WEBVTT 1 00:00:37.479 --> 00:00:42.320 With election time approaching, political ads will be inserted into 2 00:00:42.359 --> 00:00:46.520 the episode, along with other ads that frankly I'm not 3 00:00:46.560 --> 00:00:49.799 going to like and you aren't going to like, so 4 00:00:50.200 --> 00:00:54.119 please ignore them, skip by them, whatever you have to do. 5 00:00:54.679 --> 00:00:57.399 I don't endorse any of the ads that are inserted, 6 00:00:57.799 --> 00:01:00.640 but it is another way for me to generate income, 7 00:01:00.759 --> 00:01:03.280 so I appreciate you guys putting up with them. If 8 00:01:03.320 --> 00:01:04.920 you don't want to deal with them, go to the 9 00:01:04.959 --> 00:01:08.640 pekanyonas Show dot com. You can subscribe through Patreon. You 10 00:01:08.680 --> 00:01:12.359 can subscribe through substack, which is my preferred one because 11 00:01:12.400 --> 00:01:15.120 with both of those you get an RSS feed. Only 12 00:01:15.159 --> 00:01:18.879 Patreon and only substack give you an RSS feed. There's 13 00:01:18.879 --> 00:01:23.319 also all links to my website, gum road and subscribe 14 00:01:23.319 --> 00:01:26.840 star where you will get the audio files so that 15 00:01:26.959 --> 00:01:30.079 you can download and listen to or you can stream 16 00:01:30.200 --> 00:01:33.480 in most cases through those locations as well. So if 17 00:01:33.519 --> 00:01:36.439 you want to avoid the ads, consider supporting the show. 18 00:01:37.200 --> 00:01:40.480 If not, just know none of these ads get any 19 00:01:40.560 --> 00:01:44.120 endorsement from me. Skip by them, do what you need 20 00:01:44.200 --> 00:01:46.959 to do. I appreciate all of you. Head on over 21 00:01:47.000 --> 00:01:49.680 to the Pekanyonashow dot com. You can get the show 22 00:01:49.959 --> 00:01:53.959 early and ad free over there. If not, here's a show. 23 00:01:55.239 --> 00:02:01.400 Hello everyone. Well, I'm going to do another episode here 24 00:02:02.599 --> 00:02:05.560 and got to give a shout out to Jay Burden 25 00:02:05.640 --> 00:02:09.120 right off the bat. He's talked about this article since 26 00:02:09.159 --> 00:02:12.639 it dropped so many times, but as much reading as 27 00:02:12.639 --> 00:02:14.759 he's done, he's never read it on his show, So 28 00:02:15.479 --> 00:02:19.120 you know, I decided to read it. It only takes 29 00:02:19.159 --> 00:02:23.319 eight minutes to read, so not going to be here 30 00:02:23.439 --> 00:02:26.560 very long, but it is one of the most jarring 31 00:02:27.240 --> 00:02:31.319 things I've read. It's by Russ Green over at the 32 00:02:31.360 --> 00:02:35.199 American Mind. It was put out December tenth of last year, 33 00:02:36.400 --> 00:02:39.240 so you know, I mean we're only talking eight months. 34 00:02:39.960 --> 00:02:43.120 All of this is still applicable. I don't think anything 35 00:02:43.199 --> 00:02:47.240 has been done to solve this problem. But the name 36 00:02:47.240 --> 00:02:51.400 of the article is what is total boomer luxury communism? 37 00:02:51.840 --> 00:02:55.639 I'm sure some of you have read it, but probably 38 00:02:55.639 --> 00:03:02.120 not recently, and it more and more every day, especially 39 00:03:02.280 --> 00:03:07.120 with the whole twenty dollars burrito bs that's been going on. 40 00:03:08.039 --> 00:03:11.120 If you're on social media, if you're not, God bless you, 41 00:03:11.319 --> 00:03:16.280 I love you. You're the greatest. But yeah, so let 42 00:03:16.280 --> 00:03:19.599 me start reading this article and we'll see where this goes. 43 00:03:21.439 --> 00:03:25.280 So it's what is total boomer luxury communism by Russ 44 00:03:25.360 --> 00:03:33.680 Green the American mind, the invisible driver of America's decline. 45 00:03:33.719 --> 00:03:37.439 For half a decade, the right has debated free market fundamentalism. 46 00:03:38.240 --> 00:03:43.639 The phenomenon is also known as zombie Reaganism, libertarian neo conservatism, 47 00:03:44.199 --> 00:03:48.199 and neoliberalism. I can already hear people who are still 48 00:03:48.240 --> 00:03:54.039 sticking to libertarianism and free markets and Austrian school and 49 00:03:54.120 --> 00:04:01.560 anarco capitalism screaming but that's not real capitalism. Yeah, okay, 50 00:04:02.560 --> 00:04:08.479 who gives a flying f when your groceries have gone 51 00:04:08.560 --> 00:04:11.919 up three three times? Oh well, I mean I have 52 00:04:12.000 --> 00:04:14.719 the answer to that. You have the answer to that. 53 00:04:14.759 --> 00:04:17.560 In theory. You