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Baby Boomers Are Evil - visit Reform Australian Housing on Facebook; I bought a house a year ago, paid some snivelling undeserving ageing hippy boomer far more than they deserved
Topic Started: 11 Jul 2014, 02:01 PM (10,202 Views)
Baby Boomers Are Evil
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Boomers Are Evil

The evil baby boomer generation has been exceedingly well catered for, and exceedingly successful in pushing the costs of their lifestyle onto their children and future generations. Nothing represents this better than the explosion in debt levels.

What is debt but borrowing from tomorrow to consume today and at its most basic level, the run up in debt represents the predominant cohorts failure to live within its means, whilst still demanding all the benefits that are globally available.

The repayment of that debt means sacrificing future consumption to pay it back – so effectively boomer society, anticipating ever greater economic growth and imparted benefits of technological advancement, have chosen to run up debt levels so they can benefit from the future advancement of society that they envisaged coming down the road.

Simplistically, technology is going to deliver future residents a higher lifestyle than they can currently afford, so why don’t we load up the economy with debt, so we can enjoy those benefits ourselves – sure future growth rates will be lower, but hey, they’ll have iPhone12′s to make their lives so much more meaningful and enjoyable.

Prior to the boomers being handed the reigns of power, there were a large number of checks and balances, both political, fiscal and social, that earlier generations had put in place, to attempt to reign in the inequalities and power of the 1% (or really the 0.01%).

However, when offered an opportunity to profit by the same sort short sighted policies of self interest, that usually only favour the 1%, as a generation the boomer jumped at the opportunity and have been busy extracting an economic rent from future generations by earning a clip from inflated asset prices ever since.

It is the values of self interest over society, that the ME generation have famously defined themselves by, that really lies at the heart of many of the problems we as a nation, and society now find ourselves.

Personally, I don’t think it is wrong or immoral to be critical of those values or the generation from which they emerged.

Would I sell my house for half the price – of course not.

But am I prepared to argue for and promote policies that will act to my personal detriment?

Yes – I bought a house a year ago, paid some snivelling undeserving ageing hippy boomer far more than they deserved simply for a place to live, while they can use the funds to do whatever the fuck they want. Most likely blowing a fair portion of it on an overseas holiday before coming back and going on the geezer dole.

But guess what, as futile as it may be I started a FB page “Reform Australian Housing” to try and promote policies that would ultimately lead to my own financial detriment, even though, if implemented they’re likely to make Australia a better place to live. I’m also exploring political avenues, if not becoming involved outright myself, then seeing what I can do to assist or support those that do.

What pray tell are you greedy bulls here doing – from the comfort of your much appreciated house?

My attack on Boomers and Boomer culture is due in no small part to the enormous inertia that they exert on society – they have it all nicely squared away for themselves at the moment, so even if, like yourself some of them disagree with where we are headed, their motivation to actually do something about it is next to none existent (like your hopeless comment).

A young and vibrant youth culture is necessary in order to effect change. By failing to stand up and push back as older people shirk the responsibilities for the problems of their own making, society as a whole will become increasing sclerotic.

The opportunities for change diminish as the efforts and energies of young people, that could otherwise be directed towards effecting change, are instead diverted to tread water in their own lives and carry the burden that the old are increasingly placing on them.

This is particularly the case in societies where declining birth rates (arguably as result of those burdens being placed on people of child raising age) further reduces the ranks of young people capable of pursuing social change.

So basically, if you are not for change, actively pushing for it, then effectively you are against change.

Oh and BTW, as a mater of interest, following the pre-budget COA findings and the practical declaration of outright generational war on young people by the controlling cohort, I started a second FB page “Boomers Are Evil”, despite it being in existence for a fraction of the “Reform Australian Housing” page, at nearly 500 likes it already has 20% more likes.

Proof to me that change isn’t going to come from people comfortably ensconced in their nice warm houses, but from young people increasingly locked out of what society has to offer, by their parents or more to the point, their grand parents.

I seriously doubt any meaningful change will be pursued by members of GenX, however where members of my generation can take a leadership role is by influencing those who are increasingly being locked out of life and have nothing to lose.

Nothing in this world ever gets done without the help of angry young men, and when I look at the demographics of the BAE FB page, it gives me hope that maybe, just possibly, change is still possible.
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Black Panther
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Sounds like you capitulated.
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Dr Watson
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Baby Boomers Are Evil
11 Jul 2014, 02:01 PM
Proof to me that change isn’t going to come from people comfortably ensconced in their nice warm houses, but from young people increasingly locked out of what society has to offer, by their parents or more to the point, their grand parents.
Yes, but a change to what? You're long on problems and short on solutions. Do you have any?
Edited by Dr Watson, 11 Jul 2014, 03:15 PM.
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt — Bertrand Russell
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peter fraser
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Gen X and Y already outnumber BB's voting power.

That's the problem with ice, it cracks your brain.
Any expressed market opinion is my own and is not to be taken as financial advice
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stinkbug
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Far easier to blame a generic, faceless group of people who did things much tougher than yourself than to get your butt into gear and move forward.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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Sydneyite
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stinkbug
11 Jul 2014, 03:33 PM
Far easier to blame a generic, faceless group of people who did things much tougher than yourself than to get your butt into gear and move forward.
What do you mean? They did actually buy a house after all anyway! They just resent havving to pay a fair price for it.... :dry:

Oh, and they also made a Facebook page..... :re:
For Aussie property bears, "denial", is not just a long river in North Africa.....
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Mallard
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Baby Boomers Are Evil
11 Jul 2014, 02:01 PM
Would I sell my house for half the price – of course not
You are already one of the people that you so detest
Collecting desperation.
Ex-Bp Golly April 2 2015. "I see with a slight overshoot -70% [fall in Sydney house prices] as being well within possibility"
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herbie
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The "ME" generation ... That's stereotypically Gen Y No?
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Curious Non-Economist
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peter fraser
11 Jul 2014, 03:19 PM
Gen X and Y already outnumber BB's voting power.
They do, but Gen Y votes for their inheritance.
Edited by Curious Non-Economist, 11 Jul 2014, 08:11 PM.
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ThePauk
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herbie
11 Jul 2014, 05:18 PM
The "ME" generation ... That's stereotypically Gen Y No?
Herbs
No, the me generation is the boomers. The Gen y/z are infact very social in their attitudes.

Note, many boomers are broke or heading into retirment in debt. Financially there are huge differences in the cohort.
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