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Forget A Universal Basic Income. Instead, Pay Married People To Have More Babies

Discussion in 'GatorNana's Too Hot for Swamp Gas' started by philnotfil, Jan 19, 2021.

  1. maxgator

    maxgator VIP Member

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    Or even those well adjusted kids that surprise everyone later on by actually being really good people. Too much shit parenting.
     
  2. gator10010

    gator10010 GC Hall of Fame

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    Once all the baby boomers die then this will no longer be a problem.

    Unfortunately, the end of life care costs for the baby boomers will probably break the American economy....lead to a decade or so long depression (yes depression, not recession)...think black and white pictures of the great depression, except this time those pictures will be in color and on Facebook, you know to "document your life"......and then we will work out of it.

    Generation X isn't big enough to matter and the Millennials will spend 20 years, or more, paying off the baby boomers life long over consumption and lack of savings.

    Having babies now won't fix the immediate problem on the horizon.
     
  3. WESGATORS

    WESGATORS Moderator VIP Member

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    Over 20,000 children that don't have permanent homes in FLORIDA. I have a hard time reconciling that with the suggestion that people should have more kids. If the argument is not an either/or, then I think the challenge would be in how you only promote having children so that there won't be more left behind.

    Go GATORS!
    ,WESGATORS
     
    • Agree Agree x 1
  4. wgbgator

    wgbgator Premium Member

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    The unstated implication here is that people from subsequent generations wont have the kind of life expectancy boomers enjoyed. People are having less children and living shorter lives for very material reasons. The quality of life and economic power boomers enjoyed is disappearing.
     
  5. gator10010

    gator10010 GC Hall of Fame

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    Actually the life expectancy is increasing.

    U.S. Life Expectancy 1950-2021

    The quality of life and economic power would be just fine if the boomers would just die faster and not run up end of life care costs. Statistically this won't happen though.

    Gen Xers and Millienials will live just as long if not longer than Boomers, the difference is this "economic power" Boomers "enjoyed" was all on credit and Millennials will be the largest generation picking up the tab for the Boomer's lifestyle.
     
  6. wgbgator

    wgbgator Premium Member

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    Charting The Growing Generational Wealth Gap

    Boomers and older account for 70% of household wealth last year. That's not from 'living on credit' man, that's from having your peak working years come during a time of unprecedented prosperity, historically high wages, college affordability & job opportunity. Not to mention the sort of longevity to keep working well into old age. They control wealth because they didnt have to finance themselves to the gills to achieve a modicum of lifestyle & property acquisition during their peak years.
     
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  7. PD

    PD GC Columnist VIP Member

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    We need to pay married people and unmarried people NOT to have babies. But only if we want life on earth to be sustainable in 60 years or so. Judging from voting habits, there’s a big chunk of America who oppose life on earth as a going concern...only after they’re dead, of course.
     
  8. tarponbro

    tarponbro GC Legend

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    How about this idea? Increase the amount of work visas so these jobs can be filled. Make sure the people here on work visas pay taxes too. The solution does not have to be very complex.
     
  9. gator10010

    gator10010 GC Hall of Fame

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    If Baby Boomers made so much money and are so great with their money how come as of 2019, 45% of Baby Boomers had no savings?

    Older Americans expect retirement to be blissful, but they may be way off the mark.

    From the article

    "According to data from the Insured Retirement Institute in 2019, about 45% of baby boomers surveyed had no savings."

    It's a mathematical fact that Boomers are going to break the system
     
  10. wgbgator

    wgbgator Premium Member

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    What "system" are they breaking?
     
  11. philnotfil

    philnotfil GC Hall of Fame

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    • Funny Funny x 1
  12. gator10010

    gator10010 GC Hall of Fame

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    One day when they are old and their end of life care is expensive they're going to break the American economy.

    Look at the population numbers, look at the lack of savings by baby boomers, look at the inverted population pyramid from Boomers to Millennials, look at the expense of end of life care and then ask yourself who's going to pay for all that?

    It's obvious that it won't be the Baby Boomers paying for it.
     
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  13. wgbgator

    wgbgator Premium Member

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    Cool, the boomer's final act will be to destroy the capitalist system. I thought it would be something bad.
     
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  14. gator10010

    gator10010 GC Hall of Fame

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    Nice pivot from claiming Boomers will live longer than anyone else and Boomers have been superior at making money and saving money.
     
  15. gatorknights

    gatorknights GC Hall of Fame

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    I would be happy to get paid to procreate, assuming it would be possible. I might need a medical stipend for business supplies. ;)
     
  16. philnotfil

    philnotfil GC Hall of Fame

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    Plus the 15-ish% with a public pension plan. Now are up to 53% who shouldn't need any savings for retirement.

    This will quickly change for younger generations as pensions have mostly disappeared, but many boomers don't need to have any savings. The report was fun to read, a masterpiece of stirring up fear and simultaneously offering that hiring a financial adviser will protect retirees. I'm guessing the Insured Retirement Institute is an organization run by financial advisers.
     
  17. gator10010

    gator10010 GC Hall of Fame

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    Stanford University disagrees with you.

    "A study at Stanford University found the baby boomers have, in real terms, about 20 percent less in savings, 20 percent lower household wealth and 100 percent more debt than the generation born during World War II."

    Yet another impeccable source

    https://www.washingtonpost.com/business/2020/05/04/baby-boomers-retirement/

    Not to worry, when Boomers show early signs of catching the train, my plan is to cover them in honey, hand them a ham and tell them to go play with the bears in the forest.....you know to help speed up the process.
     
  18. philnotfil

    philnotfil GC Hall of Fame

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    I was just running with the numbers in the source you provided. If you thought they had it wrong, why did you post it?
     
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  19. NavyGator93

    NavyGator93 GC Hall of Fame

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    If you loved your country, you would get it reversed. ;)
     
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