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Yes social security in the U.S is a specific tax that only goes to social security.

Well, it seems that the US has one of the best systems for retirement in the world then.

It’s silly to blame older generations that had it better for the decline.

The total net worth of all billionaires in the US is actually a bit less than the total value of all 401ks alone, ignoring other forms of retirement and savings funds. When things are done “for the shareholders”, what makes you think that it’s only the billionaires? Retirement by definition benefits from the next generations being held down by low wages to benefit the corporations you’re invested in. Boomers, or at least the selfish ones, have a tendency to vote republican because their interests align with billionaires’ interests.

But both the net worth of billionaires and total value of 401ks pale in comparison to the total net worth of baby boomers in total.

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In a few decades it’ll be Gen X and then millennials. As a millennial I hope my generation doesn’t take the same hard right turn once we’re in charge of the economy, but that’s like 30-40 years from now and who knows how jaded millennials will have become by then. Luckily we won’t get as many decades in charge as the boomers have had.

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2pNza@lemmy.world ⁨2⁩ ⁨days⁩ ago
They will be gen X and millennials if bommers will transfer the wealth to them. But there is possibility that they will just sell everything and big corporation will buy it. Like with agricultural land in US. Some land is not longer in hands of private people but in corporation owners hands. (Like in feudalism, by the way there is even term tech feudalism: en.wikipedia.org/wiki/Technofeudalism) Bill Gates is doung it already (…yahoo.com/…/bill-gates-finally-explains-why-1949…)

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daannii@lemmy.world ⁨3⁩ ⁨days⁩ ago
This is not evidence that boomers stole your money.

It’s just evidence that companies have been exploiting people to greater levels over time.

Boomers had as much power to shape the economy as you and I have right now.

Do you really think that the people paying off politicians to pass laws or hinder laws to increase their profits is blameless ?

Blaming boomers is akin to blaming immigrants. Or women. Or disabled people for the reason that companies won’t pay their employees what they should.

It’s scapegoating propaganda.

Billionaires don’t want you looking their direction so they constantly are trying to find a new group to point the finger at.

They own all the mainstream media which is also pushing this narrative.

It’s not the exploitive hoarding billionaire controlling your politicians making your life harder. No. Couldn’t be.

It’s the older generation who have a little bit more than you have. Yeah. Fuck old people. How dare they not due already ?

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- 2pNza@lemmy.world ⁨2⁩ ⁨days⁩ ago
  They have right to live like everyone else, it is not about that. I just don’t understand why they don’t see any issues with billionaires as we do. Why they dont care about that? Maybe they are not informed as good as they should be. Maybe there should be an initiative “Inform a boomer” or a board game for them “younger generations” were you will always loose because of the billionaires, to create space for discussion. Idk just kidding about that but I don’t understand why they don’t care
  
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  - daannii@lemmy.world ⁨2⁩ ⁨days⁩ ago
    Yeah there is definitely an issue there. Many don’t seem to realize times have changed.
    
    “I worked part time during the summer and put myself through college. These newer generations just want everything handed to them”.
    
    No realizing tuition is 30k-50k a year.
    
    “I was able to buy a house at 25, working as a clerk at a feed store”?
    
    Not realizing that working full time for minimum wage isn’t even enough to afford an apartment on your own anymore.
    
    I think many don’t realize how much income-to-expenses has changed.
    
    And seen to not realize that without a college degree, it’s unlikely you can find much work that pays more than minimum wage. And even that is generally only for men doing physically demanding jobs which have long term health consequences.
    
    So it’s either take on a huge amount of debt for a chance at a slightly better job pay and security, or stay in poverty forever.
    
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