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Comment by jleyank | Hacker News Reader

Folks wanted boomers to get out of the way. Many of us have or will soon. This opens up positions at the top end and starts returning the savings to the general economy.

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Savings from what? Boomers will still be consuming a lot of resources for a couple decades yet. But they won't be productive or paying much in the way of taxes anymore, which means that younger generations will have to endure higher taxes and/or inflation to support the Boomers. Someone has to pay those assisted living facility bills. (And to be clear, I am not arguing for abandoning the Boomers or anything like that.)

Social Security, pensions, and traditional IRA/401k withdrawals are all taxable.

So weird.

And all of these will be gone when Millennials retire. I'll retire when I die. Social Security? Gone. Pensions? Don't exist. 401k? Pennies. So, there's not going to be much there for us.

Dump on boomers if you’d like but we didn’t create social media. The pipes, yeah, but the kids and grandkids created the environment we live in. Boomer hackers made tools. Their descendants sold ads and collected data.

This is delusional. The boomers voted themselves entitlements that is going to practically break the system.

I am GenX and don't have social media but this is such standard Boomer thought. Just no idea how much you are fucking everyone over.

Niall Ferguson even mentions how the boomers have basically broken the generational social contract. Previous generations never borrowed everything they possibly could from their grandkids and the unborn.

Generation Me.

Not me mate, sorry. Spent 40+ years working for the man paying my taxes. Didn’t vote for the monied party, so lost a whole lot of elections. Given the view of techbros here we’re both posting in the wrong place.

Get involved. Vote. Change things (back).

Work to live. I hope you have an enjoyable retirement :)

This is not useful. Boomers transitioning from helping generate supply, ie. Working, to generating demand, ie spending their savings - all that does is increase the money in circulation while decreasing the stuff. Inflation is not going anywhere for some time.

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