Baby Boomers are also known as the Me Generation. (or uhøflig selvisk sjover slægtled in Danish)
Sometimes its not hard to see why.
Baby boomers got jobs, worked hard, made lots of money, and want to spend it on themselves. How selfish is that?
Theo[/QUOTE]
that bit is fine - it's bit where they blame everyone else (including their parents and their kids) for any hardships they have had to endure (ie their share price falls, they can't walk all over a shared path with their multiple white floor mops for dogs on the end of extendable leashes, price of fuel etc etc).
Baby boomers got jobs, worked hard, made lots of money, and want to spend it on themselves. How selfish is that?
THey didn't die young as their parents did before them.
Hahahaha, you have no idea of what you are talking about. Hint, do a little bit of family tree research. Perhaps mine were just lucky that they lived in Australia and worked on the land in the open outdoors.
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They should have had a nice bloody war to thin themselves out a bit.
They did, it was Vietnam. And there but for the grace of Gough went I!
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Plus their surviving parents built them a booming world with lots of stable jobs. Have they done that for their kids? [censored] they have!
Err, wasn't this done by killing off a lot of population in wars? And in Australia, the war had provided newer technology to enable greater exploitation of the land and newer manufacturing opportunities.
Reminds me of that classic line from Fried Green Tomatoes when some young arrogant supermarket car-parking spot stealers get their car smashed by the (older) miffed heroine: Yeah but I've got more insurance!
Baby boomers got jobs, worked hard, made lots of money, and want to spend it on themselves. How selfish is that?
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It doesn't take much to smile, say thankyou from time to time.
Yup, I see young people being courteous to boomers all the time. I smile, but I'm not a boomer.
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Here is the problem as I see it.
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And an aweful lot of Baby boomer haven't saved for retirement (more so the average Austmerican) and then [censored] when Howard tells them they will have to work longer before they can access a pension that I will be paying for.
Why should you pay for anybody else's pension. When I got a job and started paying taxes the gov't told me "Work hard, pay taxes and we will look after you in your retirement". Now they are saying "You should have saved your money". What I want to know is "WTF did they do with the money I gave them for my pension". If they were a Life Assurance company the managers would be jailed.
What I want to know is "WTF did they do with the money I gave them for my pension".
They spent it on the pensions of people who were already retired. Unfortunately there are a lot of obstinate old buggers who refuse to die at the rate their parents did and didn't produce enough future tax payers in their younger days to fund their retirement.
So unless you produced *lots* of kids or lived a much unhealthier lifespan-reducing lifestyle Theo, it's all your own fault! 🙂
Baby boomers got jobs, worked hard, made lots of money, and want to spend it on themselves. How selfish is that?
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It doesn't take much to smile, say thankyou from time to time.
Yup, I see young people being courteous to boomers all the time. I smile, but I'm not a boomer.
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Here is the problem as I see it.
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And an aweful lot of Baby boomer haven't saved for retirement (more so the average Austmerican) and then [censored] when Howard tells them they will have to work longer before they can access a pension that I will be paying for.
Why should you pay for anybody else's pension. When I got a job and started paying taxes the gov't told me "Work hard, pay taxes and we will look after you in your retirement". Now they are saying "You should have saved your money". What I want to know is "WTF did they do with the money I gave them for my pension". If they were a Life Assurance company the managers would be jailed.
Theo
The money you and I gave them went to paying the pensions of those who were retired at the time, same as our parents taxes went to paying the pensions of those were retired at the time. When I started paying taxes it was understood that that was how it worked and would work for us.
Ted. ============================================================== | Ted Linnell <[email hidden]> | | | | Nunawading, Victoria , Australia | ==============================================================
What I want to know is "WTF did they do with the money I gave them for my pension".
They spent it on the pensions of people who were already retired.
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So unless you produced *lots* of kids or lived a much unhealthier lifespan-reducing lifestyle Theo, it's all your own fault! 🙂
Just one of my three kids and his wife paid $70,000 in income tax this year. Can I just have that and you buggers get your own kids then. My dad's got 9 kids, all still working, 37 grandchildren, most working, I don't know how many GGChildren, some working, and three GGGchildren, none of which are working. Sounds like he's OK too. Hang on, we might have enough people to secede from Oz and run our own welfare system. :-)
were retired at the time, same as our parents taxes went to paying the pensions of those were retired at the time. When I started paying taxes it was understood that that was how it worked and would work for us.
Yes, and we paid for our parents. Now however, we appear to be a drain on our kids. They don't want to pay for our pensions.
"Theo Bekkers" <[email hidden]> wrote in message news:[email hidden]...
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SteveA said:
Baby Boomers are also known as the Me Generation. (or uhøflig selvisk sjover slægtled in Danish)
Sometimes its not hard to see why.
Baby boomers got jobs, worked hard, made lots of money, and want to spend it on themselves. How selfish is that?
