This page has been archived and commenting is disabled.

Guest Post: For A Few Dollars More - Part 1

Tyler Durden's picture




 

Submitted by Jim Quinn of The Burning Platform

For A Few Dollars More - Part 1

Where life had no value, death, sometimes, had its price. That is why the bounty killers appeared. - For a Few Dollars More

 

“Tell me, isn’t a sheriff supposed to be courageous, loyal and, above all, honest?” - Man with No Name – For a Few Dollars More

Whenever I get an idea for an article I plan to keep it short and
sweet. But it never seems to work out that way. Once I start typing, the
articles tend to grow exponentially. It happened again with my attempt
to make sense of how the United States of America managed to screw our
finances up so badly, that an epic collapse is within view to people
with their eyes open to facts and the truth. You don’t end up in the
predicament we find ourselves in today due to a couple minor mistakes
over a short time frame. It took thousands of horrible choices, colossal
doses of delusion, a heaping of stupidity, and a mountain of denial
over decades to put us on the brink of economic collapse. An unholy
amalgamation of demographics, fiat currency, debt, taxes, power and
greed have led us to this point. Next we experience collapse, revolution
and ultimately, retribution.

Since I’ve identified four major rationales for our impending doom,
I’ve decided to write a four part series that can be read in small
doses, rather than one enormous article. I don’t want anyone to miss
tonight’s episode of Dancing With the Stars, get distracted from the
Royal Wedding preparations, or skip the best reality TV show ever – Ben
Bernanke’s press conference, while reading an 8,000 word article about
the end of America. The four part series will have a Clint Eastwood
theme. For a Few Dollars More will address the Baby Boomer impact on America’s decline. A Fistful of Dollars will examine how the creation of the Federal Reserve and the income tax in 1913 set us on a path to ruin. Outlaw Josey Wales will
scrutinize the looting of America by a small group of powerful,
connected, super rich men lurking in the shadows, but pulling the
strings on our puppet politicians. Lastly, Unforgiven  will detail the impending collapse of our economic system and the retribution that will be handed out to the guilty.     

Over the last few weeks there seems to be consensus among many
financial bloggers, whose credibility is far more trustworthy than the
corporate mainstream media, that the country is teetering on the verge
of economic collapse due to the complete capture of the government,
financial, regulatory, and media by a small group of oligarchs. They
have also been described as the super rich, plutarchs, ruling elite, and
scum sucking leeches. The bloggers that I have the utmost respect for,
including Jesse, Charles Hugh Smith, Mike Shedlock, Yves Smith and Gonzalo Lira have
all come to the logical conclusion the horrific economic situation of
the country is a direct result of the greed, corruption, fraud, and
plundering by a powerful connected group of rich financiers operating
without fear of being brought to justice by the authorities.

While pondering the ruminations of these dedicated truth tellers, I was reminded of the Clint Eastwood Spaghetti Western For a Few Dollars More.
The quotes above are representative of living in the USA today. There
are supposed to be courageous, loyal and honest sheriffs that protect
the citizens from crime, corruption and evil doers. But, just as we saw
in the Old West of Clint Eastwood movies, the sheriffs are always
corrupt and bought off by the evil cattle barons. In a world where life
has no value and you can’t rely on law enforcement to protect your
interests, the citizens eventually will need to turn to bounty hunters
to take care of the bad guys. The bounty hunters of truth reside on the
internet. They reside at Zero Hedge, Jesse’s Café Americain, Of Two Minds, Mish, Chris Martenson,
and dozens of other anarchist websites. When you can’t trust your
government, your bankers, your church, your media, or mega-corporate
CEOs, you need to seek the truth where it can be found. The insightful
bloggers who courageously print the truth on a daily basis have
unanimously concluded that a small band of powerful elite have
accumulated undue influence and control over this country, having
brought it to the verge of economic collapse. How did this happen? Who
is responsible? Why were they permitted to gain this power?

Boomers Come of Age

“If those in charge of our society – politicians, corporate
executives, and owners of press and television – can dominate our ideas,
they will be secure in their power. They will not need soldiers
patrolling the streets. We will control ourselves.” –
Howard Zinn

Whenever I direct any blame for our economic woes towards the Baby
Boom generation they react as expected. They blame the GI Generation for
creating the welfare state. They declare that Generation X and the
Millenials are just as greedy and self centered as the Boomers. Boomers
are great at blaming, ridiculing and acting pompously, while taking no
responsibility for their actions and more importantly their inaction.
This generation cannot avoid their responsibility for the state of
affairs. They like to take credit for their stand against the Vietnam
War and their protests against the man during the 1960s. They don’t like
to take credit for turning into materialistic, greedy, selfish,
short-term focused bastards. When a generation of 76 million people
decides to go in a particular direction, the country will go in that
direction. While blaming FDR and the GIs who stormed the beaches of
Normandy for creating the unfunded Social Security and Medicare
liabilities, the Boomers have been voting since the mid-1960s and have
been in control of corporate America and the levers of government since
the early 1980s.

The U.S. Congress is dominated by Baby Boomers today and has been
dominated by this generation since the 1990s. The Senate has 60 Boomers
out of 100, while the House of Representatives has 254 Boomers out of
435 members. Boomers occupied the White House from 1992 through 2008.
They have had the political power and control of the agenda for two
decades and have failed miserably. Rather than do what was best for the
country for the long-term, they took the expedient, easy, vote getting
route. Promise more than you could ever deliver and let future
generations worry about the consequences. Not one true noble statesman
has arisen from this generation of myopic, self centered “Me Generation”
political hacks. Even as the country nears the precipice, they continue
to address the great issues of the day with talking points supplied by
other Baby Boomer PR maggots from Park Avenue. These weasels care not
for the country, but worry only about poll numbers and the next election
cycle. An apathetic public, dominated by the Baby Boom generation, has
the attention span of a gnat. As long as they can make the lease payment
on their Escalade, use one of their 15 credit cards at the Mall, be
entertained by 600 cable TV stations, play with the latest iSomething,
live in their McMansion for two years without making a mortgage payment
and consume massive quantities of fast food, then any thoughts of future
generations or civic duty are unnecessary. Live for today has been the
rallying cry for the Boomer generation. Pot was their drug during the
1960s. Debt has been their drug since 1980.

The drug (debt) dealer for the Baby Boom generation has been the Wall
Street mega-banks, coincidentally, run by Boomers. The entire corrupt
financial industry is being run by Boomers. The CEOs, CFOs, and the
thousands of Harvard MBA VPs that created the fraudulent derivative
scheme to bilk billions from clueless municipalities, pension funds and
American taxpayers are all Boomers. It is no coincidence that the great
debt delusion began in the early 1980’s. Jim Kunstler captured the
essence of Boomer transformation:

“The Baby Boomers came back from the land, clipped their pony
tails, discovered venture capital, real estate investment trusts,
securitization of “consumer” debt, and the Hamptons. Greed was good.”

The Boomer CEO hall of scam has been built on the brilliance and
financial acumen of Lloyd (god’s work) Blankfein, Charlie (keep dancing)
Prince, Jamie (friend of Obama) Dimon, and the king of the Boomers,
Hank (the system is sound) Paulson. These mainstays of crony capitalism
led the Boomer charge of greed, greed and more greed. The Baby Boomer
generation has been the proverbial pig in a python working its way
through the decades as presented below. By 1985, Boomers had entered the
work force in full force with the entire generation between the ages of
25 and 42. It will be a great day when the python craps this pig of a
generation out the other end.

               

It is not a coincidence the National Debt growth has far outstripped
GDP growth since 1980. Boomers had been spoiled their whole lives and
felt they deserved the goodies today while passing the bill to future
generations. They voted for politicians who promised them more benefits,
more programs, more subsidies, more tax breaks, more military
adventures, and more pleasure. And this was “paid for” with more debt.
Thirty five years of government debt declining as a percentage of GDP
was reversed over the next thirty years starting in 1980, pushing it
past the 90% tipping point in the last year. The country is
over-indebted to the tune of $9 trillion on a current basis and $100
trillion on a long term accrual basis.

 

There is no better picture of Boomer decadence and myopia than an
historical view of the national savings rate. The parents of the Boomers
understood the meaning of sacrifice and investing in the future of the
country. During World War II they bought US War Bonds to support the
cause. From 1950 through 1985, the savings rate consistently ranged
between 7% and 12%. Americans had this odd notion that if you saved more
than you spent, you actually got ahead in life. Excess savings were
used to invest in new plants and equipment that were used to produce
goods and employ more Americans. By 1985, the Boomers considered these
notions as quaint and old fashioned. The savings rate methodically
declined until it went negative in 2006, just prior to the worldwide
financial conflagration. Our inspirational Boomer president George
(Mission Accomplished) Bush while waging two wars of choice, asked for
the ultimate sacrifice from the Boomers. He solemnly urged them to buy a
GM SUV with $0 down and 0% interest for 7 years, so we could defeat the
terrorists. The Boomers who ran GMAC were more than happy to make loans
to people with no income so they could “purchase” a $40,000
ostentatious gas guzzling hog. They were doing their patriotic duty for
the good of the nation. It brings a tear to my eye just thinking about
it.     

