New here?
Create an account to submit posts, participate in discussions and chat with people.
Sign up
30
The bare minimum anti racist boomers deserve (twitter.com)
posted 1 year ago by derjudenjager on scored.co (+0 / -0 / +30Score on mirror )
38 comments
Permalink
Mirrored from scored.co
You are viewing a single comment's thread. View all
22
Brannvesen on scored.co
1 year ago 22 points (+0 / -0 / +22Score on mirror ) 1 child
The result of wasting several generations of wealth, including the family farm on a stupid luxury cruise and fucking over their kids by ruining their opportunities and calling them lazy for failing to even afford a house of their own.

Ironically they still blame their kids when the only remaining option is one of these retirement facilities run by the city, staffed by minimum wage workers, often immigrants.
Permalink Reply
Mirrored from scored.co
16
TestableHypothesis on scored.co
1 year ago 16 points (+0 / -0 / +16Score on mirror ) 2 children
Imagine if boomers taught their children to be responsible, then helped them buy a house and get set up to have families early in life, instead of gambling all their money in the (((stock market))).
Permalink Reply
Mirrored from scored.co
5
Maskurbator on scored.co
1 year ago 5 points (+0 / -0 / +5Score on mirror ) 2 children
Stock market wasn't the issue since realistically if they consistently did invest they'd be up.

The issue was that you can't name two boomers who didn't take out a shitton of equity on their home every chance they had. They bought homes for $50k-300k in the 80/90s when and they should all either be paid off by now or within single digit years of being paid off.

Instead they all have more mortgage debt on their home NOW than theu did when they bought the fucking things.

Why? Vacations, cruises, cars. And instead of their kids inherited Gomez they'll be inheriting second or reverse mortgages.
Permalink Reply
Mirrored from scored.co
1
Brannvesen on scored.co
1 year ago 1 point (+0 / -0 / +1Score on mirror )
With property taxes and mortage payoffs higher than Hunter Biden, those old houses will be more of a curse than a blessing to inherit sadly. The kids will practically be forced to sell them, then they get mocked by other boomers who call them "renters" as an insult.
Permalink Reply
Mirrored from scored.co
1
TestableHypothesis on scored.co
1 year ago 1 point (+0 / -0 / +1Score on mirror ) 1 child
The stock market is the issue, for many reasons. First, it forfeits control of their money to companies like (((Blackrock))). Second, it gives power to companies like (((Blackrock))) to manipulate the economy against boomers, and their posterity. Third, it is gambling. Or worse, a Ponzi scheme. So long as stock prices reflect how traders feel about a company and not the assets and profit, it is speculation. Fourth, and most importantly, it prevents parents from investing in the next generations, which is critical for a stable society.
Permalink Reply
Mirrored from scored.co
1
Maskurbator on scored.co
1 year ago 1 point (+0 / -0 / +1Score on mirror ) 1 child
Could you elaborate on your fourth point?

My experience has shown me that the people who don't participate in stocks end up becoming old and destitute. Whereas the people who do, end up being able to live off of them and enjoy retirement.

I'm merely observing the outcomes and using that to determine the appropriate input.

Am I overlooking something?

And what's the proposed alternative?
Permalink Reply
Mirrored from scored.co
2
TestableHypothesis on scored.co
1 year ago 2 points (+0 / -0 / +2Score on mirror )
What you are observing is the difference between responsible people and irresponsible people. The difference really comes down to the last few years of life. Like u/Brannvesen said, instead of going to a retirement home, their children take care of them. However, having grandparent around to help with the raising of second generations is invaluable.
Permalink Reply
Mirrored from scored.co
0
Brannvesen on scored.co
1 year ago 0 points (+0 / -0 )
If only they did, then they wouldn't end up in shitty retirement homes. And their kids would take care of them.
Permalink Reply
Mirrored from scored.co
Toast message