And what did we get for that? Oh, just stuff like the Interstate Highway System, the Internet, the end of polio, the space program (which paved the way for other stuff like satellite communications), small stuff like that. The list goes on and on.
I never denied they built that stuff. I just said they built it with money they borrowed from their children (i.e., debt).
Yes, you have highways. And $14 trillion in debt. We're supposed to say "Thanks" for the highways, and ignore the debt that comes with them?
As for the stock market, there have always been booms and busts
It's my understanding that the current decade of flat returns is unprecedented. As was the 2-3 decades of steady average 12% returns that the Boomers enjoyed from the 70's - 2000.
So build your own infrastructure and let the old stuff crumble. OR DO WITHOUT IT. Again, you use stuff another generation built, and now you resent having to pay for it's maintenance. Okaaay....
I never said I resented paying for the maintenance. I said I resented having to pay for the original system, AND the maintenance.
Sure, the Boomers built it. But if their kids have to pay for it, AND the maintenance (and any necessary replacements), then what exactly did the Boomers do, other than pay themselves with their own kids' money?
The point is, things are what they are today. What do we do about it, besides whine?
How about, "nothing?" Why can't we just do the same thing every generation before us did, and do nothing? Just keep doing what we're doing? Why, after 1,000's of years, is it suddenly incumbant on Generation X to be the first generation to make meaningful sacrifice, in the name of preventing some nebulous, far-off catastrophe that a) might never actually happen, or b) might have happened anyway, as a natural part of Earth's climate cycle?
As I said above, try living without what the Boomers created. Join the Amish if you resent what they've done.
I'm glad they built what they built. I just wish they'd paid for it instead of building it with money borrowed/stolen from their children.
My point is that you've profited handsomely in many ways from the Boomers' achievements.
And MY point is that the Boomers profited handsomely from borrowing money from their children, which stimulated the economy and produced that decades-long run of 12% market returns that we'll never see again in our lifetimes. So they gave themselves jobs building all this stuff, which created a frothy economy which boosted their investments and made them rich. Sure, we're inheriting the highways, but they also stuck us with the tab.