• UlyssesT [he/him]
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    edit-2
    1 year ago

    as the children of these wealthy capitalists will inherit their money

    Demographically, at present, boomers as a generational force have held onto the reins of power for longer and have accumulated more wealth than their forebears per capita, and those that came after them have less money and less economic stability and especially less property to their name than boomers did when they were the same adult age. Also, for the first time in a long time, more recent generations are receiving less effective pay and poorer overall material experiences, including shorter life expectancy, something that has been unprecedented for at least a century.

    EDIT: Adding some data, and it's from a mainstream LIB source that softballs the problem but still admits it's a problem.

    https://www.businessinsider.com/millennials-versus-boomers-wealth-gap-2020-10?op=1

    • usernamesaredifficul [he/him]
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      edit-2
      1 year ago

      I am actually begging you to use class rather than generation as the basis for your analysis here. Boomers are not sharing that money evenly and have not worked together in a grand conspiracy to cause this result. This is the natural result of capitalism where wealth coaleses into few hands in larger volumes and productivity increases

      also US boomers lived in a time where the economy was economically advantaged because every other major manufacturing economy had been severly set back by a major war that destroyed a lot of capital and infrastructure and took decades to recover from. America also insisted that the other allied powers of ww2 pay them exorbitant rates for their support in the war which further enriched America and impoverished its economic competition. It's called lend lease because they got the money back with interest. One of the major ladders that US boomers in particular had that no longer exists was Paris, Berlin, and London all effectively having been bombed to rubble

      • UlyssesT [he/him]
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        1 year ago

        I am actually begging you to use class rather than generation

        I am actually begging you to acknowledge that the internal contradictions of capitalism intensify over time, which means definitively boomers enjoyed a time when the contradictions were not quite so severe. Saying "everyone had it just as good and just as bad as everyone else through all of time" doesn't sound very Marxist to me. It just sounds like a defense of boomers through false equivalence.

        • usernamesaredifficul [he/him]
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          1 year ago

          I do not believe boomers caused these internal contradictions to intensify over time. US boomers happened to be lucky in being born in the only country to make money off of WW2 (other than Switzerland). Them having been born during a period of relative prosperity due to factors beyond their control and then having those factors go away also for reasons beyond their control just makes them lucky relative to other generations and yes it is insufferable to have someone who was merely lucky lecture you about how they got their success due to being smart. This good luck on their part is not however the cause of the bad luck on our part.

          • UlyssesT [he/him]
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            1 year ago

            I think it's meaningless to demand one specific "cause" to an intersectional and complex series of material dialectics leading to the present moment. There are multiple causes, countless ones really. And boomers have benefited more from the same ongoing system (by and large because of the post WW2 economic benefits and the less-severe internal contradictions of the time) whether or not you insist that if they are innocent of "cause" then they must be categorically no better off than the generations getting pinched harder than they were at the same age.

            • usernamesaredifficul [he/him]
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              1 year ago

              no there were clearly several causes but you do seem to be angry at them and I do not believe it is just to be angry at someone for things beyond their control. It's false consciousness to blame the elderly who were less mistreated by the capitalists rather than the capitalists choosing to intensify the mistreatment.

              Rather than boomers as a group deciding to force Amazon workers to have timed bathroom breaks it is specifically Jeff Bezos and the Amazon board of directors

              • UlyssesT [he/him]
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                1 year ago

                but you do seem to be angry at them

                I would like you to put away your metaphorical crystal ball and stop telling me how I feel, thank you.

                I could just as easily quote you up there, and from posts before:

                it is pretty ridiculous to categorise wealth by generation

                I am actually begging you

                And assume you are quite angry at me for even bringing up that far too many boomers lord their relative comforts and material advantages over younger people and pretend that the situation they faced is the same as those that came after them.

                • usernamesaredifficul [he/him]
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                  1 year ago

                  I'm not angry I am just concerned about the common false consciousness that harms organising that it is in fact boomers and not capitalists to blame which your arguments are at the very least adjacent to

                  • UlyssesT [he/him]
                    ·
                    1 year ago

                    I'm not angry

                    Neither was I, but I do dislike being told how I feel by someone because I happen to disagree with them.

                    common false consciousness that harms organising that it is in fact boomers and not capitalists to blame which your arguments are at the very least adjacent to

                    Dismissing or even insulting people for feeling trampled under capitalism with "actually" statements and telling them their anger is invalid is poisonous to agitation and organization efforts. I could say I am concerned about that in turn.

                    Let people be upset when assholes, including boomer assholes, tell them that they deserve to be poor and to suffer. The anger is legitimate if it is directed toward people posting trash like in the OP's link.

                    • usernamesaredifficul [he/him]
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                      1 year ago

                      I said you seem angry I apologise if I misinterpreted your tone

                      You are angry at the wrong people and that is poisonous to solidarity it is legitimate anger at those people specifically but it is also important to recognise that those people are just a bunch of random assholes who cannot meaningfully be said to speak on behalf of anyone else

                      • UlyssesT [he/him]
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                        1 year ago

                        I said you seem angry I apologise if I misinterpreted your tone

                        You are angry

                        what-the-hell

                        just a bunch of random assholes

                        They are not entirely random. They are prior beneficiaries of capitalism that are in higher economic rungs, and because they had better opportunities when they were younger than those that came after them when reaching the same age, they are now useful tools to capitalists to dunk on the rest of us, and anger toward that is legitimate.

                        • usernamesaredifficul [he/him]
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                          edit-2
                          1 year ago

                          telling them their anger is invalid

                          I from here assumed you were referng to yourself as a part of them and thus did consider your feelings to be anger

                          I am tired and after this comment will disengage

                          someday those wealthy boomers will die leaving their wealth to their children thus making millenials the wealthiest generation and you and I won't be a penny richer for it

    • EmmaGoldman [she/her, comrade/them]M
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      1 year ago

      Also when you remove billionaire outliers from their statistics, boomers in their 30s were on average wealthier than millennials are when you do include billionaires in our stats.

      Numbers courtesy of the US Census bureau.

      • UlyssesT [he/him]
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        1 year ago

        I think that person came into this thread already convinced that boomers needed defending, categorically, no matter what the material situation is between them and those that came in after them. The conclusion was already decided upon.

          • UlyssesT [he/him]
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            edit-2
            1 year ago

            I don't have flawless recall, but I do tend to remember things, yeah. In fact I was just told:

            someday those wealthy boomers will die leaving their wealth to their children thus making millenials the wealthiest generation and you and I won't be a penny richer for it

            And I will certainly remember that in a few years when something that probably isn't that happens.

            Cassandraism is a helluva drug.

            EDIT: I feel flattered by that image edit and I may seize the memes of production if you're all right with that. order-of-lenin