don't have the power to do anything 54 00:04:17.560 --> 00:04:20.959 about it except shout on the internet, so shut up. 55 00:04:22.199 --> 00:04:27.040 Maybe you'll learn something here. And by the way, I 56 00:04:27.040 --> 00:04:29.720 don't have the power to do anything either except educate, 57 00:04:30.879 --> 00:04:36.399 and that's what I'm doing here. So whatever you call it, 58 00:04:36.399 --> 00:04:39.079 it never happened. That is to say, the reduction in 59 00:04:39.120 --> 00:04:43.120 government expenditure in size that Reaguannites promised and liberals feared 60 00:04:43.199 --> 00:04:46.319 turned out to be a mirage. What happened instead is that, 61 00:04:46.720 --> 00:04:49.800 starting in the nineteen eighties, both parties set the country 62 00:04:49.800 --> 00:04:56.199 on a course toward total boomer luxury communism. Henceforwarth to TBLC. 63 00:04:59.040 --> 00:05:03.680 TBLC is driving every aspect of American decline, from skyrocketing 64 00:05:03.759 --> 00:05:06.600 national debt and the erosion of our defense industrial base 65 00:05:06.680 --> 00:05:09.439 to the despair of young people. It's not the only 66 00:05:09.480 --> 00:05:11.560 reason for the decline, to be sure, but it's a 67 00:05:11.600 --> 00:05:15.360 major part of the problem. Yet TBLC has been entirely 68 00:05:15.439 --> 00:05:21.279 obscured from view. The essence of TBLC is that it 69 00:05:21.360 --> 00:05:25.839 redistributes wealth from younger families and workers to seniors who, 70 00:05:25.920 --> 00:05:30.839 on average, who are on average, much richer. America has 71 00:05:30.879 --> 00:05:34.040 achieved the Marxist paradise of hunting in the morning, fishing 72 00:05:34.040 --> 00:05:37.759 in the afternoon, rearing cattle in the evening, and criticizing 73 00:05:37.800 --> 00:05:41.639 after dinner. Only it looks more like golf in the morning, 74 00:05:41.759 --> 00:05:44.439 horseback riding in the afternoons, drinks at the social club 75 00:05:44.439 --> 00:05:46.360 in the evening, and a RESTful night's sleep in a 76 00:05:46.360 --> 00:05:50.000 million dollar home, all thanks to the largess of the 77 00:05:50.120 --> 00:05:57.079 US government. Remember what Trump said when they talked about 78 00:05:58.399 --> 00:06:03.240 people can't young people can't afford houses and or you know, 79 00:06:03.240 --> 00:06:06.279 we need to build more and he said he defended 80 00:06:06.560 --> 00:06:08.759 people who were house rich, who all their money is 81 00:06:08.800 --> 00:06:13.920 in their house. No, no, they'll lose, They'll lose, they'll 82 00:06:13.959 --> 00:06:22.600 lose their fortunes. I mean, the question needs to be 83 00:06:22.600 --> 00:06:27.279 asked at this point, how many how many people, and 84 00:06:27.319 --> 00:06:30.759 in this case boomers would be willing to lose half 85 00:06:30.839 --> 00:06:33.879 their net worth so that, you know, the next generation 86 00:06:34.040 --> 00:06:40.079 or the younger generation could live like they did. I 87 00:06:40.079 --> 00:06:44.160 don't think it's many. You ever see the bumper sticker, 88 00:06:44.759 --> 00:06:47.399 you know, usually on the back of a five hundred 89 00:06:47.439 --> 00:06:52.199 thousand dollars mobile home, you know, traveling tenement, rolling tenement. 90 00:06:53.800 --> 00:07:01.759 I'm spending or spending our kids inheritance. Wonder where? I 91 00:07:01.800 --> 00:07:08.800 wonder who planted that in their heads onward. It's been 92 00:07:08.839 --> 00:07:11.600 common for some time to see AI memes about how 93 00:07:11.680 --> 00:07:14.959 much easier the boomers had it. Quote my dad lived 94 00:07:14.959 --> 00:07:17.480 in a four bedroom house on a coal miners salary, 95 00:07:17.560 --> 00:07:21.160 but I went to college in Canadadford DoorDash end quote. 96 00:07:21.240 --> 00:07:23.959 The old right usually responds to this sort of claims 97 00:07:23.959 --> 00:07:27.959 with some facts about economic growth and median income. They wonder, 98 00:07:28.120 --> 00:07:31.439 sometimes out loud, why don't these young people appreciate what 99 00:07:31.480 --> 00:07:36.000 the conservative movement conserved. There's a kernel of truth in that. 100 00:07:36.319 --> 00:07:38.199 Just look at Canada if you want a glimpse of 101 00:07:38.240 --> 00:07:41.639 what in America without, if you want a glimpse of 102 00:07:41.720 --> 00:07:46.160 in America without a conservative movement, that's kind of a 103 00:07:46.199 --> 00:07:52.639 really good point. Conservatives in Canada are definitely