 

The Boomers not only heeded George’s call, but they did him proud by
buying 8,000 sq ft McMansions with $0 down and negative amortization
ARMs. Luckily, the executives at the mortgage origination sweatshops
were Boomers. They found no good reason to verify income or assets
before loaning someone $600,000, because they knew their fellow Boomers
at the rating agencies would rate the bundles of these toxic shit loans
as AAA so the Boomers on Wall Street could sell them to greater fools.
GMAC’s exemplary subprime mortgage arm – Ditech, did a bang up job
getting migrant Mexican workers into $450,000 homes in California’s
inland empire. As the tsunami of bad debt swept toward shore, delusional
Boomers across the land borrowed $500 billion against the inflated
value of their McMansions and installed granite counter tops, stainless
steel appliances, home theatres, elegant patios, Olympic sized pools,
and with the excess home equity, leased a BMW or two. The first
devastating tsunami wave hit in 2008 and wiped out billions in faux
Boomer wealth. Instead of learning a brutal lesson and reverting back to
saving and frugality, the “never say sacrifice” Boomers ventured out to
where the waves had subsided looking for more trinkets and treasures.

  Tsunami Warning by Mobile Phone

The next tsunami wave is on its way. The delusional Boomers will be surprised again.

The Boomer persona has been formed over the last five decades and the
country will deal with the consequences for decades to come. The clean
cut Beaver Cleaver children of the 1950s turned into the pot smoking
Dobie Gillis of the 1960’s, then into the slimy Gordon Gekkos of the
1980s and ultimately into the eternal wealth seeking Gollums of today.

  

  

This Boomer debt orgy over the last thirty years would have made
Caligula blush. Of course, none of this could have happened without the
Creature from Jekyll Island. I will address this aspect of our fate in Fistful of Dollars – Part Two.

Now for the righteous indignation from the Boomers that think I have
unfairly lumped them all together as one. Their reactions are
predictable. Even though they have had the means, the power and the time
to reverse the course of USS Titanic, they plowed full steam ahead into
the abyss. The GI Generation is dead. Generation X doesn’t hold the
reins of power. The Boomer generation needs to look in the mirror to
recognize who is to blame.  I’m sure there are a few good Boomers out
there somewhere, but as a generation they have failed this country and
our unborn generations miserably.

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 04/26/2011 - 13:26 | 1208256 Rodent Freikorps
Rodent Freikorps's picture

OT, but told ya so.

Texas refinery outages bring orders to stay inside

TEXAS CITY, Texas (AP) — Schools canceled classes and residents were urged to stay inside Tuesday after power outages shut down three Houston-area refineries, including BP unit where a 2005 explosion killed 15 people, and a Dow Chemical plant.

Emergency officials were working to determine what caused the Texas City outages, which a spokeswoman for Texas New Mexico Power company said involved a "customer-owned equipment problem."

http://www.google.com/hostednews/ap/article/ALeqM5jeX7A4-6xJhWqidyUC8zKm7AD-Gg?docId=84bc916a0999400695b4ebdd6bd6c7f7

 

Tue, 04/26/2011 - 15:32 | 1208742 That Peak Oil Guy
That Peak Oil Guy's picture

The fundamental cause of our decline is overpopulation leading to overconsumption of vital resources and pollution poisoning our environment.

The rest is window dressing showing how humans respond to the true cause and end up making it even worse.

I'm not saying it's not fascinating and entertaining to speculate on (because it is) but the stuff talked about here is not the "cause" of our problems.

TPOG

Tue, 04/26/2011 - 17:28 | 1209237 Dejean Splicer
Dejean Splicer's picture

I've had enough of the peak population conspiracy theories.

What a bunch of rubbish.

Tue, 04/26/2011 - 17:57 | 1209307 That Peak Oil Guy
That Peak Oil Guy's picture

Not conspiracy theories. Just human nature.  The same traits that allow us to survive in times of scarce resources caused us to overshoot the carrying capacity of the planet in times of plenty.  Most other life forms behave the same way, the difference with humans is the scale of the overshoot due to our unique ability to manipulate the world to our benefit.

The conspiracy is the people who may be trying to solve the problem in unnatural ways.

TPOG

Tue, 04/26/2011 - 19:55 | 1209658 gmj
gmj's picture

Dejean, population and consumption are presently high enough that natural resources are becoming scarce and expensive.  But population is projected to increase from six billion to nine billion in the next fifty years.  And per capita consumption is going to increase dramatically, because of the rise of the middle class in China and India.  Meanwhile, it has been well established that oil and coal reserves have been overestimated in order to attract investment.  Are you watching the prices of resource-related stocks?  They are exploding upward.  I don't understand your optimism.

There have been local resource-related collapses in the past.  This one will be global.  

Wed, 04/27/2011 - 04:34 | 1210409 MadeOfQuarks
MadeOfQuarks's picture

Our world can support a much larger population than today if we bothered to develop the tech for it. The sun provides more energy than we will ever need, if we recycle everything we need hardly dig anything out of the ground (after all most stuff we consume tends to get smaller), more efficient water purifcation will provide us with all the fresh water we need etc. The problem is that there isn't any money in sustainability on the corporate level thus r&d is underfunded.

Tue, 04/26/2011 - 13:27 | 1208267 redpill
redpill's picture

OT: Vast Libertarian Conspiracy Exposed


Everywhere, USA (AP) — Libertarians have been exposed as to wanting to take over the government and promptly leave everyone alone.

 

Tue, 04/26/2011 - 13:40 | 1208320 bigdumbnugly
bigdumbnugly's picture

problem is that there are too many teet suckers who don't want any part of that.

Tue, 04/26/2011 - 13:48 | 1208362 DoChenRollingBearing
DoChenRollingBearing's picture

+ 2012

Dr. Ron Paul for President!

Thu, 04/28/2011 - 00:18 | 1214830 RockyRacoon
RockyRacoon's picture

Did you get my reply to your question about trading silver coins for gold?

by RockyRacoon
on Tue, 04/26/2011 - 23:49
#1210139

http://www.zerohedge.com/article/gold-glitters-amid-economic-woes-reuter...

Tue, 04/26/2011 - 13:32 | 1208292 williambanzai7
williambanzai7's picture

Tue, 04/26/2011 - 13:54 | 1208373 DoChenRollingBearing
DoChenRollingBearing's picture

Train wreck dead ahead.

Prepare accordingly.

Tue, 04/26/2011 - 14:22 | 1208510 ivana
ivana's picture

:-D hahahaha grat man .... we'll wreck the economy and kill this dog hhahaha

Tue, 04/26/2011 - 15:42 | 1208790 SemperFord
SemperFord's picture

That was great WB7, some of your best work if I do say so myself.

Tue, 04/26/2011 - 23:51 | 1210172 Trifecta Man
Trifecta Man's picture

Cutting Edge.

Tue, 04/26/2011 - 16:31 | 1209022 velobabe
velobabe's picture

you are very talented, and lifted my spirits up^ after reading this horrible article by the burring platform man.

damn, does he have an axe to grind or what? he must hate his mother or his grandma, so bad. he sure thinks he can paint with a really broad brush. hard to do if you are at all compassionate. never read something as generalized as this POS.

any way, i knew you made this video. i never saw a few good men. i never liked movies with guns and killing even in the west. well, suppose only the western parts of america had gunslingers. we have nice old ladies that were hippies and went to woodstock, etc. that didn't turn into greedfestors. i know several, but can only speak for myself. i rejected money, kinda of not purposely pursuing it in life, as a goal. never went after men with money, for a reason.

b o r i n g,

kinda of like zerohedge is getting to be lately. except for you banzai, you are staying true to your colors. kiss kiss to all†

Tue, 04/26/2011 - 19:21 | 1209568 Loose Caboose
Loose Caboose's picture

....what she said....and this:

I don't own an i-anything.  No sense saying anything further as apparently, it's predictable, and therefore a waste of key strokes. 

Peace.

 

 

Tue, 04/26/2011 - 17:45 | 1209251 Problem Is
Problem Is's picture

I would have gone with:

The Good, The Bad and The Ugly
And that classic music theme:

wah-WAH-wwwwaaahhhh...

Tue, 04/26/2011 - 17:46 | 1209288 falak pema
falak pema's picture

A last train to boot hill...full of boomers going ...chug a lug, chug a lug,

I hope this tunnel leads to my mega bonus!

WB7 you did it again... 

