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30
The bare minimum anti racist boomers deserve (twitter.com)
posted 1 year ago by derjudenjager on scored.co (+0 / -0 / +30Score on mirror )
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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.
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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.
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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.
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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?
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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.
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