BF2S Forums Make me hate baby boomers

they invented smartphones.  theyre not so bad

Honest answer though, the baby boomers are about to start raping the age care facilities, hospitals et all because the demand will sky rocket as they start getting sick due to old age.

The demand is going to put a huge strain on healthcare systems almost world wide.

KEN-JENNINGS wrote:

yeah, people get old and need care.  It's not exclusive to the baby boomer generation.

maybe you missed the part where I emphasised the demand to the system and strain an aging population is going to create

derp

They got sex, drugs, and rock n roll.
Left us with AIDS, crack, and auto tune.

Generally the consensus is that Baby Boomers spent the wealth of their parents, are fully utilising their own wealth for themselves and, with the problems caused by a disproportionately ageing population, will most likely eat through the wealth of their children as well. Then there's the fact that the current economic climate was caused predominantly by Baby Boomers and if you want to talk environmentalism most of those problems too. Here in NZ they own a huge amount of property and have created a market where property is unreachable for most people who aren't already in the market. This means people have to resign themselves to a lifetime of renting which has also created a huge demand for rental housing which has in turn led to rent price rises.

Then, if you want to make it personal, there's the comments that younger generations are self-entitled and lazy and constant moves to punish younger people for not repaying student loans promptly - this from a generation that was gifted its tertiary education for free by the Government. All this seems to succeed in doing here is push intelligent, educated and motivated New Zealanders overseas. Their disproportionate level of property ownership has also meant that people are living with their parents later and later - hence the 'lazy' criticisms. They have created lower tax rates for themselves as adults than when they were children meaning they have removed opportunities they enjoyed, such as free tertiary education, from younger generations, instead burdening them with debt. As they head to retirement age their main concern is whether Government coffers will have enough to support their health and living needs so they are now trying to subtly raise taxes again.

In New Zealand there is a $12b total student debt. If just the Baby Boomers were to liquidate only 1.5% of their housing assets alone half this amount would be covered. Maybe it is self-entitled to point this out and expect others to pay for my education but I think it's a fair point to make about a generation that had their tertiary education paid for. Just 1.5% of housing assets - that doesn't even take into account the disproportionate   amount of non-housing assets the Boomers own.

Following the Christchurch Earthquake last year Boomers immediately liquidated some of their assets, not to help out but to invest in the construction industry. Meanwhile they fought tooth-and-nail against the introduction of an earthquake levy and have fought to put off a capital gains tax for years - money that would actually be used to recover in Christchurch rather than profiteering from the disaster. So how is this cost being covered? Well from Government coffers for one but also largely by private insurers, (run by Baby Boomers,) who have since passed these costs onto consumers - and who are the consumers who shoulder most of this burden? Predominantly Generations X and Y.


I should acknowledge that this opinion is very biased and there are certain mitigating circumstances to excuse the Boomers that I've completely neglected but since you did ask where the hate came from... I mean there's quite a lot of reasons to be a bit shirty. But to another degree nothing can be gained by just pointing it out and bitching about it which just further paints younger generations as entitled brats.

Baby-boomers essentially created the concepts of conspicuous consumption, entitlement to profligate use of natural resources and the live today pay tomorrow or never mentality.

They've spent their parents resources, their own resources, their children's resources and the nation's resources on insane lifestyles while chewing through half the world's oil and much of the minerals.
That and inventing weird financial vehicles which enabled them to enrich themselves assets bought with printed money but are now taking down the whole system.

The entitlement mentality continues well into old age, having typically not saved for their, often early, retirement they're expecting Gen X and Y to fund their continued lavish lifestyle, unlimited medical treatment, frequent foreign holidays, huge inefficient mansions which they don't see why they should sell to fund themselves or free up the property market etc etc.
All funded by final salary index linked pensions - which are no longer available to us plebs.

They've live through the golden (oil) age, have invested nothing for their children or their future, and still expect more.

We're all double screwed because the financial crises have emptied, and then some, the notional retirement funds of most nations.
Tax, medical care and aged care are now a huge ponzi scheme, the boomers are getting their payouts now, X and Y will get less than nothing from their tax contribution.

My father is typical I guess, a cushy govt job, early retirement at 50, index linked final salary pension scheme which pays more than the average wage, and still he gripes.

Last edited by Dilbert_X (2012-05-09 01:07:03)

And now they've got the 'family home' exempt from means testing for aged care - sweet.

land of the free...

they could

Jenspm wrote:

AussieReaper wrote:

Honest answer though, the baby boomers are about to start raping the age care facilities, hospitals et all because the demand will sky rocket as they start getting sick due to old age.

The demand is going to put a huge strain on healthcare systems almost world wide.

Surely that's the fault of poor planning on the government's part, rather than the baby-boomers.. They can't help getting old..!

And what generation makes up the Government?

no that i think about it, yeah they had free university education too.  the CSU/UC system was started with the intent of being free.  its far from free now

Macbeth wrote:

So can someone sell me on how baby boomers suck compared to all previous and subsequent generations of Americans?

Normal for new and old generations to loathe one another.