historic. Conservatives 104 00:07:52.680 --> 00:07:56.920 in Canada, or at least what they call themselves definitely 105 00:07:57.040 --> 00:07:59.920 was what it was here. So there were some bad 106 00:08:00.600 --> 00:08:05.560 But how quickly are we becoming Canada? Especially when you're 107 00:08:05.560 --> 00:08:09.000 taking into consideration that there's a one hundred foot statute 108 00:08:09.040 --> 00:08:14.160 to a monkey god in Texas and the governor of 109 00:08:14.240 --> 00:08:19.519 Texas actually goes to India to talk about their partnerships together, 110 00:08:20.040 --> 00:08:22.279 and you wonder why there's one hundred foot monkey god 111 00:08:22.319 --> 00:08:25.519 in Texas the statue of a monkey god in Texas. 112 00:08:29.519 --> 00:08:32.200 Too often, though, defenders of the conservative movement take it 113 00:08:32.240 --> 00:08:35.039 for granted that America preserved the free market system and 114 00:08:35.080 --> 00:08:39.200 constitutional government through the Cold War era. Typically, our situation 115 00:08:39.320 --> 00:08:43.000 is compared with the centralized control of the CCP. If 116 00:08:43.000 --> 00:08:46.000 this comparison is accurate, however, it's hard to see it 117 00:08:46.039 --> 00:08:50.360 in the data. In his book Breakneck, Dan Wang observes, 118 00:08:50.639 --> 00:08:55.120 quoting nearly three quarters of China's population are spared from 119 00:08:55.159 --> 00:09:00.960 paying income tax. Low taxes make China stinge on welfare. 120 00:09:01.799 --> 00:09:04.960 Round ten percent of its GDP goes towards social spending, 121 00:09:05.360 --> 00:09:07.919 compared to twenty percent in the United States and thirty 122 00:09:07.919 --> 00:09:13.559 percent among the more genuine generous European states. China's pension 123 00:09:13.600 --> 00:09:16.679 and healthcare spending are much lower than that of other 124 00:09:16.799 --> 00:09:22.840 rich countries. In fact, Wang's comparison understates how much more 125 00:09:22.879 --> 00:09:27.720 the American government redistributes wealth compared to China. America is 126 00:09:27.759 --> 00:09:31.840 three times as wealthy per person as China. So the 127 00:09:31.960 --> 00:09:34.879 US spends at least six times as much per person 128 00:09:34.960 --> 00:09:38.679 on social programs as China, and most of that goes 129 00:09:38.679 --> 00:09:43.639 to seniors. And there's a chart here direct taxes and 130 00:09:43.799 --> 00:09:49.480 entitlements by age, and you see at eighteen to twenty 131 00:09:49.559 --> 00:09:54.080 four you are per person in twenty twenty one. These 132 00:09:54.080 --> 00:09:58.480 are twenty twenty one numbers less than five thousand. When 133 00:09:58.519 --> 00:10:04.879 you get to seventy seventy four, you know, between seventy 134 00:10:05.240 --> 00:10:08.559 four and seventy five, that shoots up to about thirty 135 00:10:08.919 --> 00:10:15.279 three thousand per person and goes up closer to thirty 136 00:10:15.320 --> 00:10:19.840 five thousand if someone makes it to eighty five and 137 00:10:19.960 --> 00:10:23.360 people will scream, but they've been paying into social Security 138 00:10:23.440 --> 00:10:29.879 their whole lives. Yeah, if they start getting thirty two 139 00:10:29.919 --> 00:10:34.279 thousand or thirty three thousand dollars a year at age 140 00:10:34.320 --> 00:10:37.639 seventy and they lived fifteen years, they didn't pay that 141 00:10:37.720 --> 00:10:43.080 much into social Security. Through the map, there are six 142 00:10:43.159 --> 00:10:47.840 times as much wealth redistribution happening in America as in China. 143 00:10:49.000 --> 00:10:52.600 That's the communism, but only for book for the boomers. 144 00:10:53.159 --> 00:10:59.320 The luxury part comes in how the government distributes these benefits. Perversely, 145 00:10:59.519 --> 00:11:03.720 retire millionaires have become the greatest recipients of government aid. 146 00:11:04.440 --> 00:11:07.320 Max social security benefits in the US are three to 147 00:11:07.399 --> 00:11:10.519 four times what seniors can ever hope to achieve in 148 00:11:10.600 --> 00:11:13.720 other developed nations such as Britain, Canada, and New to Zealand. 149 00:11:14.840 --> 00:11:18.840 These are allocated by lifetime income, so the greatest social 150 00:11:18.879 --> 00:11:22.919 security benefits go to wealthy individuals who need them the least. 