Seniors get a $6000 bonus exemption

9,220 Views | 145 Replies | Last: 1 mo ago by halfastros81
ttu_85
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No Spin Ag said:

ttu_85 said:

No Spin Ag said:

Rossticus said:

No Spin Ag said:

And the rest of us?


Bend over and I'll show you what we get.

So, same as it ever was.

Yet again, thanks, Boomers.


Hmmm, I figured you were a retired boomer given you post alot during business hours. Maybe you should stop blaming others and get a good day job.

The beauty ot having a good day job is being able to make more money than I'll ever need, even after spending money like water, while being able to post on here whenever I want.

It really is easy to have it all if you put the work in when you're young, that is.

So true !!. So why doesnt your economic related posting reflect this? People that are envious are rarely successful. You seem to be an exception to the rule. In your place I'd be very grateful.
Ferg
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We are taxed on our Social Security contributions throughout our work lives, so at least half (not the employer part) of the tax on Social Security payments is double taxation.
No Spin Ag
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ttu_85 said:

No Spin Ag said:

ttu_85 said:

No Spin Ag said:

Rossticus said:

No Spin Ag said:

And the rest of us?


Bend over and I'll show you what we get.

So, same as it ever was.

Yet again, thanks, Boomers.


Hmmm, I figured you were a retired boomer given you post alot during business hours. Maybe you should stop blaming others and get a good day job.

The beauty ot having a good day job is being able to make more money than I'll ever need, even after spending money like water, while being able to post on here whenever I want.

It really is easy to have it all if you put the work in when you're young, that is.

So true !!. So why doesnt your economic related posting reflect this? People that are envious are rarely successful. You seem to be an exception to the rule. In your place I'd be very grateful.


I'm very grateful. I'm also very critical of Boomers because so much harm was done either by them or on their watch.
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
BonfireNerd04
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In 1989, people age 70 and older owned 19% of the wealth in this country. Today, it's 32%. Meanwhile, the share owned by under 40's dropped from 12% to 7%.

Source: https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/chart/
SuhrThang
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Splendid! $6000 will buy me a lot of Dennys (discounted for seniors) grand slam breakfast plates.
“A drunkard’s dream if I ever did see one”
MemphisAg1
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No Spin Ag said:

I'm also very critical of Boomers because so much harm was done either by them or on their watch.

... and that is a huge pile of crap. SS was created before boomers were even born, and most of them are now retired. Those that worked paid into SS just like their parents. Many of them were of voting age the last time SS was reformed in the mid 80's to increase retirement ages to strengthen the long term viability of SS.

What has your generation done to improve SS? And those younger than you?

Nothing. Nada. Zilch.

You've had plenty of opportunity to band together and insist that legislators improve the system, but you haven't done it. All you do is point at people older than you and blame them or suggest that they should voluntarily decline their benefits out of some asinine sense of "civic virtue."

Why haven't YOU done anything to improve the situation? The boomers and others at least made a stab at it 40 years ago.
Rattler12
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No Spin Ag said:

ttu_85 said:

No Spin Ag said:

ttu_85 said:

No Spin Ag said:

Rossticus said:

No Spin Ag said:

And the rest of us?


Bend over and I'll show you what we get.

So, same as it ever was.

Yet again, thanks, Boomers.


Hmmm, I figured you were a retired boomer given you post alot during business hours. Maybe you should stop blaming others and get a good day job.

The beauty ot having a good day job is being able to make more money than I'll ever need, even after spending money like water, while being able to post on here whenever I want.

It really is easy to have it all if you put the work in when you're young, that is.

So true !!. So why doesnt your economic related posting reflect this? People that are envious are rarely successful. You seem to be an exception to the rule. In your place I'd be very grateful.


I'm very grateful. I'm also very critical of Boomers because so much harm was done either by them or on their watch.

I'm a Boomer so just what harm did I cause? Have you been paying attention to what's been going on now days on the X's and the Y's watch? Given your monicker you sure seem to spin .....alot.
BonfireNerd04
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MemphisAg1 said:

No Spin Ag said:

I'm also very critical of Boomers because so much harm was done either by them or on their watch.

... and that is a huge pile of crap. SS was created before boomers were even born, and most of them are now retired. Those that worked paid into SS just like their parents. Many of them were of voting age the last time SS was reformed in the mid 80's to increase retirement ages to strengthen the long term viability of SS.

What has your generation done to improve SS? And those younger than you?

Nothing. Nada. Zilch.

You've had plenty of opportunity to band together and insist that legislators improve the system, but you haven't done it. All you do is point at people older than you and blame them or suggest that they should voluntarily decline their benefits out of some asinine sense of "civic virtue."

Why haven't YOU done anything to improve the situation? The boomers and others at least made a stab at it 40 years ago.


