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Speaker 1: Hello everyone. Well, I'm going to do another episode here
Speaker 1: and got to give a shout out to Jay Burden
Speaker 1: right off the bat. He's talked about this article since
Speaker 1: it dropped so many times, but as much reading as
Speaker 1: he's done, he's never read it on his show, So
Speaker 1: you know, I decided to read it. It only takes
Speaker 1: eight minutes to read, so not going to be here
Speaker 1: very long, but it is one of the most jarring
Speaker 1: things I've read. It's by Russ Green over at the
Speaker 1: American Mind. It was put out December tenth of last year,
Speaker 1: so you know, I mean we're only talking eight months.
Speaker 1: All of this is still applicable. I don't think anything
Speaker 1: has been done to solve this problem. But the name
Speaker 1: of the article is what is total boomer luxury communism?
Speaker 1: I'm sure some of you have read it, but probably
Speaker 1: not recently, and it more and more every day, especially
Speaker 1: with the whole twenty dollars burrito bs that's been going on.
Speaker 1: If you're on social media, if you're not, God bless you,
Speaker 1: I love you. You're the greatest. But yeah, so let
Speaker 1: me start reading this article and we'll see where this goes.
Speaker 1: So it's what is total boomer luxury communism by Russ
Speaker 1: Green the American mind, the invisible driver of America's decline.
Speaker 1: For half a decade, the right has debated free market fundamentalism.
Speaker 1: The phenomenon is also known as zombie Reaganism, libertarian neo conservatism,
Speaker 1: and neoliberalism. I can already hear people who are still
Speaker 1: sticking to libertarianism and free markets and Austrian school and
Speaker 1: anarco capitalism screaming but that's not real capitalism. Yeah, okay,
Speaker 1: who gives a flying f when your groceries have gone
Speaker 1: up three three times? Oh well, I mean I have
Speaker 1: the answer to that. You have the answer to that.
Speaker 1: In theory. You don't have the power to do anything
Speaker 1: about it except shout on the internet, so shut up.
Speaker 1: Maybe you'll learn something here. And by the way, I
Speaker 1: don't have the power to do anything either except educate,
Speaker 1: and that's what I'm doing here. So whatever you call it,
Speaker 1: it never happened. That is to say, the reduction in
Speaker 1: government expenditure in size that Reaguannites promised and liberals feared
Speaker 1: turned out to be a mirage. What happened instead is that,
Speaker 1: starting in the nineteen eighties, both parties set the country
Speaker 1: on a course toward total boomer luxury communism. Henceforwarth to TBLC.
Speaker 1: TBLC is driving every aspect of American decline, from skyrocketing
Speaker 1: national debt and the erosion of our defense industrial base
Speaker 1: to the despair of young people. It's not the only
Speaker 1: reason for the decline, to be sure, but it's a
Speaker 1: major part of the problem. Yet TBLC has been entirely
Speaker 1: obscured from view. The essence of TBLC is that it
Speaker 1: redistributes wealth from younger families and workers to seniors who,
Speaker 1: on average, who are on average, much richer. America has
Speaker 1: achieved the Marxist paradise of hunting in the morning, fishing
Speaker 1: in the afternoon, rearing cattle in the evening, and criticizing
Speaker 1: after dinner. Only it looks more like golf in the morning,
Speaker 1: horseback riding in the afternoons, drinks at the social club
Speaker 1: in the evening, and a RESTful night's sleep in a
Speaker 1: million dollar home, all thanks to the largess of the
Speaker 1: US government. Remember what Trump said when they talked about
Speaker 1: people can't young people can't afford houses and or you know,
Speaker 1: we need to build more and he said he defended
Speaker 1: people who were house rich, who all their money is
Speaker 1: in their house. No, no, they'll lose, They'll lose, they'll
Speaker 1: lose their fortunes. I mean, the question needs to be
Speaker 1: asked at this point, how many how many people, and
Speaker 1: in this case boomers would be willing to lose half
Speaker 1: their net worth so that, you know, the next generation
Speaker 1: or the younger generation could live like they did. I
Speaker 1: don't think it's many. You ever see the bumper sticker,
Speaker 1: you know, usually on the back of a five hundred
Speaker 1: thousand dollars mobile home, you know, traveling tenement, rolling tenement.
