Baby boomers comprised a larger share of voters in 2024, accounting for 32%, but they are trending lower after hitting a peak of 36% in 2016.
Ocasio-Cortez, a millennial herself, expects the younger generation will soon tip the scales in American politics.
“Millennials are not punk kids anymore. We’re grown adults with mortgages and kids,” she said. “And we—that generation is starting to be decisive at the polls. And there is anger at being ignored, sidelined, having our economic futures mortgaged by the generations that came before us on everything from the economy to climate. And we’re taking the reins.”
From global warming to debt crisis to lack of affordable health insurance (all intentional), Boomers have definitely overstayed their welcome.
That makes zero sense. Wealth taxes where implemented do just that. Fund the welfare state. Perhaps that’s not the solution and you put better solutions in place to prevent accumulation of wealth. Seems better to incentivize investment rather than doing it through simple taxation regardless of what is being done with the money.
That makes zero sense. Wealth taxes where implemented do just that. Fund the welfare state.I have been convinced by the arguments of the economist Gary Stevenson. If wealth inequality is allowed to grow as it has for the past 50 years the rich will inevitably own everything.
If you have a better suggestion to prevent this future, by all means explain it. But investment reducing inequality is nonsense. Who are you borrowing from to make the investment? The wealthy.
That’s like suggesting I pay off my credit card with a different credit card. It’s still debt.
Ideally in my mind the peasants rise up, take control of the means of production and earnings from production are spread equally among the workers. That first part is really difficult to do, as most humans are going to look out for their own interests prior to the interests of their community.