Tue, 04/26/2011 - 13:36 | 1208299 bugs_
bugs_'s picture

there are two kinds of people in this world my friend, those who print, and those who dig.

Tue, 04/26/2011 - 13:47 | 1208358 X. Kurt OSis
X. Kurt OSis's picture

ayeee ayeee aaaah.

Tue, 04/26/2011 - 14:08 | 1208452 Don Birnam
Don Birnam's picture

+1

Tue, 04/26/2011 - 13:36 | 1208307 dick cheneys ghost
dick cheneys ghost's picture

"you gonna print that money or whistle dixie?"

Tue, 04/26/2011 - 14:13 | 1208445 Don Birnam
Don Birnam's picture

Lone Watie: How did you know which one was goin' to foreclose first? 
Josie Wales: Well, that banker in the center: he had a book full of NINJA loans and he was in no itchin' hurry. And the Ditech originator second from the left with the scared eyes, he has a leased Porshe Cayenne sixty days past due, so he wasn't gonna do nothin'. But that one on the far left, in the Bank of America polo shirt: he had crazy eyes. Figured him to make the first move. 
Lone Watie: How 'bout the one on the right? 
Josie Wales: Never paid him no mind; he was FHA. Besides, you were there. 
Lone Watie: I could have missed...the foreclosure auction. 

Tue, 04/26/2011 - 14:19 | 1208505 bigdumbnugly
bigdumbnugly's picture

we gonna bury them thar bankers, josie?

nope. leave 'em.  buzzards got to eat, same as worms.

Tue, 04/26/2011 - 14:51 | 1208605 dick cheneys ghost
dick cheneys ghost's picture

"I know what you’re thinking: 'Did he print $six trillion, or only five?' Well, to tell you the truth, in all this excitement, I’ve kinda lost track myself. But being this is a .44 Magnum printer, the most powerful printer in the world, and would blow the world clean up, you’ve got to ask yourself one question: 'Do I feel lucky?' Well do ya, Ben?"

Tue, 04/26/2011 - 16:03 | 1208864 krispkritter
krispkritter's picture

+.44

Tue, 04/26/2011 - 17:58 | 1209316 Mentaliusanything
Mentaliusanything's picture

That gave me a real good chuckle

Tue, 04/26/2011 - 13:36 | 1208308 bothsidesnow
bothsidesnow's picture

When you and your generation get out in the streets and riot like the boomers did in the 60's then I will listen to this crap.

Move along nothing to see here.

Tue, 04/26/2011 - 14:09 | 1208458 knowless
knowless's picture

right, because the situation hasn't changed dramatically? patriot act? indefinate detentions?

 

what about the protests of the RNC/DNC/WTO/NAFTA/G7/8/20?.. they just call them anarchists and lockemup..

 

it's not that they aren't rioting, it's that the shit is never reported.. also, the younger generations are either fully placated by their massive student debt (which the baby boomers didn't have to deal with), or near homeless just trying to figure out how to make rent, or living with their parents..boomerang.

 

I don't generally support finger pointing between generations, as it accomplishes nothing..

 

but if you don't think the younger generations are doing anything, then you aren't paying attention.. we do not live in the 60's anymore, shit is in lock down.

 

also, a criminal record will make it impossible to find housing, as renting in the vast majority of cities that actually have jobs to offer requires a clean record.. so have fun "protesting" or "rioting" when if you are arrested you are summarrilly disallowed from renting legally..

 

was it like that in the sixties?

Tue, 04/26/2011 - 14:15 | 1208488 gmrpeabody
gmrpeabody's picture

GOOD GOD!

We here at ZH have grown from blamming everybody on the left (or right) only to start blaming everybody over 50 (or under 50).

Seems nobody has learned anything.

jmho....

Tue, 04/26/2011 - 14:27 | 1208522 knowless
knowless's picture

the debtors mindset is now our cultural legacy, I wouldn't blame that on any particular generation. but comparing the current atmosphere to that of the 60's just seems naive to me, the cost of dissent is now much higher, quicker to implement, and harder to evade. no matter what your age.

 

that is my only point.

Tue, 04/26/2011 - 15:48 | 1208814 gmrpeabody
gmrpeabody's picture

My remark was not directed at you, Knowless. It was just served up in general. This whole article harkens back to the endless "but YOU voted for him" , right vs left argument. Only now, we've gone generational.

Oh, that's right..., my Dad did it.

Tue, 04/26/2011 - 21:00 | 1209754 i-dog
i-dog's picture

Quinn is very clever at stating the true situation then misdirecting the blame. He's already done it many times here.

These predictions of the forward course of American "democratic" government were made very public way back in 1958 -- when the baby boomers were still in grade school -- by somebody who allegedly knew of the oligarchs' plans. See how many you/we think have come to pass:

  1. Greatly expanded government spending on every conceivable means of getting rid of American money...as wastefully as possible
  2. Higher...then much higher...taxes
  3. An increasingly unbalanced budget...despite the higher taxes
  4. Wild inflation of the currency
  5. Government controls of prices, wages and materials...supposedly to combat inflation
  6. Greatly increased socialistic controls over every operation of the economy and every activity of daily lives...accompanied by huge increase in the size of the bureaucracy and in the cost and reach of central government
  7. Far more centralisation of control in federal government and practical elimination of state lines...until they are no more relevant than current county lines
  8. Steady advance of federal aid to, and control over, the education system...leading to complete federal control over public education
  9. Constant hammering into the American consciousness of the horror of modern warfare...and the need to give up individual rights to attain peace.

What we have here is a controlled demolition of the American economy. It was planned long ago by earlier generations of the same oligarchs that are pulling the strings today -- with the end objective of bringing all the wayward freedom-loving sheep back under the feudal control of a few European aristocratic families, administered under a single world government.

Tue, 04/26/2011 - 21:38 | 1209841 DavidPierre
DavidPierre's picture

SmokeyQuinn is a 'Usefull Idiot',* a simpleminded tool for an age old system. He again attempts  'divide and conquer' with this tripe.

 

Tue, 04/26/2011 - 14:32 | 1208546 Blotsky
Blotsky's picture

How many times have I, a 29 year old, wanted to go out to a busy road with a sign and simply show things for the way they are but have not? Alot.

Get out there and make any sort of a ruckus in the slightest bit and you can rest assured that the police will mark you down and throw your name in a database, and thats not a "conspiracy theory".

Yeah, it sucks. I graduated in the class of 2000 and I'll say this, the overwhelming majority of my generation are absolutely clueless as to what is going on, and if told, they could care less.

So most of my peers dont care and even if they did, like me, they would have to deal with being marked and entered.

The Boomers are not alone to blame, I'll take accountability for myself, but there is more severe BS that me and my generation get to deal with than in the 60's.

Tue, 04/26/2011 - 15:53 | 1208823 Stormdancer
Stormdancer's picture

Thankyou Blotsky.  There's a lot of truth in the article we boomers need to deal with, but focusing the spotlight on a "generation" instead of the lack of integrity... independent of age or generation... is just folly and will only serve to divide the very forces that need to be working together to expose the illusions we've been deceived by.

The Boomers

The Jews

...Christians

...Islamists

...Democrats

...Republicans

...Left/Right

...all divisive distractions designed to keep us mired in the few disagreements so we never notice and cooperate in the many things we do agree on.

 

Tue, 04/26/2011 - 15:18 | 1208692 Auricle of Omaha
Auricle of Omaha's picture

Fuck the boomers... They got great music, muscle cars, pot, free sex, cocaine, and a stock market that sent their 401ks and IRAs into the stratosphere. At a minimum they can bear some of the burden of the current fiasco.

Tue, 04/26/2011 - 15:19 | 1208709 duo
duo's picture

not to mention an almost free quality education in public schools and universities.

Tue, 04/26/2011 - 15:25 | 1208731 Bicycle Repairman
Bicycle Repairman's picture

There are some boomers among the 1% that own everything.  Go collect from them.

Tue, 04/26/2011 - 16:52 | 1209117 Mr Pinnion
Mr Pinnion's picture

"not to mention an almost free quality education in public schools and universities."

 

If the boomers fucked it up so bad with "quality education" , then we totally are doomed given how education sucks today.

Regards

ozzy

Tue, 04/26/2011 - 15:45 | 1208754 flattrader
flattrader's picture

>>>When you and your generation get out in the streets and riot like the boomers did in the 60's then I will listen to this crap.<<<

I still love a good riot...[and I've been on both sides of the line.]

The above was just crybaby bullshit.

I have one thing to say to little sniveling fucks like him:

BE THERE OR BE SQUARE.

http://ampedstatus.org/prepare-for-revolution-the-empire-state-rebellion...

 

Tue, 04/26/2011 - 17:14 | 1209188 WhiskeyTangoFoxtrot
WhiskeyTangoFoxtrot's picture

working on getting my ticket to NYC. Viva la revolucion, bitchez! Speak up, fight back, or shut the fuck up and die with the rest of the sheep!