Speaker 1: I'm spending or spending our kids inheritance. Wonder where? I
Speaker 1: wonder who planted that in their heads onward. It's been
Speaker 1: common for some time to see AI memes about how
Speaker 1: much easier the boomers had it. Quote my dad lived
Speaker 1: in a four bedroom house on a coal miners salary,
Speaker 1: but I went to college in Canadadford DoorDash end quote.
Speaker 1: The old right usually responds to this sort of claims
Speaker 1: with some facts about economic growth and median income. They wonder,
Speaker 1: sometimes out loud, why don't these young people appreciate what
Speaker 1: the conservative movement conserved. There's a kernel of truth in that.
Speaker 1: Just look at Canada if you want a glimpse of
Speaker 1: what in America without, if you want a glimpse of
Speaker 1: in America without a conservative movement, that's kind of a
Speaker 1: really good point. Conservatives in Canada are definitely historic. Conservatives
Speaker 1: in Canada, or at least what they call themselves definitely
Speaker 1: was what it was here. So there were some bad
Speaker 1: But how quickly are we becoming Canada? Especially when you're
Speaker 1: taking into consideration that there's a one hundred foot statute
Speaker 1: to a monkey god in Texas and the governor of
Speaker 1: Texas actually goes to India to talk about their partnerships together,
Speaker 1: and you wonder why there's one hundred foot monkey god
Speaker 1: in Texas the statue of a monkey god in Texas.
Speaker 1: Too often, though, defenders of the conservative movement take it
Speaker 1: for granted that America preserved the free market system and
Speaker 1: constitutional government through the Cold War era. Typically, our situation
Speaker 1: is compared with the centralized control of the CCP. If
Speaker 1: this comparison is accurate, however, it's hard to see it
Speaker 1: in the data. In his book Breakneck, Dan Wang observes,
Speaker 1: quoting nearly three quarters of China's population are spared from
Speaker 1: paying income tax. Low taxes make China stinge on welfare.
Speaker 1: Round ten percent of its GDP goes towards social spending,
Speaker 1: compared to twenty percent in the United States and thirty
Speaker 1: percent among the more genuine generous European states. China's pension
Speaker 1: and healthcare spending are much lower than that of other
Speaker 1: rich countries. In fact, Wang's comparison understates how much more
Speaker 1: the American government redistributes wealth compared to China. America is
Speaker 1: three times as wealthy per person as China. So the
Speaker 1: US spends at least six times as much per person
Speaker 1: on social programs as China, and most of that goes
Speaker 1: to seniors. And there's a chart here direct taxes and
Speaker 1: entitlements by age, and you see at eighteen to twenty
Speaker 1: four you are per person in twenty twenty one. These
Speaker 1: are twenty twenty one numbers less than five thousand. When
Speaker 1: you get to seventy seventy four, you know, between seventy
Speaker 1: four and seventy five, that shoots up to about thirty
Speaker 1: three thousand per person and goes up closer to thirty
Speaker 1: five thousand if someone makes it to eighty five and
Speaker 1: people will scream, but they've been paying into social Security
Speaker 1: their whole lives. Yeah, if they start getting thirty two
Speaker 1: thousand or thirty three thousand dollars a year at age
Speaker 1: seventy and they lived fifteen years, they didn't pay that
Speaker 1: much into social Security. Through the map, there are six
Speaker 1: times as much wealth redistribution happening in America as in China.
Speaker 1: That's the communism, but only for book for the boomers.
Speaker 1: The luxury part comes in how the government distributes these benefits. Perversely,
Speaker 1: retire millionaires have become the greatest recipients of government aid.
Speaker 1: Max social security benefits in the US are three to
Speaker 1: four times what seniors can ever hope to achieve in
Speaker 1: other developed nations such as Britain, Canada, and New to Zealand.
