Do you think there will be a generation war with Boomers?

[mbg]

Do you think there's a coming generation war with the Boomers?

Just wondering because, at some point, someone is gonna have to pay for these people to retire when they can't afford to. And I don't think the people behind them will want to do it.

I am kinda wondering whether the country will collectively tell them to go to hell, or whether we'll actually end up paying for them.

Thoughts?

[neutral]

They'll beat us with their dirty diapers.

[Sauerkraut]

I'm old and I won't mind taking a few Gen-Y's out when I go, if you piss me off!

Walt Kowalski rules of engagement.

[Mark77]

Absolutely. The sheer spectacle exists where there will only be 2 workers to support every boomer who is retired, with the boomers being promised massive government benefits, not to mention, the boomers will mostly end up owning the big businesses who employ us.

Considering that half of Canada's workforce don't even pay taxes anyways, but are rather, public servants in some form or another, that means that every private sector workforce worker, on average, will have to pay at least 50% of his labour output just to support boomers.

Sustainable? Hardly. I suspect there will be a lot of people who simply drop out of the system or find it uneconomic to work harder. The boomers' lifestyle and wealth [i]must[/i] be destroyed as it is completely unsustainable for non-workers in society to have a lifestyle that exceeds the workers.

Hyperinflation would do the trick. Debt becomes worthless, real estate becomes worthless (debt and RE are the main assets of the boomers), labour becomes extremely valuable (something that boomers don't have a lot of because they are running out of time).

[spike1128]

Something will happen when boomers exit jobs and businesses due to age.

[CDNPatriot]

And worst yet, Boomers are greedy. They don't look out for youth. They look out after themselves. They now are working until 67. Great. While youth sit without jobs or have MBAs while working as a receptionist.

[QUOTE=Mark77;14620220]Absolutely. The sheer spectacle exists where there will only be 2 workers to support every boomer who is retired, with the boomers being promised massive government benefits, not to mention, the boomers will mostly end up owning the big businesses who employ us.

Considering that half of Canada's workforce don't even pay taxes anyways, but are rather, public servants in some form or another, that means that every private sector workforce worker, on average, will have to pay at least 50% of his labour output just to support boomers.

Sustainable? Hardly. I suspect there will be a lot of people who simply drop out of the system or find it uneconomic to work harder. The boomers' lifestyle and wealth [i]must[/i] be destroyed as it is completely unsustainable for non-workers in society to have a lifestyle that exceeds the workers.

Hyperinflation would do the trick. Debt becomes worthless, real estate becomes worthless (debt and RE are the main assets of the boomers), labour becomes extremely valuable (something that boomers don't have a lot of because they are running out of time).[/QUOTE]

[transitguy1]

[QUOTE=mbg;14620137]Do you think there's a coming generation war with the Boomers?

Just wondering because, at some point, someone is gonna have to pay for these people to retire when they can't afford to. And I don't think the people behind them will want to do it.

I am kinda wondering whether the country will collectively tell them to go to hell, or whether we'll actually end up paying for them.

Thoughts?[/QUOTE]

If 3rd world countries like Pakistan and Somalia are still surviving, why are Canadians so f-ing scared ?

makes me LOL anytime someone says oh the babyboomers will cause this and that.

[mbg]

[QUOTE=Mark77;14620220]Absolutely. The sheer spectacle exists where there will only be 2 workers to support every boomer who is retired, with the boomers being promised massive government benefits, not to mention, the boomers will mostly end up owning the big businesses who employ us.

Considering that half of Canada's workforce don't even pay taxes anyways, but are rather, public servants in some form or another, that means that every private sector workforce worker, on average, will have to pay at least 50% of his labour output just to support boomers.

Sustainable? Hardly. I suspect there will be a lot of people who simply drop out of the system or find it uneconomic to work harder. The boomers' lifestyle and wealth [i]must[/i] be destroyed as it is completely unsustainable for non-workers in society to have a lifestyle that exceeds the workers.

Hyperinflation would do the trick. Debt becomes worthless, real estate becomes worthless (debt and RE are the main assets of the boomers), labour becomes extremely valuable (something that boomers don't have a lot of because they are running out of time).[/QUOTE]

Boomers trying to downsize to salvage retirement funds from their real estate -- all at once -- is an interesting thought.

I wonder how long before we also start to realize that their parents have more than overcompensated themselves for winning the war.

[mbg]

[QUOTE=transitguy1;14620338]If 3rd world countries like Pakistan and Somalia are still surviving, why are Canadians so f-ing scared ?

makes me LOL anytime someone says oh the babyboomers will cause this and that.[/QUOTE]

They're scared because they don't want to live like Pakistanis and Somalians.

And, besides, our culture and society probably requires a basic standard of living to function. You can't run Toronto like you run Mogadishu because it was built with different basic requirements for functionality. The people expect more, too, and it will take a lot less to make things take a turn for the worse.

[transitguy1]

[QUOTE=mbg;14620486]They're scared because they don't want to live like Pakistanis and Somalians.

And, besides, our culture and society probably requires a basic standard of living to function. You can't run Toronto like you run Mogadishu because it was built with different basic requirements for functionality. The people expect more, too, and it will take a lot less to make things take a turn for the worse.[/QUOTE]

Is that why everyone on RFD keeps complaining why every profession is overpaid and gets paid too much with too many benefits?

Canada WILL turn into one of those if we keep cutting everything........so you can't really expect NOT to be stooping to level of those countries......

[peanutz]

[QUOTE=transitguy1;14620338]If 3rd world countries like Pakistan and Somalia are still surviving, why are Canadians so f-ing scared ?

makes me LOL anytime someone says oh the babyboomers will cause this and that.[/QUOTE]Who said anything about any of us being scared? :)

[QUOTE=transitguy1;14620523]Canada WILL turn into one of those if we keep cutting everything........so you can't really expect NOT to be stooping to level of those countries......[/QUOTE]OK, "transitguy".

[bullionaire]

Well, at least boomers paid their taxes, unlike those who sneaked in through family unification program.

[peanutz]

[QUOTE=bullionaire;14620544]Well, at least boomers paid their taxes, unlike those who sneaked in through family unification program.[/QUOTE]Boomers did not pay the taxes proportionate to what they will use up.

[transitguy1]

[QUOTE=bullionaire;14620544]Well, at least boomers paid their taxes, unlike those who sneaked in through family unification program.[/QUOTE]

When you say "sneaked in", are you talking about those who came in legally through proper channel, or those who came on the ship off BC coast?

Why has the Tory majority govt not deported them still?

[transitguy1]

[QUOTE=peanutz;14620555]Boomers did not pay the taxes proportionate to what they will use up.[/QUOTE]

If we use your logic, how do we determine that YOU do not use MORE than what you paid taxes for.

We need to work out a formula so that everyone only gets what they paid for.

Now, please enlighten us, Einstein