Tue, 04/26/2011 - 16:13 | 1208923 Sean7k
Sean7k's picture

What is the point of this drivel? The Mighty Quinn thinks he can lay the blame at the feet of a single generation? His ignorance of economic and political history are mindboggling.

There is no benefit, beyond division, in attempting to fix the blame for today on anyone. The Elites that manage the people and governments of the world are not generational- they are dynastic. They do not belong to a country, they have allegiance to wealth and the exercise of power for the benefit of a few.

There has never been a difference between party or candidates. They have always been presented as a choice, when in reality, they have voted the same regardless of affiliation. Check the logs- there is a 1% difference between Democrat and Republican on business. The great compromise? A 400 million budget cut. Even if you accept the 38 billion, they POMO that and more every day.

FDR? Stack the court FDR? Socialism FDR? Unnecessary war- bailout Britain FDR? Maybe he means Truman. Nuclear weapon Truman- though completely unnecessary? Marshall Plan Truman? The money spent not on rebuilding, but on US gold transfers, CIA programs, Political instability and regime change? That Truman? Maybe Eisenhower. The one who warned us about the military-industrial complex- while he supported all their spending during his regime.

Maybe Johnson, who balloned the debt with the Vietnam war after he signed off on the assasination of Kennedy. Nixon? Who took us off the gold standard and started us down the fiat trail? Carter, Reagan and Bush I. Need I go on?

Don't get me started on the Morgans and Rockefellers and all the machinations of the teens and twenties- including JP on the board of the World Bank when the US was intent on not being a part of it- as stated policy.

Quinn the quisling needs to get his head out of his rectal nirvana and study history. There is only one group that runs the planet and they don't share power with anyone.

Tue, 04/26/2011 - 20:56 | 1209769 i-dog
i-dog's picture

+1 (and I'll be proud to share your junks!).

Tue, 04/26/2011 - 21:00 | 1209785 Sean7k
Sean7k's picture

+1 for your post above as well. Just hope people will do the research for themselves.

Tue, 04/26/2011 - 22:44 | 1210044 FeralSerf
FeralSerf's picture

That's pretty much the conclusions I came up with.  Well said!

Tue, 04/26/2011 - 13:38 | 1208311 Ferg .
Ferg .'s picture

Always a pleasure to read the ruminations of Jim Quinn  .

And a special thank you for this particularly colourful line :

 

"It will be a great day when the python craps this pig of a generation out the other end."

 

Epic .

 

Tue, 04/26/2011 - 14:50 | 1208597 macholatte
macholatte's picture

This author is completely full of shit! He talks out of at least 2 sides of his mouth. He makes this claim:

Over the last few weeks there seems to be consensus among many financial bloggers, whose credibility is far more trustworthy than the corporate mainstream media, that the country is teetering on the verge of economic collapse due to the complete capture of the government, financial, regulatory, and media by a small group of oligarchs

then says this:

There are supposed to be courageous, loyal and honest sheriffs that protect the citizens from crime, corruption and evil doers.

Then he moves on to play the blame game and nail everyone who got sucker punched as the perpetrator. Like nobody under the age of 40 bought a house he couldn't afford or has a credit card. Quinn is arrogant, totally self serving and egotistical and ignorant of history. He clearly sings the mantra of Robert Reich and the new "Only Me" generation seeking to save himself at the expense of all those who came before him. Of course he desperately wants his parents to drop dead soon so he will get whatever they have left and free him to live the life he deserves. 

 

Tue, 04/26/2011 - 15:41 | 1208794 gmrpeabody
gmrpeabody's picture

+100

The blame game = divide and conquer.

Tue, 04/26/2011 - 16:22 | 1208968 Jim Quinn
Jim Quinn's picture

I love pissing off dickhead Boomers like yourself.

Go fuck yourself.

Tue, 04/26/2011 - 16:44 | 1209087 macholatte
macholatte's picture

That's the best you could do. You are indeed a complete jerk-off.

 I know what you're thinking. "Did he fire six shots or only five?" Well, to tell you the truth, in all this excitement I kind of lost track myself. But being as this is a .44 Magnum, the most powerful handgun in the world, and would blow your head clean off, you've got to ask yourself one question: Do I feel lucky? Well, do ya, punk?

Tue, 04/26/2011 - 18:32 | 1209445 nmewn
nmewn's picture

"I love pissing off dickhead Boomers like yourself."

Well, we will certainly leave this world in good hands...LOL...you shouldn't fuck with boomers, we are getting old and cranky...we don't consider the ramifications of our actions like we used to...something for loud mouthed, uninformed, saggy panted, historically illiterate, pierced nosed, liberal arts majored, peacock tattooed, young twits to think about ;-)

Tue, 04/26/2011 - 19:41 | 1209625 Ride30B430
Ride30B430's picture

Exactly! "we don't consider the ramifications of our actions like we used to" 

Just pass that problem along to the next generation.  Firemen making 150K policemen making 200K, the system is held hostage by entitled BBs.  Good luck to you.  Inflation is going to kick your fixed income grumpy old ass!

Tue, 04/26/2011 - 20:16 | 1209707 nmewn
nmewn's picture

You quoted me out of context...which is typical of a Generation Whiner.

Good luck to you son, you'll need a bunch of it when you move out of your parents basement.

Wed, 04/27/2011 - 01:18 | 1210277 Ride30B430
Ride30B430's picture

How was that out of context?  It seemed more like a freudian slip to me. 

Without the BB "self funded" bailout how would you have made out?  It is not over yet......... 

Lock Stock and prepared at 31, but I will still take any luck I can get.

Cheers old man.

Wed, 04/27/2011 - 08:01 | 1210722 nmewn
nmewn's picture

"How was that out of context?"

You need to read it as it flows...if I would have said don't fuck with boomers because they are getting old and cranky and don't consider the ramifications of their actions before they bust a cap in some punk ass know-it-all it might have made more sense...but I was being polite and non-confrontational...better?...LOL.

"Without the BB "self funded" bailout how would you have made out?"

Ahhh...I see where we're at...you and I.

No my man...I moved my retirement to cash in 06...then when the double top formed on all the major stock indices in 07 it was I and other "old farts" who were screaming to get the fuck out now...if you didn't listen, well, you didn't listen.

But I did something midway through 08, I went into junk bonds...rode them down and back up collecting divs & shares (deferred capital gains) knowing socialist neo-Keynesian's only have one tool at their disposal...it worked...now I'm all cash again since the beginning of 10.

The above is how I handled my retirement accounts in the past.

I'm not retired...I still work, salaried, white collar, with a blue collar attitude (the Code of Ethics I signed precludes me from saying doing what)...but it was I and a few others who, at the age you find yourself at now, who was saying social security was a ponzi, that in general, all entitlements are enslavement devices of the state...you didn't hear it though...because you were still too young to understand.

Now you're not. 

You will need to come with us to help us end all of this crony capitalist socialism so your children are not made statist debt slaves to it as well.

Luck will have little to do with it...it's bloated and ready to fall of its own weight...just like us old geezers have been saying for years ;-)

Take care.

Tue, 04/26/2011 - 18:05 | 1209328 malek
malek's picture

You are blabbering total nonsense.
Jim Quinn writing this to "save himself at the expense of all those who came before him" is really the most bass ackward claim you can make.

Tue, 04/26/2011 - 13:39 | 1208314 TaxEstate
TaxEstate's picture

Pluck it from the boomers by increasing the Estate Tax to at least the top income tax rate for earned income. Boomers taketh, boomers payeth. Inherited money shouldn't be taxed at a LOWER rate than money that is earned through productivity.

Tue, 04/26/2011 - 14:00 | 1208402 traderjoe
traderjoe's picture

What the fuck are you talking about? The top estate tax rate is already higher then the top income tax rate. And why do we need more taxes? So government can actually get bigger? More wars? More handouts?

How about we eliminate 90% of government and 90% of taxes? Why don't we eliminate the Fed and fractional reserve banking and repudiate the fraudulent debt? Why does a sovereign country borrow its own money at interest from private corporations?

 

Wed, 04/27/2011 - 06:52 | 1210607 MadeOfQuarks
MadeOfQuarks's picture

+1 Taxes are too high already in pretty much all western nations. I can't comprehend how anyone can imagine that we will be able to retain our competetive advantage over the developing world when we are such a bunch of spoilt lazy ass teat-suckers and have our efficiency further weighed down by high taxes and cumbersome regulations.

Good call on the debt as well, there is currently NO reason why US Gov should loan dollars instead of running the press; I could see that having an outside organisation printing would make sense to curtail spending, but that clearly hasn't been the result. That banks can loan money at ~0% interest and then loan it back to the treasury at ~3% is pure corruption/stupidity. 