Speaker 1: These are allocated by lifetime income, so the greatest social
Speaker 1: security benefits go to wealthy individuals who need them the least.
Speaker 1: An individual can take in over sixty thousand a year
Speaker 1: from social security alone. That's how much the richest among
Speaker 1: us take in sixty thousand. Do they need it? No?
Speaker 1: Will they take it? Yeah? Meanwhile, Medicare programs are paying
Speaker 1: for golf balls, greens fees, social club memberships, horseback writing lessons,
Speaker 1: and pet food. On average, reachties are much wealthier than
Speaker 1: younger generations. And he has. If you're not watching this
Speaker 1: and you can see like where I'm highlighting where he
Speaker 1: links to all the sources for this, Yeah, isn't making
Speaker 1: this up at it? Then air These are coming from sources.
Speaker 1: You may not agree with the sources because you're angry
Speaker 1: right now, but you're angry that you're being attacked because
Speaker 1: whatever reason, but they're there. The metastatic growth of the
Speaker 1: American federal government took place largely in the absence of
Speaker 1: congressional deliberation or even public notice. For a brief period
Speaker 1: in twenty thirteen, centrists and center left commentators in the
Speaker 1: mainstream media admitted that the entire federal budget was biased
Speaker 1: against young people in the Trump era, though this fact
Speaker 1: has been memory hold and progressives instead talk about in
Speaker 1: increasing social security spending by tens of trillions. The facts
Speaker 1: on the ground about distribution and redistribution sit uneasily next
Speaker 1: to our popular perceptions of political polarization. Nearly three quarters
Speaker 1: of US federal spending goes on autopilot without congressional review.
Speaker 1: Commentators often lament how divided Americans supposedly are. But is
Speaker 1: this true? What percentage of the federal budget do the
Speaker 1: two parties actually fight over? Only about fifteen percent, it seems.
Speaker 1: The last year in which a majority of the federal
Speaker 1: budget went to so called discretionary programs which Congress actually
Speaker 1: reviews was nineteen seventy four. Wow, that's considering that. My
Speaker 1: episode Where Are the Blessings? That was the first solo
Speaker 1: episode I had done in a very long time. I
Speaker 1: started in nineteen seventy three. Yes, start to see where
Speaker 1: a lot of the problems really started. Oh and I
Speaker 1: have done other episodes about whose rising power really took
Speaker 1: hold right around that time too. Really strange, really odd.
Speaker 1: There are no coincidences. In other words, Democrats and Republicans
Speaker 1: agree on at least eighty five percent of federal spending,
Speaker 1: mostly because they both support a massive wealth transfer from
Speaker 1: young workers to the seniors. There is no political debate
Speaker 1: in Congress or even online until recently about total boomer
Speaker 1: luxury communism. That's, like I said, Europe's economies are less robust,
Speaker 1: so they've already had to confront these truths. Germany's chancellor
Speaker 1: has declared that its welfare state can no longer be fine.
Speaker 1: France has been locked in an intense political fight over
Speaker 1: raising the retirement age. But in America, our politicians act
Speaker 1: as if we can finance an in an ever more
Speaker 1: generous retirement state, despite our much higher military spending and
Speaker 1: aging population, plummeting fertility rates, stagning economic growth, and thirty
Speaker 1: eight trillion in national debt. He mentions Germany. He mentions
Speaker 1: France and how they're fighting over this. Why because even
Speaker 1: with the immigration attacks that they've undergone, there are still
Speaker 1: Germans there, and they're still French there. They're still the
Speaker 1: overwhelming majority are white Europeans, the overwhelming majority still here. No, oh,
Speaker 1: there was my I'm sorry, I just exhaled there. I
Speaker 1: know that upsets so many people when I go, go
Speaker 1: fuck yourself. The last major social security reform occurred when
Speaker 1: President Ronald Reagan signed the Social Security Amendments of nineteen
Speaker 1: eighty three. This legislation saved social security from imminent insolvency
Speaker 1: by raising the retirement age, slowing benefit growth, and increasing taxes.
