Sunday 23 October 2011

Why the baby boomers have a lot to answer for - why are you poor?

Let's compare a few facts about our lives to those of the people over 45. The legacy they left us vs that left for the baby boomers by the generation above who fought for our freedoms. As the boomers get older and blighted by disease and old age do you think the under 35s are going to look favorably at their legacy?

They are the privileged many! How about a tax on second and third homes of 20% and 60%. Add to that a tax on non productive land owners of 50%. That would bring down living costs!



Baby Boomers (what the older generation left them)
Under 35s (what the baby boomers left us)
One income family allowed mothers to spend more time with their children
Two income families the norm because the cost of living has gone up and capital owners have lowered salaries as women came into the workforce
Free university education
Forcing people to pay first £3000 per year and now £45000 for 4 years education – about the same as the mortgages the baby boomers used to get when they left university in the 70s
Allowed on the property ladder
Majority unable to leave home and achieve independent property purchases with the median wage
Built enough family homes for all of their children
Stopped building family homes and built smaller and smaller inner city flats to make a profit
Built a decent amount of equity in their homes
Unlikely to have any equity to use to trade up the housing ladder
Provided jobs which were filled from the workforce
Outsourced as much manufacturing to the Far East as possible
Grammar school education and apprentorships for anyone who could prove their ability
Dumbing down of GCSE and A-Level exams to hit “targets” rather than caring about the future of a skilled labour force.
Enabled a care system to look after their elders (a combination of decent work hours and extra bedrooms in their homes)
Forcing society to put their elderly in care homes with little family time for bonding due to excessive work hours
1933 Glass-Stegal act banned the integration of investment banking and retail banking to prevent another Great Depression
Repealed the Glass Stegal act in 2000 to enable a repeat of the Great Depression – for greed not sustainability
Opportunity to fulfil the American dream of homeownership and hard work to achieve a decent living standard for the average citizen
Largest income inequality since records began
Working hours much lower in professional jobs
Banking, legal, doctors, all made to work hard to feed ever  increasing salaries at the top
NHS full of local town natives who cared about their local community and had a rapport with patients
NHS full of management and temp agency workers from abroad. No caring, simply process orientated jobs


Here's another great post from Zero Hedge showing the zero return we have had from our baby boomers since they turned 30 they simply comsumed on debt which they have now asked us to pay for. They complain that "kids today" are unruly and undisiplined when they themselves have provided very little future legacy for their children.

Heed the advice - stop buying pointless plastic crap, start educating your kids in useful activities and generate revenue for the future!

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