05 March 2013

No Respect For The Silver-Haired

If older people are experiencing increased hostility from youths, perhaps this can explain why:

Billionaire hedge fund god Stanley Druckenmiller told Bloomberg TV's Stephanie Ruhle that old people today are essentially stealing from the younger population via entitlement transfer payments. 
Druckenmiller, who is known to be media shy, told Bloomberg TV that he sees "a storm coming, maybe bigger than the storm we had in 2008, 2010" and it has to do with a demographic bubble.
"But the demographic storm is just starting now. It reminds me of '05 when people just extrapolated housing prices going up for 50 years…Everyone sorta lives with their rulers in the past and doesn't look at coming changes," he said.
What's happening, he explained, is we have a working population now where the current workforce pays for the benefits of the seniors.  Since 2000, there have been about 4.5 to 4.8 workers per retiree.  He said by 2050 it will be only 2.4 workers per retiree. 

It’s extremely difficult to respect narcissistic fools that are selling their children and grandchildren into slavery in order to maintain to live past their natural age and maintain their standard of living while doing so.

Older people may protest that they didn’t really want this arrangement, and that they were betrayed by lying politicians.  However, that merely begs a couple of questions:  A) If you don’t want this arrangement, why continue to vote for those who promise to continue to preserve it?  B) How many times do politicians have to lie to you before you stop voting for them? C) Why didn’t you just vote for politicians who actually respected the constitution?

The simple fact of the matter is that the Boomers, and perhaps even the generation before them, were selfish fools who sold their birthrights for an easy and convenient life.  Their children and grandchildren will have nothing to show for it, save massive debt and empty promises.  No wonder the youth have no respect for the aged.  The silver hairs of the older generations do not belie wisdom but empty-headed selfishness.