I promised more commentary and less self-indulgent reflection, so here we begin.
If you’ve been around the alt-right blogosphere/manosphere for a while, you’ve probably already somewhat familiar with the way the boomers have screwed over their own children in almost every way possible and how they have chained them to perpetual debt slavery.
Yes, that link to Mark Steyn did say the US owes 911% of GDP. In other words, Americans owe 9 full years of productive activity and the growth in debt shows no sign of slowing, which means the boomer’s children and grandchildren will likely spend a significant portion of their lives paying for the boomers’ excesses.
Thankfully, I live in Canada and despite Trudeau’s best efforts we have managed to avoid the worst excesses the US has subjected itself to, even thought the situation is not optimal. (I “only” owe about $17,000 in federal debt, while our pension system is actually somewhat funded, more or less).
Anyway, it seems Germany (which, as far as I know is in a fairly similar situation to Canada) will be having a problem funding its welfare state and benefits for the old (surprising, I know).
So, what are they doing to fix this?
Reducing the welfare state?
Decreasing regulation to create prosperity?
Putting back the retirement age as Canada is doing?
Of course not, that would be silly. They’re taxing the young, of course. Who could possibly want to leave their children and grandchildren better off than they are?
So, it seems Germany has explicitly decided to eat their young.
Germany’s boomers forgot to have children (where did life go?), now they realized that without children no one is there to pay for their health care when they become aged invalids (who could possibly have guessed?), so, why not take it out ofon what few children they did have.
Also, notice how their solution to a lack of a young workers to make up a tax base, is to work towards trying to drive away that same tax base. That’s sure to work.
Anyway, for those young Germans out there out there who want to work hard, keep their earnings, and be somewhat free, come to Canada; for now, we’re a bastion of near-sanity.
Expect more in future.