Theo
There are some issues with the baby boom generation although they tend to be collective rather than individual things. It's stuff like the number of investment properties increasing and driving up the values of said properties to the point where it's extremely hard to buy a house unless you've already got huge levels of equity already accumulated or an uncommonly high income. As a Gen X'er with little in the way of accumulated wealth I look around at 350-400k homes 20km from the city and wonder how the hell I'm ever going to be able to afford one. The baby boom generation has accumulated wealth far beyond the level to which their parents (or probably more relevantly, their grandparents) did. Because they constitute a section of the population with a great deal of influence, both by dint of numbers ,because they control a disproportionate percentage of the communities wealth and because they hold essentially all exectutive positions within institutions that relate to finance, investment, real-estate and so on, those same institutions cater very much to them rather than first home buyers, parents who actually have children (rather than offspring who are now adults and live away from home)...the current family and home makers in other words. The first couch-potato generation hitting old age and finding the effects of a lifetime of sedentary living catching up with them are going to present an interesting load on an under-resourced health system as well. They were the first to experience the "family car" as a widespread phenomenon, the first to have TV and they were the ones who hit adulthood just as the post-war population shift to urban areas and service-based industries really took off. Not only do they represent a demographic lump by dint of raw numbers but also by the fact that they represent a radical shift in lifestyle. The aged care facilities in this country are already attracting attention, but once the biggest voting demographic lump starts taking an active personal interest in them they're going to start chewing astonishing amounts of resources. Just wait for the cries of "We didn't know it was going to be this bad!". Well duh. Meanwhile, guess who's going to be providing the cash to upgrade and expand these resources. While trying to service outrageously enormous mortgages. And while starting to seriously retrofit industry and transport and everything else to attempt to make a dent in the ecological mess that was created during the mid to late 20th century. I remember when I was a kid I used to make messes while having fun and then leave the mess for my parents to clean up. I do wonder whether this is some kind of weird collective payback thing. Note that this is very much off the top of my head, so there's probably a lot I've missed. Oh well, maybe Mums and Dads selling off their houses as they move into retirement homes will push property values back down to something sane.
There are some issues with the baby boom generation although they tend to be collective rather than individual things. It's stuff like the number of investment properties increasing and driving up the values of said properties to the point where it's extremely hard to buy a house unless you've already got huge levels of equity already accumulated or an uncommonly high income.
I still don't understand how the value of everybody's property going up helps anybody.
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As a Gen X'er with little in the way of accumulated wealth I look around at 350-400k homes 20km from the city and wonder how the hell I'm ever going to be able to afford one.
I'm glad my children have passed that hurdle.
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The first couch-potato generation hitting old age and finding the effects of a lifetime of sedentary living catching up with them are going to present an interesting load on an under-resourced health system as well.
"Theo Bekkers" <[email hidden]> wrote in message news:[email hidden]...
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Resound said:
There are some issues with the baby boom generation although they tend to be collective rather than individual things. It's stuff like the number of investment properties increasing and driving up the values of said properties to the point where it's extremely hard to buy a house unless you've already got huge levels of equity already accumulated or an uncommonly high income.
I still don't understand how the value of everybody's property going up helps anybody.
It's not so much matter of helping anyone as disadvantaging some more than others.
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As a Gen X'er with little in the way of accumulated wealth I look around at 350-400k homes 20km from the city and wonder how the hell I'm ever going to be able to afford one.
I'm glad my children have passed that hurdle.
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The first couch-potato generation hitting old age and finding the effects of a lifetime of sedentary living catching up with them are going to present an interesting load on an under-resourced health system as well.
Yeah , but they're the Xers, not the boomers.
Uh, no. TV arrived in Melbourne in 1956 and more or less the same time elsewhere in this country. Cars becoming a more or less universal mode of transport started to happen about the same time and became properly entrenched about a decade later. The boomers were the original couch potatos.
Just one of my three kids and his wife paid $70,000 in income tax this year. Can I just have that and you buggers get your own kids then.
Yebbut, only a wee bit of that goes to pensions. A chunk of it goes to things like building roads to the middle of nowhere, like, ooh, let's say Chittering, to allow people to commute into the CBD. You want your kids to pay for that directly too? 😉
As for my own kids paying for my retirement, I'm working on motivating my 2 year old to enable his parents to retire at 50. That's only 14 years away. How he does it is his problem (as long as it's legal), I just provide the motivation 🙂
were retired at the time, same as our parents taxes went to paying the pensions of those were retired at the time. When I started paying taxes it was understood that that was how it worked and would work for us.
Yes, and we paid for our parents. Now however, we appear to be a drain on our kids. They don't want to pay for our pensions.
Theo
Makes you wonder who the selfish ones are.
Ted. ============================================================== | Ted Linnell <[email hidden]> | | | | Nunawading, Victoria , Australia | ==============================================================
were retired at the time, same as our parents taxes went to paying the pensions of those were retired at the time. When I started paying taxes it was understood that that was how it worked and would work for us.
Yes, and we paid for our parents. Now however, we appear to be a drain on our kids. They don't want to pay for our pensions.
What has changed is that people these days start work later (after tertiary education, travel etc) and stop work earlier (lots of people consider 55 to be the new retirement age, lots of other people think its more like 50) and die later.
Back when the age pension age of 65 was first set, people started working at 16 and died at 70. Retirement used to be only a few years before death.
The drain is that people are starting to see early retirement as a universal right and expect to be able to blow most of their capital by 65 then live off a pension for another 20 years.