The Boomers have had four Presidents. Gen X and Millenials have had zero.
TexAgs23
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91AggieLawyer said:

Furlock Bones said:

CanyonAg77 said:

As a confirmed old fart, I like all the discounts and rebates.

But let's be honest. I don't need them now. I needed them when I was younger and supporting a family.


It's never been harder for young career and family starters than it is now. But let's give the wealthiest class a little extra.

The boomerfare has to stop at some point.


This is just absolute BS. It was plenty hard during the depression and even in years before that. My grandparents were sharecroppers in rural Central Texas until they could finally afford to buy some land in their early 40s. A year later, their house burned. My GF had to quit school, not because he was a hood but because he HAD to go to work and support himself and part of his family. My GM and my dad both finished HS but worked before, during, and well after. Going to college was unthinkable for either one.

In spite of my GF raising cattle when he finally got his land, meat was a delicacy. Meals were often bread, whatever vegis were in season, and 3 or 4 times a week some form of meat. No TV, no phone, little in the way of transportation and forget buying clothes. My GM mended what they wore out.

My parents' standard of living was better but in the 50s and 60s, not by a whole lot. Yeah, they bought houses. SMALL houses that my dad had to do some work on in order for them to get financed. Yeah, houses were cheap, gas was cheap, and utilities weren't that much. But neither were salaries. My dad, a middle manager, didn't make $10K until the early '70s and my mom, a teacher, didn't make that until at least half a decade later. Raising 3 kids on their take home wasn't easy. The side hustle of the day was a second job sacking groceries or maybe tutoring for **** money. There was little to no access to debt and getting a mortgage required giving a whole body's worth of blood.

So yes, it HAS been harder for young "career" and family starters than now. Its just a different kind of hard now. You may not be living large, and you may have to live or work in places you don't want to live or work, but the opportunities are far better today.


POTD
Cen-Tex
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BonfireNerd04 said:

In 1989, people age 70 and older owned 19% of the wealth in this country. Today, it's 32%. Meanwhile, the share owned by under 40's dropped from 12% to 7%.

Source: https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/chart/

Makes sense. Older folks aren't into blowing their paychecks on buying big a** pickups and tattoos.
93MarineHorn
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No Spin Ag said:

ttu_85 said:

No Spin Ag said:

ttu_85 said:

No Spin Ag said:

Rossticus said:

No Spin Ag said:

And the rest of us?


Bend over and I'll show you what we get.

So, same as it ever was.

Yet again, thanks, Boomers.


Hmmm, I figured you were a retired boomer given you post alot during business hours. Maybe you should stop blaming others and get a good day job.

The beauty ot having a good day job is being able to make more money than I'll ever need, even after spending money like water, while being able to post on here whenever I want.

It really is easy to have it all if you put the work in when you're young, that is.

So true !!. So why doesnt your economic related posting reflect this? People that are envious are rarely successful. You seem to be an exception to the rule. In your place I'd be very grateful.


I'm very grateful. I'm also very critical of Boomers because so much harm was done either by them or on their watch.

Your life has been far easier and filled with far more luxuries than the vast majority of boomers had when they were your age. You have access to almost every piece information known to man on your phone. You can hop on a plane and go just about any place in the world for a fraction of what it used to cost. You are spoiled beyond repair.
Waffledynamics
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BonfireNerd04 said:

MemphisAg1 said:

No Spin Ag said:

I'm also very critical of Boomers because so much harm was done either by them or on their watch.

... and that is a huge pile of crap. SS was created before boomers were even born, and most of them are now retired. Those that worked paid into SS just like their parents. Many of them were of voting age the last time SS was reformed in the mid 80's to increase retirement ages to strengthen the long term viability of SS.

What has your generation done to improve SS? And those younger than you?

Nothing. Nada. Zilch.

You've had plenty of opportunity to band together and insist that legislators improve the system, but you haven't done it. All you do is point at people older than you and blame them or suggest that they should voluntarily decline their benefits out of some asinine sense of "civic virtue."

Why haven't YOU done anything to improve the situation? The boomers and others at least made a stab at it 40 years ago.


The Boomers have had four Presidents. Gen X and Millenials have had zero.

And Gen X has had 3 SOTHs, though one was fairly short-lived (Kevin McCarthy). Aside from him and Mike Johnson, the most recent Gen X Speaker was Paul Ryan, from 2015 to 2019.

Boomers need to just admit to themselves that they've had a stranglehold on the country for too long. Even when they aren't directly in power, their size as a voting bloc is too big to ignore. They are the most privileged generation in terms of entitlements that the country has ever seen.

It is beyond time to pass the torch, and it is beyond time for this country to work for the younger generations.
YouBet
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And our tax system gets even more progressive. We were already the most progressive system on the planet.