Speaker 1: Since then, American politicians have let social security grow on autopilot.
Speaker 1: New Zealand, Canada, Germany, and Sweden. All reformed their versions
Speaker 1: of social security. During this period, the US did not,
Speaker 1: as summarized by Avery James Quote. Reagan's successors failed to
Speaker 1: control the massive elevation of government and payments to the elderly,
Speaker 1: creating a powerful gentry constituency to move the country's parties
Speaker 1: and politics away from debating smaller and larger government. The
Speaker 1: GOP did betray Reagan's legacy, but that process began a
Speaker 1: lot earlier than twenty sixteen. Much of the stale intra
Speaker 1: right wing debate referenced above conflates Reagan with his what
Speaker 1: is that word a pigan eh okay and epigone. Epigone
Speaker 1: a less original follower, imitator, or successor who copies the
Speaker 1: style idea. Yeah, I know something. You're gonna think I'm
Speaker 1: completely retarded, but I never really heard I've never seen
Speaker 1: that word before, or if I have, it was only
Speaker 1: in reading, not saying it out loud. But interesting word
Speaker 1: to use there to make yourself sound smart. But the yeah,
Speaker 1: so this isn't something that is recent. This is because
Speaker 1: of the way politics works, and because people are distracted
Speaker 1: by political debate, they don't realize that this is just
Speaker 1: on autopilot. This is just happening. This is just compounding.
Speaker 1: You know, sure there are differences between between Republicans and Democrats,
Speaker 1: but not on stuff like this. Stuff like this is
Speaker 1: the kind of thing that they agree on that they
Speaker 1: don't want a debate because they don't believe that there's
Speaker 1: a debate about it. This is just the way it is.
Speaker 1: And Republicans every once in a while might go, hey,
Speaker 1: I don't want those illegals getting these benefits, and their
Speaker 1: Democrats will be like, I want the illegals getting these benefits,
Speaker 1: when you don't realize that it's the benefits that are
Speaker 1: the problem. I mean, these programs should exist, but they
Speaker 1: shouldn't be a way for people to actually live. You know,
Speaker 1: if you look at the history of Social Security program,
Speaker 1: the Social Security Program was not designed that the money
Speaker 1: that you were collecting from that would that would be
Speaker 1: what you lived off of. That just became politically prudent
Speaker 1: and a bludgeon later, just as the Federal Reserve was
Speaker 1: meant to be independent banks who could adjust interest rates
Speaker 1: depending on the area of the country. So if a
Speaker 1: farmer outside of Kansas City, farmers outside of Kansas City
Speaker 1: could borrow at rates lower than bankers inside New York City.
Speaker 1: But it inevitably when you build something like that and
Speaker 1: you have a subversion of the country, it's going to
Speaker 1: be used to the advantage of the subverters. And the
Speaker 1: bigger and more on autopilot it is, and the more
Speaker 1: it can be manipulated by those subverters, the better off
Speaker 1: they are, and the harder it is to get them
Speaker 1: out of power onward. Today, most Americans have no idea
Speaker 1: how their tax dollars are spent. For example, ninety one
Speaker 1: percent do not know that Social Security benefits can reach
Speaker 1: over sixty thousand per person. They have no idea that
Speaker 1: a senior household can collect nearly one hundred and seventeen
Speaker 1: thousand a year just from Social Security. And if you
Speaker 1: tell people that Medicare programs cover golf balls, green s fees,
Speaker 1: social clubs, ski trips, and horseback riding, they stare in disbelief,
Speaker 1: or they will as some of you right now are going,
Speaker 1: I don't believe that, but it's true. Actually, articles written
Speaker 1: here May fifth, two thousand and five. Should Medicare cover
Speaker 1: golf fees? Where's the other one? Here? Social Security pays
Speaker 1: excessive benefits to the highest income earners and they compare
Speaker 1: it to the UK. Yeah, I mean this is just
