Gen Z may think they have it rough but millennials are the most burned-out generation
Gen Z may think they have it rough but millennials are the most burned-out generation
Nearly two-thirds of millennials have had enough.
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Ok, but let’s not be divisive among generations over a common enemy.
No war but class war.
I hold nothing but compassion and solidarity for those who follow.
I want things to be easier for them, not as hard or harder than they were for us.
Story:
Just had a really painful conversation with my Boomer in-laws. They refuse to see acknowledge how bad things are for us and blame us for our failure to thrive like they got to, after receiving a six-figure cash injection back in the 80s from their parents, which is all gone now with their frivolous spending.
In the US, 1950-1980 is the era of lowest wealth inequality in the countries history. The top tax rate reached 91% in that time period. It is currently around 37%. Us poors had it worse before then, and have it worse after then. They won a birth lottery. Source: Thomas Piketty's 'Capital in the 21st Century'
Cutting the top tax rate in 1983 actually increased tax revenue. A 91% rate is too high and encourages tax avoidance and evasion
And now that it’s lower the billionaires are happy to pay their fair share and society is better off for it. /s
They have reduced it since then never recreating the same results which is likelya larger factor
yrdf
Do you have a source for that? I found this source that is citing data from the congressional budget office. SOURCE (I followed the link and did confirm the numbers match). I made a quick plot so it was easier to see trends. Nothing stands out to me about 1983 - there's a small dip and then a course correction back towards the upwards trajectory, but this data tells us nothin about wealth inequality. We can't use total values because of inflation and such , probably have to use revenue as a %GDP or something but I'm too lazy too keep searching at the moment :) My immediate thought looking at the plot is this: If the total tax rev kept going up, and the top tax rate was cut, then the increased tax burden must have shifted to the poorer classes; I'd have to verify but it seems like a logical conclusion.
Yeah, your graph is a good source. Tax revenue growth steadily increases starting at 1983
Yup! I'm a millenial here and I'm not here to compete for the oppression Olympics.
The rich just gave themselves another tax break. I'm not here to fight my fellow people. I want to eat the rich!
PEW abandoned generational studies because they aren’t useful. You have more in common with people your age +/- 5 years than you have with your generation
It's because discrete generations aren't a real thing.
You summed it up best: same age give or take a few years. I'm an elder millennial and have more in common with the youngest gen X than with the youngest millennials.
Exactly. As a millenial, my goal is to be compassionate for the next generation — not to pull the "when I was your age" card on Gen Z and Alpha.
I mean if gen Z men are a big fascist majority, when does it start being a class war?
Doesn't matter, no war but class war.
The primary adjective/insult to focus on is them being a fascist; the moment you pull any other, non-related adjective into the insult, they give themselves permission to ignore you.
Fuck fascist assholes, fuck the upper class, no matter the demographic.