JB
· 1w
No, silly. Try reading it again and see if it sinks in: the pittance they had to hand over in the 1970s BY FAR is compensated by the benefits showered on them now AND by the other artificial/inflation...
I read "Luxury Boomer Communism" quite carefully. The data presented are not inflation-adjusted. Yes, the older cohort of the boomer generation were working when the dollar still had a tenuous tie to gold, and some of them therefore had an opportunity to accumulate significant wealth -- IF they invested in inflation-proof assets. Many didn't -- the guys who never made enough to save, the widows who trusted the annuity salesman that they'd be set for life with $400 a month, the folks who put all their faith and trust in the Social Security system and in the government's willingness not to jigger the inflation numbers.
There are plenty of boomer-generation men and women who weren't paid enough, or wise enough, or advised well enough, to invest in real assets while the dollar was still worth more than a wooden nickel. They languish in Third-World-staffed old folks' homes that are little more than drug-dispensing prisons, on Skid Row, in filthy beds in joke-level veterans' hospitals, in paupers' graves.
Every generation would by now be fantastically prosperous, if we hadn't had 99 per cent. of our wealth leached away from us by the termites.
Don't fall for the parasites' efforts to turn our men against our women and vice versa, or one generation of our people against the others, et cetera. That's a formula intentionally designed to keep us from uniting and overthrowing them and their evil System.