151 00:11:24.240 --> 00:11:27.200 An individual can take in over sixty thousand a year 152 00:11:27.200 --> 00:11:35.360 from social security alone. That's how much the richest among 153 00:11:35.440 --> 00:11:41.519 us take in sixty thousand. Do they need it? No? 154 00:11:42.360 --> 00:11:49.919 Will they take it? Yeah? Meanwhile, Medicare programs are paying 155 00:11:50.000 --> 00:11:56.759 for golf balls, greens fees, social club memberships, horseback writing lessons, 156 00:11:57.279 --> 00:12:02.200 and pet food. On average, reachties are much wealthier than 157 00:12:02.279 --> 00:12:07.200 younger generations. And he has. If you're not watching this 158 00:12:07.320 --> 00:12:10.399 and you can see like where I'm highlighting where he 159 00:12:11.039 --> 00:12:18.120 links to all the sources for this, Yeah, isn't making 160 00:12:18.120 --> 00:12:20.559 this up at it? Then air These are coming from sources. 161 00:12:21.039 --> 00:12:23.399 You may not agree with the sources because you're angry 162 00:12:23.480 --> 00:12:27.519 right now, but you're angry that you're being attacked because 163 00:12:29.679 --> 00:12:37.279 whatever reason, but they're there. The metastatic growth of the 164 00:12:37.320 --> 00:12:40.480 American federal government took place largely in the absence of 165 00:12:40.519 --> 00:12:44.519 congressional deliberation or even public notice. For a brief period 166 00:12:44.600 --> 00:12:48.399 in twenty thirteen, centrists and center left commentators in the 167 00:12:48.399 --> 00:12:53.279 mainstream media admitted that the entire federal budget was biased 168 00:12:53.320 --> 00:12:56.480 against young people in the Trump era, though this fact 169 00:12:56.480 --> 00:13:00.039 has been memory hold and progressives instead talk about in 170 00:13:00.039 --> 00:13:06.320 increasing social security spending by tens of trillions. The facts 171 00:13:06.320 --> 00:13:10.080 on the ground about distribution and redistribution sit uneasily next 172 00:13:10.080 --> 00:13:15.120 to our popular perceptions of political polarization. Nearly three quarters 173 00:13:15.200 --> 00:13:19.279 of US federal spending goes on autopilot without congressional review. 174 00:13:19.840 --> 00:13:23.759 Commentators often lament how divided Americans supposedly are. But is 175 00:13:23.759 --> 00:13:26.720 this true? What percentage of the federal budget do the 176 00:13:26.759 --> 00:13:31.159 two parties actually fight over? Only about fifteen percent, it seems. 177 00:13:32.840 --> 00:13:35.200 The last year in which a majority of the federal 178 00:13:35.200 --> 00:13:39.679 budget went to so called discretionary programs which Congress actually 179 00:13:39.759 --> 00:13:49.679 reviews was nineteen seventy four. Wow, that's considering that. My 180 00:13:50.559 --> 00:13:54.279 episode Where Are the Blessings? That was the first solo 181 00:13:54.279 --> 00:13:57.000 episode I had done in a very long time. I 182 00:13:57.039 --> 00:14:02.200 started in nineteen seventy three. Yes, start to see where 183 00:14:02.240 --> 00:14:06.440 a lot of the problems really started. Oh and I 184 00:14:06.440 --> 00:14:10.919 have done other episodes about whose rising power really took 185 00:14:11.039 --> 00:14:17.559 hold right around that time too. Really strange, really odd. 186 00:14:19.000 --> 00:14:24.720 There are no coincidences. In other words, Democrats and Republicans 187 00:14:24.799 --> 00:14:27.559 agree on at least eighty five percent of federal spending, 188 00:14:28.080 --> 00:14:31.320 mostly because they both support a massive wealth transfer from 189 00:14:31.399 --> 00:14:34.799 young workers to the seniors. There is no political debate 190 00:14:35.200 --> 00:14:39.480 in Congress or even online until recently about total boomer 191 00:14:39.759 --> 00:14:50.480 luxury communism. That's, like I said, Europe's economies are less robust, 192 00:14:50.960 --> 00:14:56.960 so they've already had to confront these truths. Germany's chancellor 193 00:14:57.000 --> 00:15:00.600 has declared that its welfare state can no longer be fine. 194 00:15:00.000 --> 00:15:03.279 France has been locked in an intense political fight over 195 00:15:03.360 --> 00:15:06.919 raising the retirement age. But in America, our politicians act 196 00:15:06.960 --> 00:15:10.120 as if we can finance an in an ever more 197 00:15:10.200 --> 00:15:14.919 generous retirement state, despite our much higher military spending and 198 00:15:15.039 --> 00:15:20.360 aging population, plummeting fertility rates, stagning economic growth, and thirty 199 00:15:20.399 --> 00:15:25.519 eight trillion in national debt. He mentions Germany. He mentions 200 