Tue, 04/26/2011 - 14:02 | 1208411 gwar5
gwar5's picture

Boomers have already paid into the medicare and social security systems all their lives (70% under Carter). Anything left over has been taxed many times already -- federal, state, sales taxes, and yearly property taxes on most real estate. It's theirs to keep. It does not belong to the banks or the illegal aliens and other freeloaders. 

If they take everyone's estates, it's only a short step to banning property ownership in the first place. And no property ownership goes by another name -- communism -- all belongs to the state.

No, instead we should tax the lazy socialists, just like we tax tobacco products, so we can eradicate them by forcing them to be contributors instead of mooches, such as a job holder and taxpayer so they'll be a property holder and have an honest stake in society for themselves. 

Or, how about death panels for "useless bread eaters" who don't work, pay taxes, or, agree with TPTB?  That's been the socialist/progressive morality solver for over 90 years. That's their version of an early 100% estate tax.

Tue, 04/26/2011 - 14:09 | 1208455 max2205
max2205's picture

++++ 1x 1000

Tue, 04/26/2011 - 14:23 | 1208518 gmrpeabody
gmrpeabody's picture

to the power of 10

Tue, 04/26/2011 - 14:33 | 1208549 GeorgeHayduke
GeorgeHayduke's picture

"Or, how about death panels for "useless bread eaters" who don't work, pay taxes, or, agree with TPTB?  That's been the socialist/progressive morality solver for over 90 years. That's their version of an early 100% estate tax."

This pretty much sums up the flawed fantasy premise so prevalent today. It really doesn't define work. Most all powers that be would just as soon kill their adversaries. It's convenient to blame the left for all of it, but the right wing dictators and/or religious nuts do a real good job of it too. If you'd take a little time to actually look at it you find that such things are more about righteous superiority than political leaning. But hey, it's easier to blame the left for ALL wrongs on a blog about economics.

Tue, 04/26/2011 - 15:06 | 1208664 gwar5
gwar5's picture

Righteous superiority comes from the left, invented by the left, in the West. You can see it themed and messsaged on liberal TV every night and in rags like the NYT.  Viewers in all categories are dropping because truth seekers and those with any other thoughts must use the media outlets located at the back of the building.

Righteous superiority and genocide comes from Islam in the Middle East, which is really a totalitarian political system masquarading as a religion. Western leftist ideology and the Sharia get along so well because they are so much alike.

Examples: Aryan superiority and superiority of marxist theology (aka Utopian mysticism) and Sharia law. Marxist ideology has been discredited countless times over 100 years. Yet, liberal media still lauds individuals like Soros, Obama, Chavez, and Van Jones agitating for it. They are given blanket adulation by the bitter clingers of liberalism who are terrified they will have to admit they've speint their lives being duped by these used car salesmen. 

Tue, 04/26/2011 - 15:17 | 1208698 GeorgeHayduke
GeorgeHayduke's picture

Liberal media? More like corporate media. Sure, mainstream media is more liberal than the seething right wing radio stuff, but mainstream media does little to actually push a liberal agenda. They always push what their owners and advertisers want them to push. To call it liberal is to start off with a bias in the first place.

In fact I would argue that if the mainstream media has any bias at all it's to the largest segment of the human herd...the consumers. So, it's more in the middle, but the middle is left of right, so it has to be liberal according to everyone on the right. To the right mindset everything is black or white, so to them, if it's not right, it's liberal.

It's interesting that you state the media is liberal with such absolute certainty when the true liberals I know absolutely hate the mainstream media and see it as nothing but a corporate, right-wing mouthpiece to maintain the status quo...which isn't too iiberal actually.

 

Tue, 04/26/2011 - 15:49 | 1208818 Flakmeister
Flakmeister's picture

Do you have any idea what you are talking about? Liberal TV?? Aryan supremacy is a leftist idea? You better step back from the bong....

Sharia law and western leftist ideology?? Are you just dropping labels at random?

Tue, 04/26/2011 - 17:08 | 1209162 GeorgeHayduke
GeorgeHayduke's picture

It's all part of the right-wing fantasy. To the indoctrinated all things evil are liberal.

Always remember that words have different meanings to right wingers too due to their fantasy. For instance, when they talk about freedom, they don't mean freedom for everyone, just for them. In other words, they mean the freedom for them to do whatever they want and push around anyone else they want, and those folks have the freedom to just take it. They mean their freedom to shove their religion down your throat and you're freedom to just deal with it.

Whenever talking with a right-winger just remember they live in a self-delusion. That's why right-wingnut radio is running 24/7 on many radio stations. If one of the adherents gets a stray thought of their own and starts to see it's hypocrisy and failings of reason, they can tune in to the preachings and get back onto the self-delusion track.

Tue, 04/26/2011 - 17:40 | 1209274 BKbroiler
BKbroiler's picture

excellent, thank you.  "Atlas Shrugged" was a horrible read, much less grounds for philosophy for every commenter on here to follow blindly.   This idea of "lazy, socialist eaters" obviously indicates a priviledged upbringing; Anyone who has spent time with the "eaters" know they work 100 times harder than the "fortunate sons" if given a chance.  Anyone who has actually started from scratch and had to hire people and run a business, that is.  Thanks for bringing the other side.

Wed, 04/27/2011 - 11:04 | 1211641 MilleniumJane
MilleniumJane's picture

+1

Tue, 04/26/2011 - 19:14 | 1209545 nmewn
nmewn's picture

"It's all part of the right-wing fantasy. To the indoctrinated all things evil are liberal."

A vast right wing conspiracy...again?...LOL.

All things evil start with the premise that what is yours is not really yours, it's the governments, to be redistributed at their discretion...or not at all...a classical liberal doesn't think this way...a conservative doesn't think this way. 

Socialists, communists and "progressives" think this way.

Now, read down through the comments on this thread and find those who think in terms of individual liberty, property rights and personal choice vs. those who think in terms of a statist, all controlling, big brother society controlled from the top down and what you think their political leanings are. 

Then tell me which are evil and which are good.

Tue, 04/26/2011 - 20:04 | 1209685 Flakmeister
Flakmeister's picture

  By ZH standards, I am raving socialist and I take serious umbrage about your alledged understanding of the role of the state and how you think that socialists see things.

 I have lived in 3 countries, you have no fucking idea about what you speak of. I felt freer when I lived in France or Canada than here. No bullshit Patriot Act, no self righteous Evangelicals dictating the political debate, the unfettered right for my woman to choose, the list goes on...

Freedom to pursue your happiness is not a carte blanche to inflict unhappiness on others.

The kicker is that in a "free society" one is able to rise to the level of ones abilities. Hate to break it to you, but those goddam social democracies in Europe and to the north have left the US far behind in upward mobility. And lets not forget that all studies aimed at determining happiness show that these countries also beat the US hands down.

Tue, 04/26/2011 - 20:55 | 1209775 nmewn
nmewn's picture

"Freedom to pursue your happiness is not a carte blanche to inflict unhappiness on others."

Did I run over your puppy or sumpin?...what the hell are you talking about there Heinrich?

"The kicker is that in a "free society" one is able to rise to the level of ones abilities."

The public education system here was modeled on the Prussian statist system...a be a good little zombie and don't cause any waves kinda thing...so what abilities does the state grant in your view?...where do these abilities come from?...and who apportions them?

Furthemore..."Hate to break it to you, but those goddam social democracies in Europe and to the north have left the US far behind in upward mobility."...then why the fuck are you here?...you some sort of masochist?

"And lets not forget that all studies aimed at determining happiness show that these countries also beat the US hands down."

Its all relative ain't it?...if my parents told me of the horror stories of wars and starvation from the two world wars that europeans started from monarchy's, communism & socialism...that eventually decimated an entire continent and was workin on another one before they collapsed of their own weight, I guess I'd rate my personal happiness and full belly (today) right up there too.

I've read your horseshit before...look in the mirror spud.

Tue, 04/26/2011 - 21:04 | 1209793 Flakmeister
Flakmeister's picture

 You like Red Herrings much? What the fuck does WWII have to do with this? BTW, the ACW was not much of a party for people here...talk about cherry picking....

I'm here because some one offered to pay me $250,000 a year and then I met someone that convinced me to stay...

Let me guess, were you home-schooled?

Tue, 04/26/2011 - 21:23 | 1209832 nmewn
nmewn's picture

"You like Red Herrings much?"

Everyone you care to dish up.

"What the fuck does WWII have to do with this?"

I said two world wars...started in your utopian social paradise. 

"BTW, the ACW was not much of a party for people here..."

Neither was the one that broke us away from a British monarch who instituted slavery here on this continent...anything else in this vein?

"I'm here because some one offered to pay me $250,000 a year and then I met someone that convinced me to stay..."

So, because your fine socialist principles do indeed have a price, you think everyone else does as well?

"Let me guess, were you home-schooled?"

