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Joined 1 year ago
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Cake day: June 11th, 2023

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  • No one in their right mind would argue that millennials are struggling. The way the average wage across the world has been driven down is abhorrent. Now show me how this is the fault of boomers.

    This is what I wrote in another post:

    Everything regarding boomers and wealth accumulation is nothing more than culture wars and a race to the bottom. The real enemy are those that have manipulated politics to allow them to abuse labour laws and taxes. We should not be looking at why some have did well in life, we should be looking at why some are not. It should not be a race to the bottom, it should be about getting more for for those who deserve it.

    No one pushing these culture wars like to highlight just how tax systems have changed in the last 80 years.

    In 1944, the top rate peaked at 94 percent on taxable income over $200,000 ($2.5 million in today’s dollars3). That’s a high tax rate.

    The Economic Recovery Tax Act of 1981 slashed the highest rate from 70 to 50 percent, and indexed the brackets for inflation.

    During the 1990s, the top rate jumped to 39.6 percent.

    All the while governments across the world have added loopholes to facilitate tax evasion on a massive scale.

    Median earnings have gone up 2% in real terms since 1980. But the disparity between those who have and have not has changed in favour of the richest. The poorest are now much worse off than they have been since the 80s, and the richer are vastly richer.

    https://www.statista.com/statistics/185369/median-hourly-earnings-of-wage-and-salary-workers/

    Your problem is not with a Pseudo-generation, it is with the way the system runs. Everything is stacked against those without money.


  • Precisely this. Everything regarding boomers and wealth accumulation is nothing more than culture wars and a race to the bottom. The real enemy are those that have manipulated politics to allow them to abuse labour laws and taxes. We should not be looking at why some have did well in life, we should be looking at why some are not. It should not be a race to the bottom, it should be about getting more for for those who deserve it.

    No one pushing these culture wars like to highlight just how tax systems have changed in the last 80 years.

    In 1944, the top rate peaked at 94 percent on taxable income over $200,000 ($2.5 million in today’s dollars3). That’s a high tax rate.

    The Economic Recovery Tax Act of 1981 slashed the highest rate from 70 to 50 percent, and indexed the brackets for inflation.

    During the 1990s, the top rate jumped to 39.6 percent.

    All the while governments across the world have added loopholes to facilitate tax evasion on a massive scale.

    Median earnings have gone up 2% in real terms since 1980. But the disparity between those who have and have not has changed in favour of the richest. The poorest are now much worse off than they have been since the 80s, and the richer are vastly richer.

    https://www.statista.com/statistics/185369/median-hourly-earnings-of-wage-and-salary-workers/







  • I think that you mean by distinction, what you really mean some have a sensible approach. Both are likely to buy a product just by preference.

    As for people buying the less informed option, if people are happy with their purchases, then let them have at it. It is hard to compare anything with the disappointment of buying something you are getting enjoyment from, only to find some smart Alec calling you an idiot. It is great to see guides on best purchases before you buy them, but once a purchase has been made there is no real going back on that.