00:15:25.639 --> 00:15:32.960 France and how they're fighting over this. Why because even 201 00:15:33.039 --> 00:15:38.600 with the immigration attacks that they've undergone, there are still 202 00:15:38.639 --> 00:15:44.399 Germans there, and they're still French there. They're still the 203 00:15:44.440 --> 00:16:01.200 overwhelming majority are white Europeans, the overwhelming majority still here. No, oh, 204 00:16:01.240 --> 00:16:04.240 there was my I'm sorry, I just exhaled there. I 205 00:16:04.279 --> 00:16:09.559 know that upsets so many people when I go, go 206 00:16:09.679 --> 00:16:15.240 fuck yourself. The last major social security reform occurred when 207 00:16:15.279 --> 00:16:18.720 President Ronald Reagan signed the Social Security Amendments of nineteen 208 00:16:18.840 --> 00:16:23.799 eighty three. This legislation saved social security from imminent insolvency 209 00:16:23.879 --> 00:16:28.519 by raising the retirement age, slowing benefit growth, and increasing taxes. 210 00:16:29.080 --> 00:16:33.200 Since then, American politicians have let social security grow on autopilot. 211 00:16:33.559 --> 00:16:36.799 New Zealand, Canada, Germany, and Sweden. All reformed their versions 212 00:16:36.840 --> 00:16:39.679 of social security. During this period, the US did not, 213 00:16:43.200 --> 00:16:47.440 as summarized by Avery James Quote. Reagan's successors failed to 214 00:16:47.480 --> 00:16:50.919 control the massive elevation of government and payments to the elderly, 215 00:16:51.279 --> 00:16:55.679 creating a powerful gentry constituency to move the country's parties 216 00:16:55.679 --> 00:17:01.440 and politics away from debating smaller and larger government. The 217 00:17:01.480 --> 00:17:05.000 GOP did betray Reagan's legacy, but that process began a 218 00:17:05.000 --> 00:17:09.000 lot earlier than twenty sixteen. Much of the stale intra 219 00:17:09.160 --> 00:17:16.799 right wing debate referenced above conflates Reagan with his what 220 00:17:16.920 --> 00:17:29.359 is that word a pigan eh okay and epigone. Epigone 221 00:17:30.000 --> 00:17:33.720 a less original follower, imitator, or successor who copies the 222 00:17:33.759 --> 00:17:38.559 style idea. Yeah, I know something. You're gonna think I'm 223 00:17:38.559 --> 00:17:42.480 completely retarded, but I never really heard I've never seen 224 00:17:42.480 --> 00:17:44.799 that word before, or if I have, it was only 225 00:17:44.839 --> 00:17:47.799 in reading, not saying it out loud. But interesting word 226 00:17:49.039 --> 00:17:54.680 to use there to make yourself sound smart. But the yeah, 227 00:17:54.680 --> 00:18:01.400 so this isn't something that is recent. This is because 228 00:18:01.400 --> 00:18:06.720 of the way politics works, and because people are distracted 229 00:18:06.759 --> 00:18:14.240 by political debate, they don't realize that this is just 230 00:18:14.480 --> 00:18:21.000 on autopilot. This is just happening. This is just compounding. 231 00:18:22.480 --> 00:18:28.240 You know, sure there are differences between between Republicans and Democrats, 232 00:18:29.720 --> 00:18:34.720 but not on stuff like this. Stuff like this is 233 00:18:34.759 --> 00:18:37.640 the kind of thing that they agree on that they 234 00:18:37.640 --> 00:18:40.440 don't want a debate because they don't believe that there's 235 00:18:40.480 --> 00:18:43.400 a debate about it. This is just the way it is. 236 00:18:45.640 --> 00:18:48.000 And Republicans every once in a while might go, hey, 237 00:18:48.079 --> 00:18:50.880 I don't want those illegals getting these benefits, and their 238 00:18:50.920 --> 00:18:54.559 Democrats will be like, I want the illegals getting these benefits, 239 00:18:55.079 --> 00:18:57.640 when you don't realize that it's the benefits that are 240 00:18:57.680 --> 00:19:04.000 the problem. I mean, these programs should exist, but they 241 00:19:04.039 --> 00:19:09.839 shouldn't be a way for people to actually live. You know, 242 00:19:09.839 --> 00:19:11.839 if you look at the history of Social Security program, 243 00:19:11.920 --> 00:19:16.599 the Social Security Program was not designed that the money 244 00:19:16.599 --> 00:19:20.279 that you were collecting from that would that would be 245 00:19:20.319 --> 00:19:26.400 what you lived off of. That just became politically prudent 246 00:19:27.160 --> 00:19:32.880 and a bludgeon later, just as the Federal Reserve was 247 00:19:32.920 --> 00:19:36.240 meant to be independent banks who could adjust interest rates 248 00:19:36.279 --> 00:19:39.720 depending on the area of the country. So if a 249 00:19:39.720 --> 00:19:44.319 farmer outside of Kansas City, farmers outside of Kansas City 250 00:19:45.400 --> 00:19:53.160 could borrow at rates lower than bankers inside New York City. 251 00:19:53.920 --> 00:19:58.759 But it inevitably when you build something like that and 252 00:19:58.839 --> 00:20:02.240 you have a subversion of the country, it's going to 253 00:20:02.279 --> 00:20:09.440 be used to the advantage of the subverters. And the 254 00:20:09.480 --> 00:20:15.079 bigger and more on autopilot it is, and the more 255 00:20:15.200 --> 00:20:20.319 it can be manipulated by those subverters, the better off 256 00:20:20.319 --> 00:20:22.519 they are, and the harder it is to get them 257 00:20:22.519 --> 00:20:28.119 out of power onward. Today, most Americans have no idea 258 00:20:28.160 --> 00:20:30.880 how their tax dollars are spent. For example, ninety one 259 00:20:30.920 --> 00:20:33.799 percent do not know that Social Security benefits can reach 260 00:20:33.839 --> 00:20:37.160 over sixty thousand per person. They have no idea that 261 00:20:37.200 --> 00:20:40.000 a senior household can collect nearly one hundred and seventeen 262 00:20:40.039 --> 00:20:43.680 thousand a year just from Social Security. And if you 263 00:20:43.759 --> 00:20:48.079 tell people that Medicare programs cover golf balls, green s fees, 264 00:20:48.559 --> 00:20:53.880 social clubs, ski trips, and horseback riding, they stare in disbelief, 265 00:20:54.480 --> 00:20:57.319 or they will as some of you right now are going, 266 00:20:57.440 --> 00:21:07.000 I don't believe that, but it's true. Actually, articles written 267 00:21:07.039 --> 00:21:10.799 here May fifth, two thousand and five. Should Medicare cover 268 00:21:11.000 --> 00:21:17.519 golf fees? Where's the other one? Here? Social Security pays 269 00:21:17.559 --> 00:21:21.200 excessive benefits to the highest income earners and they compare 270 00:21:21.240 --> 00:21:25.160 it to the UK. Yeah, I mean this is just 271 00:21:27.720 --> 00:21:35.519 this is what's been built, total boomer luxury communism. That 272 00:21:35.519 --> 00:21:38.480 doesn't mean you have to hate the boomers. I mean 273 00:21:41.119 --> 00:21:44.359 their attitudes sometimes it's kind of hard not to and 274 00:21:45.759 --> 00:21:53.319 but and not hate them. Just look upon. I look 275 00:21:53.400 --> 00:21:58.480 upon them in disbelief. That's pretty much like how I 276 00:21:58.599 --> 00:22:01.599 look at when I see boomers who are just absolutely 277 00:22:01.640 --> 00:22:04.799 they don't know that another human being in the world exists, 278 00:22:05.319 --> 00:22:10.799 and they could care less, they couldn't care less. Yeah, 279 00:22:11.680 --> 00:22:14.000 I just look on and disbelieve. I don't want to 280 00:22:14.000 --> 00:22:21.039 hate anyone. Hate clouds your judgment and yeah, listen to 281 00:22:21.240 --> 00:22:24.799 doctor Johnson of My's latest reading of Ivan Eleen, so 282 00:22:26.759 --> 00:22:31.480 we talk a lot about hate. But yeah, Medicare programs 283 00:22:31.519 --> 00:22:34.039 cover golf ball, screens, fees, social clubs, ski trips, and 284 00:22:34.079 --> 00:22:39.119 horseback riding. Who can take those, well, people who can 285 00:22:39.119 --> 00:22:46.559 collect medicare. Who can collect medicare Boomers And that's one 286 00:22:46.559 --> 00:22:48.680 of those things that's funny is is they'll probably be 287 00:22:48.720 --> 00:22:50.799 the last generation who will be able to do that 288 00:22:50.839 --> 00:22:56.000 because someone will eventually probably try to fix that. So 289 00:22:56.079 --> 00:22:59.720 they really were the generation that was born on third 290 00:22:59.759 --> 00:23:03.480 base and thanks. They hit a home run the way 291 00:23:03.519 --> 00:23:06.200 inflation works for them when they buy a house for 292 00:23:06.240 --> 00:23:10.079 twelve thousand dollars and sell it for a million. And yes, 293 00:23:10.200 --> 00:23:15.519 I know it's not all boomers, but even more and 294 00:23:15.599 --> 00:23:24.400 more boomers are starting to notice other boomers moving on. 295 00:23:25.279 --> 00:23:29.200 Zoomers and millennials may overlook America's massive social spending because 296 00:23:29.559 --> 00:23:32.519 they largely don't benefit from it. They just pay for it. 297 00:23:32.599 --> 00:23:36.720 As Chris Pope explains, quote, the US is increasingly costly. 