AKA: Trickle Down Theory And Other Fairy Tales
“When I was your age, I *worked* and *saved* for school, a home and a jacuzzi. You lot are spoiled and lazy. Get a job instead of complaining all day.” – Baby Boomer Logic
Trickle Down Theory – If you reward the most successful members of society (corporations & the rich) via tax breaks and friendly laws, the subsequent benefits will reach all sectors of life. The benevolent Successful Class will reinvest their savings, create more jobs, grow their companies and spend money in your local coffee shop. They’re gonna make it rain y’all!
This experiment started in the 80s and is as flawed today as the initial opposition expected. THIS IS GRADE-A BULLSHIT. Today’s politicians claim that begrudging this unbalanced system is Class Warfare (OH NOES). It’s warfare alright, but Class has nothing to do with it. It’s Generational Warfare.
That’s right, blame old people. I fucking said it. Baby Boomers are currently in charge – from leaders of major corporations to influence-peddlers to most heads of state, they echo their Boomer values: pull yourselves up by your bootstraps and work for your own success. Solid idea. However they forgot one crucial detail: opportunity. They grew up in an economic paradise : the post-war world in the 50’s was a time of cheap higher education, affordable healthcare and a veritable buffet of jobs. University didn’t cost a limb, you didn’t need 3 years slaving at Starbucks to pay off tuition, nor did the title of Head Barista seem like the only career option in a world where teens and seniors competed for the same damn job. Boomers literally tripped over employment options after graduating, and once you worked for The Company, The Company took care of you. A small town nobody could become a Big Shot, and quite often that is exactly how it went. Kudos. Hell, with opportunities knocking on your door like Jehovah’s Witnesses, even a complete moron could become President.
Boomers developed a misguided belief that their success came purely from their hard work, business savvy and innate superiority. Never experiencing the hardships their Nazi-killing parents endured during the Great Depression, they developed a sense of entitlement from their overblown exploits in a Time of Plenty. Nobody did me favors, I pulled myself up by my bootstraps. There’s a good fucking reason they’re called The Clueless Generation. They grew up in Paradise but convinced themselves it was a Trial by Fire.
What did they do with their bounty? In their capacity as CEOs & Presidents & VOTERS, they made it harder for upcoming generations to attain the same heights. They spent their entire lives believing in their personal prowess and grew a selfish streak we are paying for to this day. Imma get what’s mine bitch. They took their misguided self-confidence and built barriers for others. They used their positions of power and influence to reshape the law to benefit ONLY THEMSELVES. Cost of education skyrocketed, so enjoy your crippling debt. Tax laws were remoulded to favor the Top and squeeze the Middle, so we bail them out after they lose OUR money. The MAJORITY of wages stagnated and the needs of corporations superseded the national interest of every country. This self-centered philosophy is why 99% of the planet is suffering through an unrelenting recession. It is now harder than ever to move from one economic class to the next (class mobility), unless you’re heading downwards.
But their argument remains – If they could do it all on their own, so can you. With fewer opportunities. And less education. Oh and fuck health insurance, privacy and basic freedoms (SOPA anyone?)
I cannot wait for this generation to go extinct.