Speaker 1: this is what's been built, total boomer luxury communism. That
Speaker 1: doesn't mean you have to hate the boomers. I mean
Speaker 1: their attitudes sometimes it's kind of hard not to and
Speaker 1: but and not hate them. Just look upon. I look
Speaker 1: upon them in disbelief. That's pretty much like how I
Speaker 1: look at when I see boomers who are just absolutely
Speaker 1: they don't know that another human being in the world exists,
Speaker 1: and they could care less, they couldn't care less. Yeah,
Speaker 1: I just look on and disbelieve. I don't want to
Speaker 1: hate anyone. Hate clouds your judgment and yeah, listen to
Speaker 1: doctor Johnson of My's latest reading of Ivan Eleen, so
Speaker 1: we talk a lot about hate. But yeah, Medicare programs
Speaker 1: cover golf ball, screens, fees, social clubs, ski trips, and
Speaker 1: horseback riding. Who can take those, well, people who can
Speaker 1: collect medicare. Who can collect medicare Boomers And that's one
Speaker 1: of those things that's funny is is they'll probably be
Speaker 1: the last generation who will be able to do that
Speaker 1: because someone will eventually probably try to fix that. So
Speaker 1: they really were the generation that was born on third
Speaker 1: base and thanks. They hit a home run the way
Speaker 1: inflation works for them when they buy a house for
Speaker 1: twelve thousand dollars and sell it for a million. And yes,
Speaker 1: I know it's not all boomers, but even more and
Speaker 1: more boomers are starting to notice other boomers moving on.
Speaker 1: Zoomers and millennials may overlook America's massive social spending because
Speaker 1: they largely don't benefit from it. They just pay for it.
Speaker 1: As Chris Pope explains, quote, the US is increasingly costly.
Speaker 1: Entitlement for middle class retirees results in substantial redistribution away
Speaker 1: from young workers end quote. The generational injustice is compounded
Speaker 1: at least four times over One. Government taxes are young
Speaker 1: and transfers to they're wealth to seniors. Yeah, I mean
Speaker 1: sing are taxed single people. Young people are taxed more
Speaker 1: than people who were married and have kids. Shouldn't the
Speaker 1: single people be given a chance to save as much
Speaker 1: so that they can get married and have kids young people?
Speaker 1: Or fuck them because you know they're young. Two, Government
Speaker 1: borrows even more to transfer wealth to seniors, borrows prints
Speaker 1: money increases the money supply prices go up, people get rich,
Speaker 1: price of housing goes up. And then Trump says no, No,
Speaker 1: we don't want to do you know, we we don't
Speaker 1: want to do anything about about the price of housing.
Speaker 1: That'll that'll make people poor. Yeah, make boomeras poor. Sorry. Three.
Speaker 1: Government debt causes inflation and slows economic growth, eating away
Speaker 1: at young people's income their entire lives. Correct, what you
Speaker 1: what costs twenty dollars if you go to the grocery store?
Speaker 1: What costs twenty dollars four or five years ago? And
Speaker 1: let's say twenty twenty two, because that was a year
Speaker 1: I was doing most of my own shopping and I
Speaker 1: still go shopping often, and I believe me, things are
Speaker 1: way more expensive than they were three years ago. And
Speaker 1: I'm not talking about like I'm talking about two times,
Speaker 1: like something that costs five dollars costs ten. This isn't
Speaker 1: me like making shit up. I noticed this. I mean
Speaker 1: the I understand gasoline is up because of the war
Speaker 1: and everything that it's a lot of fun when we
Speaker 1: still don't know what anything that's going to cost because
Speaker 1: of Straight to Horror Moves being closed, which it was
Speaker 1: open on February twenty seventh. But I mean to if
Speaker 1: you're going to argue that, you know, oh, well, you know,
Speaker 1: like Joel Berry. Well, you know we went to Ald,
Speaker 1: German company. Joel, did you know it was it's a
Speaker 1: German company. Might want to stay away from those Nazis
Speaker 1: if you don't know. Joel Berry calls everyone a Nazi.