298 00:23:36.839 --> 00:23:41.920 Entitlement for middle class retirees results in substantial redistribution away 299 00:23:41.920 --> 00:23:48.160 from young workers end quote. The generational injustice is compounded 300 00:23:48.279 --> 00:23:52.519 at least four times over One. Government taxes are young 301 00:23:52.599 --> 00:23:58.039 and transfers to they're wealth to seniors. Yeah, I mean 302 00:23:59.720 --> 00:24:05.640 sing are taxed single people. Young people are taxed more 303 00:24:05.759 --> 00:24:15.880 than people who were married and have kids. Shouldn't the 304 00:24:15.920 --> 00:24:18.480 single people be given a chance to save as much 305 00:24:18.519 --> 00:24:21.119 so that they can get married and have kids young people? 306 00:24:23.359 --> 00:24:31.720 Or fuck them because you know they're young. Two, Government 307 00:24:31.759 --> 00:24:36.000 borrows even more to transfer wealth to seniors, borrows prints 308 00:24:36.000 --> 00:24:44.960 money increases the money supply prices go up, people get rich, 309 00:24:45.880 --> 00:24:49.000 price of housing goes up. And then Trump says no, No, 310 00:24:49.039 --> 00:24:51.480 we don't want to do you know, we we don't 311 00:24:51.480 --> 00:24:54.799 want to do anything about about the price of housing. 312 00:24:55.400 --> 00:25:03.559 That'll that'll make people poor. Yeah, make boomeras poor. Sorry. Three. 313 00:25:03.960 --> 00:25:07.519 Government debt causes inflation and slows economic growth, eating away 314 00:25:07.519 --> 00:25:12.599 at young people's income their entire lives. Correct, what you 315 00:25:12.960 --> 00:25:15.759 what costs twenty dollars if you go to the grocery store? 316 00:25:15.799 --> 00:25:18.160 What costs twenty dollars four or five years ago? And 317 00:25:18.240 --> 00:25:21.960 let's say twenty twenty two, because that was a year 318 00:25:22.000 --> 00:25:25.400 I was doing most of my own shopping and I 319 00:25:25.559 --> 00:25:31.839 still go shopping often, and I believe me, things are 320 00:25:31.920 --> 00:25:36.200 way more expensive than they were three years ago. And 321 00:25:36.240 --> 00:25:40.079 I'm not talking about like I'm talking about two times, 322 00:25:42.279 --> 00:25:46.519 like something that costs five dollars costs ten. This isn't 323 00:25:46.559 --> 00:25:54.359 me like making shit up. I noticed this. I mean 324 00:25:54.440 --> 00:25:58.839 the I understand gasoline is up because of the war 325 00:25:59.079 --> 00:26:01.720 and everything that it's a lot of fun when we 326 00:26:01.759 --> 00:26:04.720 still don't know what anything that's going to cost because 327 00:26:04.720 --> 00:26:06.880 of Straight to Horror Moves being closed, which it was 328 00:26:06.960 --> 00:26:15.079 open on February twenty seventh. But I mean to if 329 00:26:15.079 --> 00:26:18.400 you're going to argue that, you know, oh, well, you know, 330 00:26:18.480 --> 00:26:21.240 like Joel Berry. Well, you know we went to Ald, 331 00:26:21.759 --> 00:26:24.400 German company. Joel, did you know it was it's a 332 00:26:24.440 --> 00:26:27.200 German company. Might want to stay away from those Nazis 333 00:26:28.240 --> 00:26:30.680 if you don't know. Joel Berry calls everyone a Nazi. 334 00:26:31.079 --> 00:26:38.440 Very funny guy from from the Babylon b Just fabulous, amazing, 335 00:26:40.400 --> 00:26:47.279 amazing irony to of how that name turned out. Oh, 336 00:26:47.359 --> 00:26:49.440 I have five kids and we can we can go 337 00:26:49.480 --> 00:26:53.440 to Ald and make burritos for under for under twenty dollars. 338 00:26:54.440 --> 00:26:56.839 All you have to do is, you know, mix beans 339 00:26:56.920 --> 00:27:05.160 into the into the meat, and yeah, what that's what 340 00:27:05.200 --> 00:27:09.880 they do in their world countries. And you're defending that 341 00:27:10.839 --> 00:27:15.279 and bragging about it, and I don't believe you. I 342 00:27:15.319 --> 00:27:25.559 think you're a liar anyway. Four government taxes young people 343 00:27:25.599 --> 00:27:27.519 again to pay for the debt, and courge to pay 344 00:27:27.559 --> 00:27:35.640 for senior entitlements. Yeah, it's literally a Ponzi scheme. Take 345 00:27:35.680 --> 00:27:41.839 from the young and move it up to the older. 