Maybe it is a call for boomers to mostly relinguish their grip on financial and other power.
Just retire already! A call to politicians over 75, financiers over 80.
Warren Buffett isn't a boomer. He belongs to the Silent Generation.
Hal Finney is a boomer. Nick Szabo missed being a boomer by 4 months.
OK, point taken, but not even much relevant since oldest boomers are about 76 and getting older.
Peter Thiel was talking about stifling of innovations by an "old' cohort.
It is 'old' by ideas, not only by age (most of it anyway).
'Gerontocracy' is a quite relevant term considering the average age of the last two presidents and the Senate in US.
If you think that there is no animosity in young people toward older folks, consider talking to them.
Younger people are basically deprived (most of them anyway) of a possibility of owning their home based on average salaries.
A house in Toronto cost $2 mil on average, with average salary being 67K. The down-payment for the average house would be $175K (5% up to 500K and 10% on all above), I gather.
How a person with a 67K salary can afford 175K in down-payment?
Hardly, and I am pretty sure that 50 years ago YOU were in a different position (average house cost only $32-34K in 1972 with 11K salaries).
House/salary=~30 in 2022
House/salary=~3 in 1972
This CANNOT continue in the same direction. What would cause this to reverse (apart from bitcoin rise), I don't know, but it is unsustainable and I partially understand why younger people blame us (boomers and older).
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