Speaker 1: Very funny guy from from the Babylon b Just fabulous, amazing,
Speaker 1: amazing irony to of how that name turned out. Oh,
Speaker 1: I have five kids and we can we can go
Speaker 1: to Ald and make burritos for under for under twenty dollars.
Speaker 1: All you have to do is, you know, mix beans
Speaker 1: into the into the meat, and yeah, what that's what
Speaker 1: they do in their world countries. And you're defending that
Speaker 1: and bragging about it, and I don't believe you. I
Speaker 1: think you're a liar anyway. Four government taxes young people
Speaker 1: again to pay for the debt, and courge to pay
Speaker 1: for senior entitlements. Yeah, it's literally a Ponzi scheme. Take
Speaker 1: from the young and move it up to the older.
Speaker 1: And here he quotes Peter Teel says boomers are strangely
Speaker 1: uncurious about how this is not really working for their kids.
Speaker 1: If all you can say is that Mam Domini is
Speaker 1: a jiehattest communist. Ridiculous young person. What that sounds like
Speaker 1: to me is that you still don't have any idea
Speaker 1: what to do about housing or student debt. If that's
Speaker 1: the best you can do, you are going to keep losing. Yeah,
Speaker 1: the reason why Democrats Socialists of America candidates are being
Speaker 1: elected everywhere is because they're talking about the economy. Who
Speaker 1: said it, it's the economy, stupid people. If you listen
Speaker 1: to this, if you listen to my podcast, if you
Speaker 1: listen to other podcasts in our sphere, you may be
Speaker 1: considered yourself an ideo idea log You have an ideology
Speaker 1: that you adhere to, and be damned, you're going to
Speaker 1: stick to that ideology. Most people are not like that,
Speaker 1: most people and you you know it because you know
Speaker 1: you're this way too. Even if you are an ideal love,
Speaker 1: when your wallet starts to sting you, your ideology goes
Speaker 1: out the window and you're like, how do we fix this?
Speaker 1: No matter what? And that's what a lot. That's why
Speaker 1: a lot of these DSA people are going to win.
Speaker 1: I don't want them to win, but mom, dammy, when
Speaker 1: he ran, he ran in New York City. What can
Speaker 1: you say about the politics in New York City, especially Manhattan.
Speaker 1: Oh you know, when he was asked on the debate stage,
Speaker 1: you know, are you going to go to Israel? He's like, no,
Speaker 1: our problems are right here. And he got attacked by
Speaker 1: every other candidate on that stage that he wouldn't go
Speaker 1: to Israel. That makes him makes him an anti sem
Speaker 1: might even know what forty percent of New York Jews
Speaker 1: voted for him. It's the economy. If the if the
Speaker 1: Republicans get routed in the midterms, it will over the
Speaker 1: economy and the war. But the war has not helped
Speaker 1: the economy. I mean, it's helped some bomb makers, but
Speaker 1: even they can't make bombs quick enough. So yeah. To
Speaker 1: illustrate Teal's point with just one among many key examples,
Speaker 1: discussion of housing costs often completely ignores the cost of
Speaker 1: total boomer luxury communism, focusing exclusively on supply restrictions. Yes,
Speaker 1: it's true that when government regulations and zoning restrict the
Speaker 1: supply of housing and demand increases due to popular influx,
Speaker 1: prices go up. But our nation's policies are heavily biased
Speaker 1: towards keeping seniors and homes that are more spacious and
Speaker 1: nearer to major employers than they would otherwise be what
Speaker 1: did Trump say, keeping them in homes that are more
Speaker 1: spacious and nearer to major employers, and they otherwise would
Speaker 1: be not saying they need to downsize, not saying, oh,
Speaker 1: you should sell your house to a younger person, and
Speaker 1: you know, how about you give it to your kids
Speaker 1: instead of selling it and buying a smaller place and
Speaker 1: then going on cruises. Was literally walking through a hotel
Speaker 1: a hotel lobby the other day and there was four
Speaker 1: boomers sitting there and two were like, we go on
Speaker 1: cruise all the time, and the other one's like, oh,
Speaker 1: we're thinking about going on cruises. I mean you did
Speaker 1: the meme. There's that Saya again, take the housing market
Speaker 1: for young people in DC. The median staff assistant in
Speaker 1: the House US House representative earns fifty and ninety one
Speaker 1: a year. Deputy Press secretaries do a little better at
Speaker 1: sixty seven four, five hundred and forty one a year. Meanwhile,
Speaker 1: the nation's capital is ranked number ten on the list
Speaker 1: of the most expensive large cities, requiring over seventy five
Speaker 1: thousand a year just to afford basic necessities. It costs
Speaker 1: about twice that much to live a decent life. The
Speaker 1: average single family home costs over seven hundred and forty
Speaker 1: nine thousand dollars, and many of the DC homes selling
Speaker 1: for under a million are located in high crime areas
Speaker 1: and not suited for young people wishing to start a family.
