09-10-2020, 08:06 AM
[quote pid='56838' dateline='1599670128']
What I find interesting here is the counter-narrative to the argument posed by Strauss and Howe in their book. They maintained that any fiscal crisis that arises in the fourth turning would be addressed by a willing sacrifice on the part of Boomers for the sake of younger generations. The Deutsche Bank analysis argues quite the opposite, that Millennials will vote for redistributive reductions in Boomer wealth (and entitlements?) in order to make up for the intergenerational inequities. In other words, rather than the heroic financial sacrifice on the part of older generations for the benefit of the young, as predicted by S&H, Boomers will be sacrificed—unwillingly—at the ballot box. Revanchism, not altruism, as a way to balance the scales.
Should America fall off some kind of fiscal cliff, that’s actually how I see things playing out, the way that Deutsche Bank has predicted. You can already see glimmers of that in the stark contrast between the old and the young with respect to COVID-19.
[/quote]
As in, COVID-19 = "Boomer Remover"
What I find interesting here is the counter-narrative to the argument posed by Strauss and Howe in their book. They maintained that any fiscal crisis that arises in the fourth turning would be addressed by a willing sacrifice on the part of Boomers for the sake of younger generations. The Deutsche Bank analysis argues quite the opposite, that Millennials will vote for redistributive reductions in Boomer wealth (and entitlements?) in order to make up for the intergenerational inequities. In other words, rather than the heroic financial sacrifice on the part of older generations for the benefit of the young, as predicted by S&H, Boomers will be sacrificed—unwillingly—at the ballot box. Revanchism, not altruism, as a way to balance the scales.
Should America fall off some kind of fiscal cliff, that’s actually how I see things playing out, the way that Deutsche Bank has predicted. You can already see glimmers of that in the stark contrast between the old and the young with respect to COVID-19.
[/quote]
As in, COVID-19 = "Boomer Remover"
Steve Barrera
[A]lthough one would like to change today's world back to the spirit of one hundred years or more ago, it cannot be done. Thus it is important to make the best out of every generation. - Hagakure
Saecular Pages
[A]lthough one would like to change today's world back to the spirit of one hundred years or more ago, it cannot be done. Thus it is important to make the best out of every generation. - Hagakure
Saecular Pages