful that history turned out like it did.
You must remember, boomers spent wealth, started to save late in their lives and paid into Social Security their entire lives.
Now imagine if history went the other way.
Many people believe that it's better to invest your own money. Fair enough. Assume that in the late 1950's and early 1960's that boomers began to invest money from the first jobs they had cutting lawns. Further assume that they now stopped working, retiring from jobs of six figures.
All of the money the government now has (or spent replacing real wealth with IOU's) would never have been collected.
Imagine if all/most of the money was squirreled away in private investments like stocks, bond or precious metals and never pumped into the economy. Imagine if these deferred investments now dramatically lowered the amount of overall taxes the government could assess. And now imagine the boomers retiring--virtually taking 1/3 of American wealth and running.
In that scenario you'd be calling us petulant, selfish, materialistic and crooked.
In fact, you're lucky we existed.