Speaker 1: But fuck them, right, they should just be walking into
Speaker 1: like a major corporation, looking the CEO deb and the I,
Speaker 1: giving them a firm handshake and asking for a million
Speaker 1: dollar a year salary. Right. The greatest fallacy in politics
Speaker 1: or any political discussion is presentism. Everybody wants to people
Speaker 1: either people either define the past through the present or
Speaker 1: seek to examine the past through the present, or examine
Speaker 1: the past through examine the present through the past. You
Speaker 1: can't do that. It's two different. Things have changed. I mean,
Speaker 1: we have people who are like, oh, you know, major
Speaker 1: players in business going, oh, well, AI is going to
Speaker 1: take all their jobs anyway, so we have to do stuff,
Speaker 1: you know, just think of start thinking about universal basic income.
Speaker 1: And these same people are like, yeah, we just need
Speaker 1: to fire like ten thousand, ten thousand Americans and bring
Speaker 1: in twelve thousand Indians. Well, which one is it? Is
Speaker 1: AI taking our germs or do we need Infinity Indians,
Speaker 1: which raises other questions. Still talking about DC, Ward three
Speaker 1: of the district, by contrast, is gorgeous and relatively safe.
Speaker 1: Its tree lined streets and accommodating backyards give it a calm,
Speaker 1: suburban feel, even though it's still close enough for a
Speaker 1: reasonable daily commute to the city's major employers. It has
Speaker 1: long been the official policy of the US government, however,
Speaker 1: to help retirees stay in homes there as long as possible.
Speaker 1: For example, d C is home to norks ANDRC or
Speaker 1: naturally occurring retirement communities, also known as senior villages. We've
Speaker 1: turned prime real estate for young families into walkable nursing homes.
Speaker 1: In reality, noorks are anything but naturally occurring. Total boomer
Speaker 1: luxury communism helps these seniors stay in spacious homes far
Speaker 1: longer than they otherwise would Like almost everywhere else in
Speaker 1: the nation, d C offers special tax breaks for senior homeowners.
Speaker 1: This encourages them to stay in their homes despite their
Speaker 1: spare bedrooms, instead of downsizing and selling to younger families.
Speaker 1: Nearly every state has special subsidies for senior homeowners, from
Speaker 1: exemptions to freezers, to deferrals to help them stay in place.
Speaker 1: It gets worse. Medicaid long term care exempts home equity
Speaker 1: of up to one million, ninety seven thousand from means testing,
Speaker 1: and the Federal Housing Authority provides Americans age sixty two
Speaker 1: and older a special home equity conversion mortgage, allowing them
Speaker 1: to turn home equity into cash without additional monthly payments.