Trump has managed to worse this with no tax on tips and overtime and now this.
93MarineHorn
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Waffledynamics said:

BonfireNerd04 said:

MemphisAg1 said:

No Spin Ag said:

I'm also very critical of Boomers because so much harm was done either by them or on their watch.

... and that is a huge pile of crap. SS was created before boomers were even born, and most of them are now retired. Those that worked paid into SS just like their parents. Many of them were of voting age the last time SS was reformed in the mid 80's to increase retirement ages to strengthen the long term viability of SS.

What has your generation done to improve SS? And those younger than you?

Nothing. Nada. Zilch.

You've had plenty of opportunity to band together and insist that legislators improve the system, but you haven't done it. All you do is point at people older than you and blame them or suggest that they should voluntarily decline their benefits out of some asinine sense of "civic virtue."

Why haven't YOU done anything to improve the situation? The boomers and others at least made a stab at it 40 years ago.


The Boomers have had four Presidents. Gen X and Millenials have had zero.

And Gen X has had 3 SOTHs, though one was fairly short-lived (Kevin McCarthy). Aside from him and Mike Johnson, the most recent Gen X Speaker was Paul Ryan, from 2015 to 2019.

Boomers need to just admit to themselves that they've had a stranglehold on the country for too long. Even when they aren't directly in power, their size as a voting bloc is too big to ignore. They are the most privileged generation in terms of entitlements that the country has ever seen.

It is beyond time to pass the torch, and it is beyond time for this country to work for the younger generations.

This is emotional and simplistic. What boomers, specifically, need to pass the torch? I don't think they hold meetings or vote as a bloc. This is just lazy scapegoating.
BkYdPitmaster
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MemphisAg1 said:

I don't like it... more picking winners and losers from Trump and Congress.

But let's be honest about it... it only applies to singles making <$75k/yr or couples <$150k/yr.

Doesn't apply to all seniors.

Applies to me. And it doesn't amount to a major dollar figure staying in my pocket. But I need it now that my wife is retired and it's around the corner for me.
Backyard Pitmaster
2026NCAggies
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Buying the midterms with tax payer money lol

Once workers that make overtime and workers that make tips get their tax return, should add a few more voters as well
EclipseAg
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I'm gonna use mine to buy a fifth house.
Waffledynamics
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93MarineHorn said:

Waffledynamics said:

BonfireNerd04 said:

MemphisAg1 said:

No Spin Ag said:

I'm also very critical of Boomers because so much harm was done either by them or on their watch.

... and that is a huge pile of crap. SS was created before boomers were even born, and most of them are now retired. Those that worked paid into SS just like their parents. Many of them were of voting age the last time SS was reformed in the mid 80's to increase retirement ages to strengthen the long term viability of SS.

What has your generation done to improve SS? And those younger than you?

Nothing. Nada. Zilch.

You've had plenty of opportunity to band together and insist that legislators improve the system, but you haven't done it. All you do is point at people older than you and blame them or suggest that they should voluntarily decline their benefits out of some asinine sense of "civic virtue."

Why haven't YOU done anything to improve the situation? The boomers and others at least made a stab at it 40 years ago.


The Boomers have had four Presidents. Gen X and Millenials have had zero.

And Gen X has had 3 SOTHs, though one was fairly short-lived (Kevin McCarthy). Aside from him and Mike Johnson, the most recent Gen X Speaker was Paul Ryan, from 2015 to 2019.

Boomers need to just admit to themselves that they've had a stranglehold on the country for too long. Even when they aren't directly in power, their size as a voting bloc is too big to ignore. They are the most privileged generation in terms of entitlements that the country has ever seen.

It is beyond time to pass the torch, and it is beyond time for this country to work for the younger generations.

This is emotional and simplistic. What boomers, specifically, need to pass the torch? I don't think they hold meetings or vote as a bloc. This is just lazy scapegoating.

I'm glad you asked. If I could wave a magic wand and make all the rules:

  • All boomers in Congress need to retire within 4 years for the House and 6 years for the Senate.
  • With uncommon exceptions, boomers in the private sector need to be strongarmed into scheduling final retirement no more than 4 years after they hit the retirement age. If they want to continue and are not among the receptions, they should start losing benefits they would have in retirement. The longer they hold out, the fewer benefits they will have.
  • Any and all legislation passed within the last decade that lopsidedly benefits boomers should be repealed or heavily reformed.
"But Waffledynamics, isn't this extreme and discriminatory?"

Yes, and here is why:

As of 2025, we are now raising Gen Beta. That means Boomers have been in policymaking dominance over people of six generations including their own once they became politically active enough to no longer be ignored at minimum and in direct positions of power at maximum.

