I can’t wait to get my hands on some of that stimulus cash. Trump just signed the bill into law, but will it be enough to get American’s out of the free-falling economy? Maybe it is something the baby boomers should have realized a long time ago. The economy will be stronger if you give cash to the citizens that move the cash the quickest.
Sadly, this brings up what I think needs to change about the current baby boomer economic strategy. Which if you look at it. It has been manufactured just to take care of their generation. They love to kick the can down the road, and they are not going to pay for all of the debt that they have put American in. If you do recall, there parent’s generation paid off most of America’s debt.
Taxpayers need to stop investing in corporations
I believe that taxpayers need to stop investing in corporations (trickle-down economics) and start investing in taxpayers (trickle-up economics), for the last 40 years. I have realized that the trickle-down theory is a joke. I am not happy with the results at all, and you should be unhappy as well. Sadly, this is what trickle-down economics has given us.
We have a horrible public school system compared to the world; our medical industry gladly puts most Americans that use it in bankruptcy. Our universities put the majority of students in a crazy amount of debt. Oh, and the kicker for the last 40 years. The majority of Americans’ pay has been stagnant, while the wealthy class has increased an insane amount. The rich have done nothing but take care of themselves and their stakeholders. If we do not take what is ours, then they will continue to bend us over and take what they think is theirs.
Kevin Bacon, in the movie “Animal House,” explains it best.
6 replies on “Baby Boomers, Once Again Fail America! Maybe not?”
All baby boomers are not the same.
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You are correct! Thank you for the comment!
Somehow the Indian situation resembles a lot of what you describe above. However, we do have a lot of ‘repair” guys, so we use many products for many years. Also, even with a lot of problems and corruption, our Agriculture system still produces a lot for consumption, and for giving even to very poor and needy, if logistics are taken care of.
But yes, we need more investments in our Health infrastructure as not all can afford costly private healthcare, which is good but costly.
Agreed on all accounts, nice Kevin Bacon tie-in, it really does sum up how the generations (remember Gen X) folllowing baby boomers have gotten it.
I used to think that way until I read about American quadrants, advantages Big corporations and investors have over tax paying middle class, how those tax work, who it is meant for and how to avoid it. The book is Cashflow Quadrant by Robert Kiyosaki
I am 60, that make me a baby boomer, and I like this post. Amanda, thank you for visiting and following my blog. Nice to meet you. 🙂