Let me guess, you were passed through a state run indoctrination camp?

Tue, 04/26/2011 - 23:19 | 1210119 Flakmeister
Flakmeister's picture

Wow... don't care to debate the real points I brought up? Upward Mobility and Happiness?  You can't touch them, read 'em and weep.

So, two World Wars are the result of European Socialism? Wow, you were home schooled. Do you think that maybe, just maybe, that the Europeans might have figured something out from those wars? Have you ever even been to Europe? Have you ever crossed the County line? 

Hey, I was offered $250,000, what would you say to that? Have you ever made that amount in a year?

I didn't sell out any principles. Hey, if you can make some coin, this is a great place to live. It's nice to piss on the poor and blame them for their own failure and be morally superior because you have a few Benjamins to burn. I'm 48 and basically retired, I hope you were able to get yours... Just because I am a socialist does not mean I don't know how to play the game....

BTW, the second war was the "best thing" that ever happened to the US. For the geopolitical gains, the cost was de minimus.... 

 

As for "State Run camps", yeah, I went to the best of them, was forced to read shit like Plato, Epictetus, Hume, Locke etc.... It was hell, I was glad to escape... You fucking Boetian....

Wed, 04/27/2011 - 00:31 | 1210222 nmewn
nmewn's picture

"Hey, I was offered $250,000, what would you say to that? Have you ever made that amount in a year? 

You seem rather impressed with yourself over such a small amount...LOL...is this the most you ever made in a year?

"Just because I am a socialist does not mean I don't know how to play the game...."

Just so we're clear...you are my enemy and an enemy to all mankind you socialist prick.

Wed, 04/27/2011 - 00:56 | 1210254 Flakmeister
Flakmeister's picture

I am enemy to no one, I only take advantage of oppurtunities...

BTW, you didn't say whether you have ever made $250,000 in a year, or whether you have ever crossed your county line... Do you even have a passport? Do you know what one is?

 

Wed, 04/27/2011 - 08:39 | 1210845 nmewn
nmewn's picture

"I am enemy to no one, I only take advantage of oppurtunities..."

Yes you are, you festering sore on the body politic...and I would have thought your local indoctrination camp would have taught you proper spelling.

"BTW, you didn't say whether you have ever made $250,000 in a year, or whether you have ever crossed your county line... Do you even have a passport? Do you know what one is?"

I didn't know I was compelled to answer personal questions, posed by a fucking euro-trash socialist, in a public forum...LOL...so, you know the rest, fuck off, talk to my lawyer, he stays on retainer...that should tell you all you need to know about me douchebag.

Wed, 04/27/2011 - 17:14 | 1213673 Flakmeister
Flakmeister's picture

Pretty clear to me that you are in over your head here... I'll take your last message as a concession. Sorry, till next time....

Wed, 04/27/2011 - 20:36 | 1214328 nmewn
nmewn's picture

Coming in on a dead thread to claim some sort of "victory" that hasn't been won in the heat of battle is what we all would expect of a socialist cockroach...and its pretty clear to me you stuck your head through the noose with your very first post;

 "By ZH standards, I am raving socialist and I take serious umbrage about your alledged understanding of the role of the state and how you think that socialists see things."

You are, in fact, a raving socialist by anyones standard. You went on from there to prove it.

I took the liberty to embed your responses within my replies for posterity's sake ;-)

Socialists, as you have posited in your own words, are really all just about themselves, not a better society or individual happiness or some pristine idyllic principle, their (your) only desire is to have the state pick up the tab for the less fortunate of society as they (you) amass individual wealth.

Which of course leads to the financial ruin of the state.

Until I have the opportunity to rip your ass a new one again...

Wed, 04/27/2011 - 20:47 | 1214376 Flakmeister
Flakmeister's picture

You know nothing about which you speak...you have added nothing of substance and not even attempted to refute my statements. You have only thrown out lame ad homenim attacks. I'm sorry but you loose. If you care to debate the facts, I will gladly in a new thread. I warn you that your ass will sting...

Wed, 04/27/2011 - 21:50 | 1214548 nmewn
nmewn's picture

"you have added nothing of substance and not even attempted to refute my statements."

Have you made a statement of any substance?

"I will gladly in a new thread. I warn you that your ass will sting..."

Drag yourself out of your egotistical stupor and name the thread you wish to discuss the finer points of your beloved socialism...I'll check back here at 07:30 to find out which one to find you on my dear.

Until then ;-)

Thu, 04/28/2011 - 07:30 | 1215164 Flakmeister
Flakmeister's picture

I am fairly busy this morning....check the threads in the afternoon..

Thu, 04/28/2011 - 08:05 | 1215213 nmewn
nmewn's picture

And there I was...

Standing at the county line train station, fanning myself with my passport in hand...

Awaiting the Socialist Express to nirvana which would surely be there...

The antennaed travel agent said it would be the trip of a life...

For he had proclaimed the love of a wife...

He had assured her that the making of 250k, no matter how trite, would make it all right... 

No thought was given to the taxes that were owed...

Too many complications...nary a mention of value, for the labor of this toad...

For he was blind as he grasped his papery, thorny thistle...

And as the train blew by with barely a whistle...

I heard the agent say hey!...can I offer you some gristle.

Tue, 04/26/2011 - 18:00 | 1209348 malek
malek's picture

Excuse me, but what they paid into the medicare and social security systems is completely irrelevant now in those pay-as-you-go systems. However they, as everybody else, could see it coming for 40 years that there would not be enough Gen X'ers to pay all the boomer retirement claims. They ignored it. Now they will have to take the consequences.

Tue, 04/26/2011 - 14:43 | 1208581 CH1
CH1's picture

Pluck it from the boomers... by TAXING???!!! And you think we'll benefit from that somehow?

The Boomers may indeed suck, but no one is worse than the tax-skimmers.

Please, hang round here for a while and open your mind.

Tue, 04/26/2011 - 15:29 | 1208739 Bicycle Repairman
Bicycle Repairman's picture

Dude, who do you think the boomers are leaving the $$ to, other boomers?

Tue, 04/26/2011 - 18:13 | 1209399 malek
malek's picture

Which dollars? The change left after the cruises around the world, the "gated community with a golf course" house in AZ (only for the winter), the meditation courses and the rest are paid?

And don't forget the piece of the federal debt runup they will leave to their heirs.

Wed, 04/27/2011 - 11:17 | 1211739 Bicycle Repairman
Bicycle Repairman's picture

Either you want to tax away your inheritance, or you insist there will be none.

Which is it?

Wed, 04/27/2011 - 15:18 | 1213006 malek
malek's picture

Tax away the inheritance? Where did I write that??

If you are referring to the federal debt, it will be taxed on future generations, but as a general inflation tax and lesser payouts. Inheritance taxes will not play a big role, if any at all.

Tue, 04/26/2011 - 15:49 | 1208815 WonderDawg
WonderDawg's picture

Inherited money shouldn't be taxed at all, it's already been taxed, when the wealth was earned. Capital gains on what's inherited, sure (I guess, though I don't agree with that either, as I believe the FairTax is the best plan), but what entitles the government to lay claim to any portion of my estate? What right does the government have to claim what I have built for future generations in my family? Inheritance and estate taxes are 100% complete and total bullshit. My wealth, after I've already been taxed as I've earned it, belongs to my family or to whomever I choose to leave it, not the greedy government leeches.

 

Tue, 04/26/2011 - 17:21 | 1209225 FeralSerf
FeralSerf's picture

Inherited wealth is the major problem.  Were it not for TPTB (or Power Elites) that got that way by their inherited wealth, there would be no banksters or their ilk and there wouldn't be the bought and paid for politicians.  There would have been no Fed or Jekyll Island.  There would have been no (powerful) David Rockefeller.  Etc.

A much fairer system, for the proles at least, would be a 100% inheritance tax.  When you die, the state gets all of it.  There would be no exemptions for gifts to foundations, religious organizations, etc.  This would be the only source of funds for the state.  Your kids would get their educations and maybe a car or two from you.  They'd have to work for the rest.  It wouldn't do you any good to save in your later years, so you might as well have a good time.

Just because money has already been taxed once does not mean that it's ineligible to be taxed again.  There's lots of examples of this.  My income is taxed.  It is then taxed again when I buy something.  If that something is a car, it is taxed over and over again, etc.

I expect to be junked for this proposal.

Tue, 04/26/2011 - 17:50 | 1209296 BKbroiler
BKbroiler's picture

Inherited wealth is the major problem

+100%

At least someone here gets it.  But since this country is filled with idiots, they just have to call it a "death tax" to get people to vote against it.  If they called it the "dad was a millionaire so I get to be also" tax, we might have a shot.

Tue, 04/26/2011 - 18:06 | 1209373 GeorgeHayduke
GeorgeHayduke's picture

No junking from me.

