People constantly talk about how much easier the Boomers had it and in the many threads on Twitter last night where these videos were shared there were many such comments. Obviously that context was lost with my post here, so that’s on me, but that’s the sentiment I was mostly commenting on here.
When you control for age, every cohort has had similar wealth and income distributions at the same points in their lives. There are some marginal differences, but it is definitely not the case that everyone was buying cheap real estate in the ‘70s and ‘80s. Especially given the double digit interest rates.
But things will get worse at an accelerating rate if the climate hysterics get their way. The loudest voices complaining about how capitalism has stolen their futures are also the same people cheering on the green agenda to reduce the standard of living for the developed world. And none of the commentary on these videos over the last couple days, and the subject in general, have dealt with that reality.
So what they should do is quit supporting the people who have been promising them they were going to dramatically reduce their standard of living for 3 decades. And that’s the point I was trying to make, poorly.
BourbonicPlague / Bourbonic Plague
npub1zp…ckvjd
2023-08-17 02:25:52
in reply to nevent1q…pzpj
Author Public Key
npub1zp9fuqdl487hmzvjqcmt7fdm9rcl5hhy5y3qr7k5vtahnjd4kt5sfckvjdPublished at
2023-08-17 02:25:52Event JSON
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