The upper middle class is growing and thriving, and then 'pulling up the ladder behind them'
"Now about that upper middle class. Zumbrun mentions Brookings scholar Richard Reeves is writing a book that "looks at the way upper middle-class families perpetuate their status across generations, in ways that can sometimes be harmful to middle- or lower middle-class families."
Ignoring the Reality of Growth Constraints | The Antiplanner
The boundary restricts supply, drives up price, drives wealth into the pockets of the Boomers, and costs Millennials huge sums to buy property.
More after the break.
Here in the dizzy dystopia of Portlandia, the urban, and transportation planners that know unaffordable housing is caused by low density, and lack of rail transit.
Are Compact Cities More Affordable? | Newgeography.com
Because requiring 10 to an apartment, and outlawing cars would likely drive down housing prices!
More after the break!
Baby Boomers' Retirement Woes Summed Up in 5 Statistics -- The Motley Fool
The game is ride the gravy train, and hope for the best. Here is the Boomer plan in a nutshell:
1. 45% have no retirement savings
2. 59% relying heavily on Social Security
3. 30% stopped contributing to retirement accounts
4. 44% are lugging around debt
5. 30% postponed their retirement plans
OK, so the last one is a return to rational, but one out of 5 is terrible.
There will be payback for all of this, and the Boomers are not ready for it.
Jonathan Butler Mizzou slactivist is the most pathetic person I have written about in a long time . . .
Meet Mizzou Protestor Jonathan Butler: Stealing, Misogyny, Crack Songs
. . . and that is saying a lot!
More below the fold.
Hat tip: Instapundit Meet Mizzou Protestor Jonathan Butler
Another Major Natural Gas Pipeline Project Bites The Dust | OilPrice.com
Brilliant. In a bid to accelerate the stampede of young people out of the state of New York, the state prevents a natural gas pipeline which would bring lower priced, clean natural gas to New York, and New England.
Let them burn cake, is the progressives energy mantra.
Boomers may not understand this now, but they will, the Millennials are the largest generation in American history . . .
IT'S OFFICIAL: Millennials are now America's largest living generation
. . . Boomers have spent the past 50 years finding ever more ways to engineer government transfers of money to Boomers, commonly at the expense of the Millennial and later generations.
Payback is a bitch.
Boomers today only pay about 75% of taxes due. This creates deficits, which must be paid back by Millennials. This has never happened before on this scale in American history, and more commonly only occurred during war. Half of Boomers have no money saved for retirement, and are expecting a public payout to help them. Medicare, and Social Security are windfalls to most Boomers, and pay even if the Boomer is wealthy. Obamacare is designed to charge the Millennials excessive premium in order to pay for the sick Boomers who cannot afford insurance. Boomers have relied upon, and used the national infrastructure built by their parents and grandparents, but have failed to maintain, and continue building new infrastructure; instead they built wasteful projects like negative ROI wind farms, solar farms, massively costly light rail, and other wasteful transit boondoggles. Cities, states, and the federal government have paid Boomers high salaries, and rich benefits, but seldom have funded the pensions, and medical funds sufficiently to actually keep them solvent. Millennials will be expected to maintain these funds, although they were never allowed to participate in these rich payout schemes. The retirement funds for the Millennials are much more restrained.
Boomers have, in essence, spent the past 50 years engineering a massive social Ponzi, and generational theft scheme against the Millennials and younger generations. Once the Millennials discover this, the dam will burst, and a flood of anger will pour out. By that time the Boomers will be dying, and the Millennials will be the dominant political and economic force in America.
Yes, Boomers, payback will be a bitch. Best to plan accordingly, and make sure you have enough money saved to support yourselves in retirement, or find a fondness for Alpo.