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by 303uru
894 days ago
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It's incredible the extent to which Gen X/Y/Millenials are not fighting back over being fleeced by Boomers. We’ve paid 12.4 percent of our earnings to Social Security the whole time we've worked — half taken through the “FICA” tax on our paycheck and half through the payroll tax. What is more, the Medicare tax at 3.1%. In contrast, the Boomers entered the workforce in the late 1960s, paid only 6.5 percent of their earnings to Social Security and nothing to Medicare. For about half of their working years, the Boomers paid 10 percent or less to Social Security and less than 1.25 percent to Medicare. Only from 1990 on, when the Boomers had earned paychecks for a quarter‐ century, did they start paying 12.4 percent to Social Security and 2.9 percent to Medicare — the same percentage we Gen‑X/ Yers have paid our whole lives. Yet, Boomers are reaping the full rewards, rewards we will likely never see. It's an absolute fucking joke and the final trick played by a generation that took solid foundation built on sweat and sacrifice, partied on them for 30 years, left their trash behind and sold what remained for parts. Every-time my conservative, gubmnt hating father lauds the wonders of Medicare and how wonderful his free healthcare is I want to kick him squarely in the balls. |
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On the note of "selling": after certain Boomer family members were complaining about the cousin in NYC who won't renovate and get that sweet ABnBux cashflow from her brownstone, I pointed out that our family had let go of 8 figures worth of property in my lifetime (for about 6 figures in cash), and that they had no right to pin our landed gentry hopes on her. Like water off a duck's back; I don't even think they understood what I was trying to say, repeatedly misinterpreting, "It shouldn't be all on her," to mean, "We could swoop in and finance it if only she'd let us." No, I meant, "You squandered your portions of the pie Boomering around in the 90s and early 2000s; leave her be."
They just... don't listen.