Kek if you are right, and something does happens that absolutely demolishes the stonks, I will be listening and relishing the moment millions of hopeful retirees have their “investments” turned to ashes.
Real talk: anyone under 40 should be constantly cheering for this to happen and voting/acting in ways that will help bring it about. I don’t think most people understand what % of our earnings go, directly or indirectly, towards subsidizing the olds.
Rent/housing: when you buy a house, you’re usually the exit liquidity provider for some oldie who bought it for a tiny fraction of the price and did zero maintenance. Not to mention, these old bastards constantly voted in zoning restrictions and constantly protested at town hall meetings and stuff to stop any new construction in a crass maneuver to force you to buy their bags. This causes rents to skyrocket, too.
Inflation/government spending/taxes: where does all that money go, hmmm? Increasingly, to pay for cash payments and health insurance (Medicare) for olds. These payments are way in excess of the amounts they themselves ever paid into the system: that’s why these systems are going insolvent.
Covid lockdown bullshit and vaccines: olds were the only ones seriously impacted by Covid and they didn’t wanna die, so they forced the entire world to lock down to try to protect them. Costs incurred from this little adventure also fall at the feet of the olds.
Health insurance: Obamacare got rid of no coverage for pre existing conditions and got rid of charging more $$ if you’re old and sick. This is a direct transfer of premium cost from young and healthy to old and sick.
Enshittification of everything; pension funds heavily invest in private equity. Their whole business model is to buy perfectly decent brands, outsource that shit to the poorest slave labor retards it can source, and jack up the price as much as possible, thus extracting enormous wealth.
Municipal service (police, sewers, roads, transit): these all suck now because the majority of the city allocation in nearly every city goes to making payments to old former employees and not to actually providing services.
You can go through a million areas of the economy and daily life to see the destruction our gerontocracy has wrought. It’s everywhere and everything sucks and is increasingly retarded because too many people are fucking OLD.
