@bestcryptotwits
capitalism is good when it is regulated free market capitalism that also accounts for this new era of abundance, such as not letting food rot while people go hungry, not letting workers who support the economy be unable to afford housing and not creating artificial scarcity to manipulate
Oh yeah and we have never experienced Regulated Free Market Capitalism, but the Boomers did!
average age of home buyers in the:
80's: 28
90s: 31
2000s: 39
2026: 59
its literally the same people as homeowners over the last 20 years, the system is rigged in their favor. they could buy a house off of financing when their job was a Deli Manager. Now most jobs dont even cover rent.
Its no wonder why the Boomers tell us to "tough it out" and "pull yourself up by your bootstraps" because all they had to do was work and put in the hours and then they got to own a home. OWN IT, not rent, in fact many boomers bought 2 houses (my parents included)
also social security was meant for Vietnam war, WW2, and Korean war veterans, who were very poor in the 80s due to the 70s vietnam war inflation. Now boomers are getting Trillions in Medicare and Social Security, its literally the majority of the US budget. its like they live in a different country, different reality, even Jerome Powell mentioned that the money is flowing away from younger workers and towards elder retirees. We are paying the price.