You've described how are now sitting in our current oligarchy. The irony is the peons who will do anything to protect their owners, only because they fantasize that they too will one day be part of the upper 1% club. Yeah, just like all the young girls in this country are princesses thanks to Disney.

Have no fear peasants, there's no way such a law will pass unless there's a revolution in this country. There have never been any such laws that really hurt the upper 1% in the past 40 years, if not long. i know that wingnut media generates a lot of bluster at the possibility of threats, but all of the politicians are owned and it will never happen.

Tue, 04/26/2011 - 20:17 | 1209704 WonderDawg
WonderDawg's picture

I'm definitely not in the top 1%, not anywhere close, probably not in the top 5%, but what the fuck has that got to do with anything? My wealth is my wealth, to do with as I please. What gives the state or federal government the right to my wealth when I die? Under what form of government does this make sense? Socialism? Fuck that. I earn it, I pay taxes on it, and I should be able to do with it as I please. Just because I'm currently taxed more than once on my earnings, doesn't make it right to tax it again when I die. Total bullshit.

Fuck socialism and socialists.

 

Wed, 04/27/2011 - 06:54 | 1210612 MadeOfQuarks
MadeOfQuarks's picture

If I understood it correctly, the estate tax will only impact estates worth several million, so you should get off.

Wed, 04/27/2011 - 09:17 | 1211036 WonderDawg
WonderDawg's picture

Probably so, but even if it doesn't affect me or my family personally, it's still bullshit. What gives the state entitlement over the family, or the right of the dying person to choose how his/her wealth is distributed? It's a socialist law, and I'm not a proponent of socialism. And besides, who gets to set the arbitrary number on the amount to be taxed?

Sorry, just not into the socialist mindset.

 

Tue, 04/26/2011 - 13:37 | 1208315 gwar5
gwar5's picture

The Unforgiven:

"I don't deserve to die like this!" USD.

"Deserving's got nothin' to do with it...," Gold.

Tue, 04/26/2011 - 13:42 | 1208318 whstlblwr
whstlblwr's picture

Premise is wrong, not small group of elite. Too complicated, but now election law favor donations to politicians who do large donor bidding, mostly in favor of big corporations. Big Wall Street, Big pharma, Big agriculture, you name it.

Very discouraging, everyone running President now is inadequate. Mitch Daniels I thought first okay, he talks shrink debt, but only to help out rich friends. He also corporate whore. Only politician not bought and paid for is Trump because he does buying. Sucks. Comeon ZH readers someone step up.

Tue, 04/26/2011 - 13:59 | 1208410 traderjoe
traderjoe's picture

Why should 300 million people be ruled by one person? And no, I don't think the President has any real power...

Tue, 04/26/2011 - 16:43 | 1209076 velobabe
velobabe's picture

this current nigger prez is CIA†

Tue, 04/26/2011 - 18:13 | 1209397 FeralSerf
FeralSerf's picture

CIA runs in his family -- mom, dad, grandparents, probably adopted father too.  He's just taking his place in the family business.

The CIA wanted to make sure there wasn't any more loose cannons like JFK in the Oval Office.  Their "nigger" being there, with all the lack of constitutional qualifications to stay there if/when he stops being useful, is the successful culmination of the efforts of the Dulles Gang and their criminal pals.

The Republic is just an illusion.  Ditto for elections.  All you learned in Civics class is bullshit and nonsense.

Tue, 04/26/2011 - 16:25 | 1208974 whstlblwr
whstlblwr's picture

I didn't have time and obviously not read this article carefully, only header. Thinking this was Outlaw Josey Wales section about the small group elites who pull the strings of puppet politicians. Re-think that. Yes, boomers fucked up, they even had period of 60's and fucked up, but then what, what is the plan? You just say wait for collapse and wash your hands?

Tue, 04/26/2011 - 16:50 | 1209109 gmj
gmj's picture

This is the curse of a democracy with universal suffrage.  Half of those who vote have neither education nor intelligence.  Their brains are only large enough to hold a few buzzwords and slogans.  They are easily controlled.  

Democracy only works when it doesn't matter what decision is made.

When nations are rich and there are no threats, democracy is great.  In more stressful times, democracy will lead to the unravelling of the state.  This is what we face now.

So what if some ZHer or some other smart person tries to lead?  The message will be pessimistic, won't it?  It will involve sacrifice, won't it?  So the sheep will not follow.  Pure democracy contains the seeds of its own destruction.

Tue, 04/26/2011 - 17:13 | 1209196 LFMayor
LFMayor's picture

excellent point.  Could we fix it with a Heinlein-esque "service for vote privledges" set up, (like in Starship Troopers. the book, mind you.)?

Or mix in taxes?   If you don't pay income or property taxes, you don't vote, since you won't be cutting yourself to donate blood?

As for the sheeple.  they're only human, and we're technically all one.  It's just that our comfort level isn't great enough to lull us to sleep, or you have greater expectations or goals from life that what you're currently experiencing.  If you were dumber, fatter, happier and supplied with most of your wants, you might find the siren's call appealing, too. 

I'll pull a Sangar and throw this out, so all the do good hand wringers and anti-bullies can junk me... IQ probably has a lot to do with whether a person is a sheep or not.

Tue, 04/26/2011 - 17:47 | 1209283 whstlblwr
whstlblwr's picture

No, people waking up. Have you been to grocery store, or mechanic they all talk about fucked up America. Who you think reads this blog, cross section. Raise your hand if you sheeple? (I rose hand) The message is optimistic for future, roll up sleeves message. People just need right leader, can feel it, people ready for change. How many people you hear talk of balancing own check book, and government should run like budget careful house. It's why teaparty elected last time. People sick of spending, out of control government, fraud, wall street benefits on taxpayer back.

But now harder that wall street got millions, of course people all say what about my millions. Now it okay for bankers to talk of debt reduction that they got taken care of.

First we put corrupt bankers in jail, then we self-sacrifice for tomorrow, then we can handle it.

Tue, 04/26/2011 - 18:17 | 1209414 FeralSerf
FeralSerf's picture

“Who gives a flying fuck what the polls say,” he screamed at a recent strategy meeting. “I’m the President and I’ll do whatever I goddamned please. They don’t know shit.” -- George W. Bush

"Those who vote decide nothing. Those who count the vote decide everything." - Joseph Stalin

"Political power grows out of the barrel of a gun. "
Mao Tse-Tung
(As JFK and his brother found out the hard way.)

"None are so hopelessly enslaved as those who falsely believe they are free." Johann Wolfgang von Goethe

Tue, 04/26/2011 - 13:38 | 1208319 apberusdisvet
apberusdisvet's picture

The boomers will be the first ones in the lifeboats disguised as women.

Tue, 04/26/2011 - 21:51 | 1209903 aka_ces
aka_ces's picture

Foxey !

Tue, 04/26/2011 - 13:40 | 1208330 Trial of the Pyx
Trial of the Pyx's picture

Feel lucky punk?

Tue, 04/26/2011 - 13:42 | 1208331 Nostradumbass
Nostradumbass's picture

I'm definitely looking forward to the 4 part series Tyler!

While the following theory may not be realized... still, it is a frightening/fascinating thing to consider :  http://jayhanson.us/page125.htm

Tue, 04/26/2011 - 16:38 | 1209044 gmj
gmj's picture

Why do you doubt that it will be realized?  How can it not be realized?  The evidence is all around you, hammering you over the head.  It is mathematically inevitable.  The human race has completely failed to plan long-term.  Blame it on normalcy bias.  Even scientists can hardly imagine the end of our comfortable life style.  If population had been controlled, this golden age could have been greatly prolonged.

Tue, 04/26/2011 - 23:45 | 1210162 FeralSerf
FeralSerf's picture

The population is being controlled as we post.  Haven't you heard about Fukushima?  The planet's owners have determined that the maximum allowable number of sheep that can be tolerated (and utilized) is about 100 million.  They're working on it, bless them.  Rome wasn't built in a day, ya know -- should take about 50 years or so.

Good news is Rothschilds, Rockefellers, Kochs and Cheneys will be able to hunt pheasants without too much competition.  Bad news is our genes may not be replicated in the next generation.

Wed, 04/27/2011 - 01:03 | 1210262 gmj
gmj's picture

Well, I wish they had gotten their butts in gear a little earlier.  The damage is pretty much done now.

Wed, 04/27/2011 - 02:01 | 1210332 Real Estate Geek
Real Estate Geek's picture

Damage?  Tis but a scratch, on a long enough timeline.  The planet's going to be just fine.  It's bounced back from two or three global extinction events so far, and it will do so again.  The Sun will be on main sequence for a looooong time.

We, on the other hand, are fucked.

Tue, 04/26/2011 - 13:42 | 1208337 falak pema
falak pema's picture

I believe that all people over fifty and under sixty six should be sent to treasure island to dig their own graves. Like stranded outcasts. I would unfortunately be one of them. 