346 00:27:43.920 --> 00:27:48.440 And here he quotes Peter Teel says boomers are strangely 347 00:27:48.640 --> 00:27:52.200 uncurious about how this is not really working for their kids. 348 00:27:52.839 --> 00:27:56.960 If all you can say is that Mam Domini is 349 00:27:57.000 --> 00:28:01.200 a jiehattest communist. Ridiculous young person. What that sounds like 350 00:28:01.279 --> 00:28:03.559 to me is that you still don't have any idea 351 00:28:03.599 --> 00:28:06.519 what to do about housing or student debt. If that's 352 00:28:06.559 --> 00:28:10.640 the best you can do, you are going to keep losing. Yeah, 353 00:28:10.960 --> 00:28:14.480 the reason why Democrats Socialists of America candidates are being 354 00:28:14.519 --> 00:28:23.920 elected everywhere is because they're talking about the economy. Who 355 00:28:23.960 --> 00:28:31.000 said it, it's the economy, stupid people. If you listen 356 00:28:31.079 --> 00:28:33.960 to this, if you listen to my podcast, if you 357 00:28:34.039 --> 00:28:38.359 listen to other podcasts in our sphere, you may be 358 00:28:38.480 --> 00:28:41.720 considered yourself an ideo idea log You have an ideology 359 00:28:41.720 --> 00:28:46.400 that you adhere to, and be damned, you're going to 360 00:28:46.440 --> 00:28:49.000 stick to that ideology. Most people are not like that, 361 00:28:50.960 --> 00:28:54.319 most people and you you know it because you know 362 00:28:54.920 --> 00:28:57.440 you're this way too. Even if you are an ideal love, 363 00:28:59.079 --> 00:29:06.039 when your wallet starts to sting you, your ideology goes 364 00:29:06.039 --> 00:29:08.640 out the window and you're like, how do we fix this? 365 00:29:08.839 --> 00:29:13.559 No matter what? And that's what a lot. That's why 366 00:29:13.640 --> 00:29:16.039 a lot of these DSA people are going to win. 367 00:29:18.799 --> 00:29:22.680 I don't want them to win, but mom, dammy, when 368 00:29:22.720 --> 00:29:27.759 he ran, he ran in New York City. What can 369 00:29:27.799 --> 00:29:30.680 you say about the politics in New York City, especially Manhattan. 370 00:29:32.400 --> 00:29:35.960 Oh you know, when he was asked on the debate stage, 371 00:29:36.039 --> 00:29:38.440 you know, are you going to go to Israel? He's like, no, 372 00:29:38.680 --> 00:29:41.839 our problems are right here. And he got attacked by 373 00:29:41.920 --> 00:29:44.599 every other candidate on that stage that he wouldn't go 374 00:29:44.599 --> 00:29:47.440 to Israel. That makes him makes him an anti sem 375 00:29:47.519 --> 00:29:50.440 might even know what forty percent of New York Jews 376 00:29:50.480 --> 00:29:57.200 voted for him. It's the economy. If the if the 377 00:29:57.240 --> 00:30:00.440 Republicans get routed in the midterms, it will over the 378 00:30:00.480 --> 00:30:04.400 economy and the war. But the war has not helped 379 00:30:04.440 --> 00:30:08.920 the economy. I mean, it's helped some bomb makers, but 380 00:30:08.960 --> 00:30:15.799 even they can't make bombs quick enough. So yeah. To 381 00:30:15.880 --> 00:30:20.359 illustrate Teal's point with just one among many key examples, 382 00:30:20.440 --> 00:30:23.759 discussion of housing costs often completely ignores the cost of 383 00:30:23.799 --> 00:30:29.880 total boomer luxury communism, focusing exclusively on supply restrictions. Yes, 384 00:30:30.000 --> 00:30:32.880 it's true that when government regulations and zoning restrict the 385 00:30:32.880 --> 00:30:36.039 supply of housing and demand increases due to popular influx, 386 00:30:36.519 --> 00:30:41.799 prices go up. But our nation's policies are heavily biased 387 00:30:41.799 --> 00:30:45.200 towards keeping seniors and homes that are more spacious and 388 00:30:45.279 --> 00:30:51.279 nearer to major employers than they would otherwise be what 389 00:30:51.319 --> 00:30:57.960 did Trump say, keeping them in homes that are more 390 00:30:58.000 --> 00:31:01.039 spacious and nearer to major employers, and they otherwise would 391 00:31:01.079 --> 00:31:06.160 be not saying they need to downsize, not saying, oh, 392 00:31:06.240 --> 00:31:09.240 you should sell your house to a younger person, and 393 00:31:09.880 --> 00:31:13.720 you know, how about you give it to your kids 394 00:31:16.759 --> 00:31:20.119 instead of selling it and buying a smaller place and 395 00:31:20.119 --> 00:31:25.599 then going on cruises. Was literally walking through a hotel 396 00:31:26.200 --> 00:31:28.400 a hotel lobby the other day and there was four 397 00:31:28.440 --> 00:31:30.960 boomers sitting there and two were like, we go on 398 00:31:31.000 --> 00:31:32.480 cruise all the time, and the other one's like, oh, 399 00:31:32.480 --> 00:31:37.440 we're thinking about going on cruises. I mean you did 400 00:31:37.480 --> 00:31:49.319 the meme. There's that Saya again, take the housing market 401 00:31:49.319 --> 00:31:52.680