Speaker 1: Often this transfers to burden to their heirs. Look, I'm
Speaker 1: I know that you need to take advantage of every
Speaker 1: loophole that you can. But honestly, what generation in the
Speaker 1: past ten thousand years hasn't a major part and the
Speaker 1: major part of their life was to care about the
Speaker 1: generation they came after them. Going on, if we don't
Speaker 1: radically overhaul America's entitlement regime, our entire nation will become
Speaker 1: a naturally occurring retirement community. Total boomer luxury communism is
Speaker 1: tangling the country in a web of contradictions. America now
Speaker 1: depends on a steady flow of new workers to pay
Speaker 1: seniors increasingly generous benefits, but it also pays people not
Speaker 1: to work and discourages family formation. The system is at
Speaker 1: war with itself. It's not the system, it is the system,
Speaker 1: but the system does not operate on its own. The
Speaker 1: people who run the system they hate you. They hate you,
Speaker 1: and they don't want what's best for you. And what's
Speaker 1: even worse is that they've convinced your parents and grandparents,
Speaker 1: not all of you, of course, to not care about you.
Speaker 1: That you need to pull yourself up by your bootstraps,
Speaker 1: even though you can't afford boots. America's entitlement system will
Speaker 1: change radically within a decade, if not sooner. The money
Speaker 1: is running out. The only question is who will bear
Speaker 1: the burden. Each day that passes means gen Z and
Speaker 1: millennials pay more the price for boomer irresponsibility. Aristotle reminds
Speaker 1: us that revolutions occur when there is an unjust distribution
Speaker 1: of the honors, offices, and privileges of citizenship. It is
Speaker 1: time not for a revolution, but for a reevaluation of
Speaker 1: how we as a nation distribute these burdens and privileges.
Speaker 1: We can only fix total luxury boomer communism once we
Speaker 1: recognize it for what it actually is. I will say it,
Speaker 1: because I always say it. This is much. This is
Speaker 1: easier fixed when you're not overrun with one hundred and
Speaker 1: seven million illegals as people who've poured over the border
Speaker 1: since nineteen sixty five, and those who come here on
Speaker 1: visas and overstay and never get investigated for it. And honestly,
Speaker 1: we don't know. It could be more. It's impossible because
Speaker 1: we're always concentrating on something else. There's always a fight
Speaker 1: over these people. They're a political bludgeon, and it's used
Speaker 1: to distract you from the fact that Medicaid covers greens
Speaker 1: fees and golf balls and ski trips. Boomers vote in
Speaker 1: higher numbers than any other group because they haven't fucking
Speaker 1: nothing else to do, but that's not ill only thing.
Speaker 1: They're voting to keep this system alive because they benefit
Speaker 1: from it. And then when young people, when you see
Speaker 1: gens ears and younger millennials talking about burning the system
Speaker 1: to the ground, Oh no, we can't do that, Well,
Speaker 1: why would they even consider it? Do you think that
Speaker 1: they would consider it if the system was at all
Speaker 1: working for them? Now, the only people who want to
Speaker 1: preserve it are the people who the system is working for.
Speaker 1: And it's not working for gen Z, it's not working
Speaker 1: for it's not working for people who you know, are
Speaker 1: who work with their hands. I don't want to say
Speaker 1: middle class or or working class because that really isn't
Speaker 1: That's another presences time term that really shouldn't be used anymore.
Speaker 1: They don't really apply just regular people. There's you know,
Speaker 1: Burden likes to calm the chugs, just a war on them.
Speaker 1: Boomers have to keep Boomers have to vote end mass
Speaker 1: to keep their ski trips while gen Z gets nothing.
Speaker 1: They get stolen from to pay for it. And you
Speaker 1: wonder why gen Z why so much a gen Z
Speaker 1: and young millennials want to just burn it to the ground.
Speaker 1: Come on, this really isn't hard when you think about it.
Speaker 1: All right, be back in a few days with another episode.
Speaker 1: I hope you got something out of this. I will
Speaker 1: link to the article in the show notes. It's easy
Speaker 1: to find. All you have to do is go to
Speaker 1: your favorite search engine and type in what is total
Speaker 1: Boomer luxury Communism and it will come up. But I
Speaker 1: will link to it anyway. Thank you, and yeah, take
Speaker 1: care of yourself, okay,