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alstry (35.42)

A System That Just Prints Money And Gives It To Old People

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November 07, 2011 – Comments (5)

Older Americans are 47 Times Richer Than Young

So the kids can be their slaves.....

Amazing things happen when you bail out bankrupt financial assets and not the underlying cash flow.

How long do you think the people will put up with bailing out the NON productive and not helping the productive?

Lanier: Occupy D.C. has become ‘increasingly confrontational and violent’

5 Comments – Post Your Own

#1) On November 07, 2011 at 11:22 PM, alstry (35.42) wrote:

The funny part is the old people don't deserve their wealth because they got it by bankrupting a nation and cutting off the kids from opportunity.

Young Men Suffer Worst as Economy Staggers

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#2) On November 08, 2011 at 1:21 AM, ajner (< 20) wrote:

It's one thing to read and digest these facts, and it's another to blame your parents and grandparents for actively sabotaging your future. I'm sure that's what they had in mind when they gave birth to their offspring - a sick joke. I can just see them huddled together in clandestine meetings saying "See, we'll have these kids, pretend we love them, we'll rob their wealth, and then we'll die. That'll show 'em." When you get old, will you think you deserve to be kicked to the gutter because you are non-productive? We are standing on the shoulders of giants who brought all of this knowledge and technology to our fingertips, with much less knowledge and science than we have today. And what have we produced with this information? Whining and sulking. That sounds just like the definition of non-productive, and certainly non-deserving of a pay bump. You want to know what to do about this? Start with Don Corleone's advice: http://www.youtube.com/watch?v=g2jAwiq6YsE

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#3) On November 08, 2011 at 2:30 AM, blearynet (< 20) wrote:

Wow, well said Ajner!  My parents lived very frugally and worked very, very hard, long hours for low pay.  Yet they managed to put us, their kids, through college and give us opportunities that they themselves never had.  

We are indeed standing on the shoulders of giants. And all around me I see a lot of whiny brats who think they are entitled to the job of their dreams, a nice house, a big wardrobe of clothes, electronic stuff of all sorts, etc. etc.   

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#4) On November 08, 2011 at 8:36 AM, devoish (98.26) wrote:

Alstry,

It has been reported that the pew report statistics includes 401ks as personal wealth today,  but did not include the accumulated value of pensions in 1980.

http://www.alternet.org/economy/153012/pew_report_on_young-old_wealth_gap_is_misleading_and_divisive%3B_could_fuel_intergenerational_class_war/?page=entire 

Best wishes,

Steven

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#5) On November 08, 2011 at 8:43 AM, alstry (35.42) wrote:

devoish.

The only reason that the gap is so large today is that in the last generation, 1980 to today, we borrowed $50 Trillion dollars....in all generations up to that time, the total debt equaled only $5 Trillion.

That borrowed money is sitting in the retirement accounts of everyone about to retire...yet we expect the kids to pay it back without giving them much opportunity in the current system?

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