As somebody famous once said...I prefer going down below rather than high up above.

As the company would be much more interesting down below, even if its a lot hotter!

 

Tue, 04/26/2011 - 13:45 | 1208339 TheFourthStooge-ing
TheFourthStooge-ing's picture

Recommended solution: Hang 'em High

 

Tue, 04/26/2011 - 13:49 | 1208357 Strategery
Strategery's picture

Maybe so, but what are you going to do about it. The article is an observation and indictment only. So, are you going to sue a generation in a class action? This is an interesting historical piece, but of no value to our current condition. Yes, we can do something about politicians and the Fed, but not about generations. Don't waste my reading time with history unless it is part of a potential solution.

Tue, 04/26/2011 - 14:06 | 1208437 Missiondweller
Missiondweller's picture

No, but we can call bullshit on them, then as k them to finally "grow up".

Tue, 04/26/2011 - 14:41 | 1208574 EvlTheCat
EvlTheCat's picture

Maybe you should hold your criticisms until the other three pieces have come out?  It clearly stated in the opening as to what to expect in the article.  I don't think the author intends to give us any solutions.

For a Few Dollars More will address the Baby Boomer impact on America’s decline.

Maybe in the absence of any revelations from the author, you might consider sharing your ruminations on how to fix the economy?

Tue, 04/26/2011 - 23:47 | 1210168 FeralSerf
FeralSerf's picture

A strange request from one that calls him/herself "I'm Soylent Green".  With all the corn going to ethanol, there's a shortage of chicken feed.  Get the drift?

Tue, 04/26/2011 - 13:51 | 1208360 gordengeko
gordengeko's picture

Hey leave me outta this.lol  Hopefully Jim, you address that little pyramid symbol on the back of said dollar.  Surely you don't believe the "baby" boomers are the 'eye' on top.

Tue, 04/26/2011 - 13:56 | 1208391 Jim Quinn
Jim Quinn's picture

Part 2 addresses the Creature from Jekyll Island and the banking cartel that is behind the raping and pillaging of the country.

Tue, 04/26/2011 - 14:02 | 1208418 gordengeko
gordengeko's picture

Pretty deep rabbit hole.  Looking forward to it.

Tue, 04/26/2011 - 13:59 | 1208394 Jim Quinn
Jim Quinn's picture

Part 2 addresses the Creature from Jekyll Island and the banking cartel that is behind the raping and pillaging of the country.

Tue, 04/26/2011 - 14:13 | 1208464 cartonero
cartonero's picture

Now you're getting close.  How many boomers were at Jekyll Island?

Tue, 04/26/2011 - 15:33 | 1208748 Bicycle Repairman
Bicycle Repairman's picture

Perhaps they were reincarnated as boomers.  Makes as much sense as the rest of the article.

Tue, 04/26/2011 - 16:26 | 1208987 Jim Quinn
Jim Quinn's picture

Hey Bikeboy

Showing up for another thrashing?

 

Tue, 04/26/2011 - 22:20 | 1209979 Bicycle Repairman
Bicycle Repairman's picture

A thrashing?  From you?  Your freakin' shoe size is higher than your IQ.

Tue, 04/26/2011 - 15:40 | 1208782 flattrader
flattrader's picture

+1M

But, really don't bother trying to teach him anything.

Just smack him like the stupid, whiney little baby he is.

Tue, 04/26/2011 - 13:57 | 1208397 Jim Quinn
Jim Quinn's picture

Part 2 addresses the Creature from Jekyll Island and the banking cartel that is behind the raping and pillaging of the country.

Tue, 04/26/2011 - 13:48 | 1208364 Commander Cody
Commander Cody's picture

Kiss my boomer ass fucktard.  Like a whole generational thing is responsible for blowing up the financial world.  Want to create generational fights, bring it on MF.

Tue, 04/26/2011 - 13:59 | 1208395 bothsidesnow
bothsidesnow's picture

+ 200 Trillion let's hook it up with these little video game weasels. So brave let's fly a a drone and kill people. Real brave you little turds.

Tue, 04/26/2011 - 14:29 | 1208539 SoNH80
SoNH80's picture

You remind me of my father.  All bluff, bluster, then nicey-nicey when he begs me to pay his (second) mortgage arrearage.  Spent his 40s and 50s pissing away his money on conspicuous consumption, now he's broke.  He didn't step up to the plate with the tuition money when I was a sprout in college.... but is very skilled at grovelling for my life savings.  The Boomers are locusts, they're going to eat everything before it's all over.  Gen X, the fucked generation, that's us.

Tue, 04/26/2011 - 14:38 | 1208558 SoNH80
SoNH80's picture

Oh and yeah, my largest beefs with the boomers are: (1) making college absurdly expensive (funny how hippie moonbat boomer academics did that??) and the affiliated student loan racket, sucking the air out of the younger generations' budgets, and (2) the boomer mania for imported goods that spread in the '80s.  "Oh god, you drive an AMERICAN car? You have an RCA TV?  How plebian."  Yeah, let's send everything to Asia, that'll work hardy har har.

Tue, 04/26/2011 - 16:24 | 1208991 Misstrial
Misstrial's picture

+1M

~Misstrial

Tue, 04/26/2011 - 16:42 | 1209064 Alienated Serf
Alienated Serf's picture

Angry indebted genXers are our only hope.

Tue, 04/26/2011 - 15:06 | 1208642 MachoMan
MachoMan's picture

grandpa, I'm not sure what youngster you think is going to fight your battle for you, but this one will embarrass you if given the slightest motivation.  I strongly suspect I am not alone... 

I also suspect that the boomer generation will hang their saver parents out to dry, squandering their savings, and defaulting upon their entitlements...  then, it will give them some breathing room from the two-front generational battle.

You call us video game weasels and turds, but you fail to address the structural issues you imposed upon us to take these positions...  Do you posit that the youth banded together to wage a war of aggression on brown peoples the world over in the hopes of securing a dollar bid with strong armed oil?  [ghadafi's skin bleaching aside].  That we desperately wanted to educate ourselves to think deep thoughts about being unemployed?  What you fail to understand is that we are figuratively and literally your product...  and so is our plight.  Any success achieved is likely on the backs of successful parents/guardians, government largesse, and/or sheer determination + skillfully navigating an incredibly difficult environment + luck [and, given the relative odds, the last of the bunch is a virtual impossibility].

While I agree it is unfair to generalize an entire generation, what mechanism do you propose allows everyone to differentiate you from your peers?  This is why the Bill Grosses of the world decide to speak out before the collapse in the hopes of gaining at least a semblance of goodwill.

Tue, 04/26/2011 - 14:08 | 1208436 dogbreath
dogbreath's picture

the boomers were bought when their minds were still young and impressionable.  Enough of the boomers bought into all the entitlement programs that along with corporate welfare are now sinking the ship.  in canada its worse because health care is now the biggest cost to governments who must tax or borrow to pay the bill.  If a politician dares to propose cutting healthcare funding the howls of outrage that ensue and the socialists make political hay. 

Everyone enjoyed the free ride and the boomers have ridden it the most.  The boomers parents saw the 30's and 40's. 

 

 

 

Tue, 04/26/2011 - 14:09 | 1208461 Fernley Girl
Fernley Girl's picture

What he said.  TYVM, Commander.

Tue, 04/26/2011 - 13:50 | 1208367 X. Kurt OSis
X. Kurt OSis's picture

Blondieee!!!!!

Tue, 04/26/2011 - 13:52 | 1208368 P-K4
P-K4's picture

Mr. Banzai, " A Few More Baliouts" has stolen the blog ...once again. Nice work !

Tue, 04/26/2011 - 13:51 | 1208371 espirit
espirit's picture

Better make it a 6 part series, you left out "The Good, the Bad, and the Ugly".

Tue, 04/26/2011 - 13:55 | 1208375 Thunder Dome
Thunder Dome's picture

If you are a baby boomer and are not absolutely flush with wealth, you better have a damn good excuse. 

Tue, 04/26/2011 - 16:54 | 1209131 falak pema
falak pema's picture

an honest boomer is one who is not rich...he worked and didn't jerk off on the WS bubble.

Tue, 04/26/2011 - 18:20 | 1209421 malek
malek's picture

A honest boomer would have enough wealth to live through retirement mostly on his own money. Or instead has raised a number of well educated kids which know how to apply critical thinking.

Wed, 04/27/2011 - 01:34 | 1210299 Ride30B430
Ride30B430's picture

So true!  

Are you staying that they lived within their means?  Maybe they instilled good values in their children and wanted them to do better? 

Tue, 04/26/2011 - 13:52 | 1208376 DoChenRollingBearing
DoChenRollingBearing's picture

So we're all Bounty Hunters now...

Do NOT follow this link or you will be banned from the site!