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.
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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.
The Red Alert Blog 
8 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!
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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.
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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.
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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
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I’m a baby boomer and recognize some of my selves represented here. Want to add that the trickle-down corporate expansive continuous growth addiction model is an outcome that presumes that win/lose runaway capital monoculturalism is preferable over steady-state slow-grow green cooperativism–which is a wildly revolutionary and irresponsible perspective, given all the public and private health-wealth evidence to the contrary. Thank you for this reflective power analysis. Much appreciated.
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This is long-winded but said with respect:
Your post is generalized and while I won’t argue your opinions here I will give you some thoughts to ponder.
Each generation has blamed the today on the previous and previous generations for, well, generations. That is not new. However, as a baby boomer who worked from the day she left home at 17 (which most baby boomers did). I paid taxes and earned my social security just to live on for retirement years, which is now. It is still not enough. That is not the boomer’s fault however, that is government assuming. Younger generations need to plan as we did and get work and make changes for your lives after us in all ways. I am not saying many are not doing it, but more need to. It was unheard of not work after high school and college in the 60’s and 70’s.
Social media was not even a thought back then, we did not have it. I think that makes a huge difference today and not everyone has been given life training to get out from behind a computer and make an income. No one will make any change in life until someone does the work. I don’t have to anymore… I am retired.
We had Viet Nam and the Nixon and Reagan years, the black power movement, and women not being respected legally to contend with and that encapsulated a lot. There was a lot of protesting but not the looting as today. That goes nowhere.
I’m waiting for the younger gens to actually write legislation. I think it is an exciting time to do so. Vote. Although a vote is not guaranteed the desired outcome, vote. Don’t blame something on someone when you can fix it and don’t.
Ponder these things and take note that not all boomers as you state on a couple posts here are too blame for the younger gens not doing. That is a generalized and almost bully statement. It doesn’t work for me. Results do, however. Sometimes it is the new gens not doing anything about it. Write it, send it, change it. But… I am not giving up Social Security, I worked for it.
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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. 🙂
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