The boomers, as a generation, have a lot of incredible people. They also have a lot of people hogging career opportunities and entitlement spending. It's time to wind that down.
backintexas2013
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This is terrible and so are tax deductions for kids. Get rid of them both.
No Spin Ag
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93MarineHorn said:

No Spin Ag said:

ttu_85 said:

No Spin Ag said:

ttu_85 said:

No Spin Ag said:

Rossticus said:

No Spin Ag said:

And the rest of us?


Bend over and I'll show you what we get.

So, same as it ever was.

Yet again, thanks, Boomers.


Hmmm, I figured you were a retired boomer given you post alot during business hours. Maybe you should stop blaming others and get a good day job.

The beauty ot having a good day job is being able to make more money than I'll ever need, even after spending money like water, while being able to post on here whenever I want.

It really is easy to have it all if you put the work in when you're young, that is.

So true !!. So why doesnt your economic related posting reflect this? People that are envious are rarely successful. You seem to be an exception to the rule. In your place I'd be very grateful.


I'm very grateful. I'm also very critical of Boomers because so much harm was done either by them or on their watch.

Your life has been far easier and filled with far more luxuries than the vast majority of boomers had when they were your age. You have access to almost every piece information known to man on your phone. You can hop on a plane and go just about any place in the world for a fraction of what it used to cost. You are spoiled beyond repair.

Being critical means being spoiled? That's an interesting way of seeing things.
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
halfastros81
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Kind of ignores the fact that there are a whole lot more people over 70 as a % of the population now than there were in 1989
MemphisAg1
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BonfireNerd04 said:

MemphisAg1 said:

No Spin Ag said:

I'm also very critical of Boomers because so much harm was done either by them or on their watch.

... and that is a huge pile of crap. SS was created before boomers were even born, and most of them are now retired. Those that worked paid into SS just like their parents. Many of them were of voting age the last time SS was reformed in the mid 80's to increase retirement ages to strengthen the long term viability of SS.

What has your generation done to improve SS? And those younger than you?

Nothing. Nada. Zilch.

You've had plenty of opportunity to band together and insist that legislators improve the system, but you haven't done it. All you do is point at people older than you and blame them or suggest that they should voluntarily decline their benefits out of some asinine sense of "civic virtue."

Why haven't YOU done anything to improve the situation? The boomers and others at least made a stab at it 40 years ago.


The Boomers have had four Presidents. Gen X and Millenials have had zero.

You've had millions and millions of voters who elect those people. Only about 70 million boomers still living. GenX and millenials are 2X that. Why don't you elect someone who will deal with the problem?
BonfireNerd04
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halfastros81 said:

Kind of ignores the fact that there are a whole lot more people over 70 as a % of the population now than there were in 1989


Yeah, it's as if a large generation embraced birth control and legal abortion in the 1960's and 1970's, creating skewed demographics in the long term.
MemphisAg1
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BonfireNerd04 said:

halfastros81 said:

Kind of ignores the fact that there are a whole lot more people over 70 as a % of the population now than there were in 1989


Yeah, it's as if a large generation embraced birth control and legal abortion in the 1960's and 1970's, creating skewed demographics in the long term.

But your generation could have reversed that and spawned plenty of youth to support your SS payments in your old age. Why didn't you do that?
Colonel Kurtz
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Hard to do when young people are footing the bill for old people's social security, welfare and now tax breaks.
P.H. Dexippus
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MemphisAg1 said:


Flat tax. No exemptions. Only carve out is for those below the poverty line.

FIFY. flat means flat, not means tested. As soon as you let that nose of the camel in the tent, you'll be right back where we are.
MemphisAg1
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Colonel Kurtz said:

Hard to do when young people are footing the bill for old people's social security, welfare and now tax breaks.

Life is tough. If you want a different future, you have to create it. Sitting around and blaming old people isn't going to get it done.
MemphisAg1
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P.H. Dexippus said:

MemphisAg1 said:


Flat tax. No exemptions. Only carve out is for those below the poverty line.

FIFY. flat means flat, not means tested. As soon as you let that nose of the camel in the tent, you'll be right back where we are.

Nah. We don't need to tax income for people below the poverty line. That's ridiculous.
Matt_ag98
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Furlock Bones said:

More boomerfare. Conservative republicans continue to be as dumb and useless as dems.




Uhhh most Boomers aren't "working" anymore so why are they included in a current "working family tax cuts plan" ????
Sea Speed
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Boomers complete inability or unwillingness to admit the country has changed since they grew up is truly baffling. When they came of age the country was something like 80%+ (maybe closer to 90%, I would have to look at the data) white and they didn't have to fight hordes of third worlders for their jobs or the dei machine working against them at all levels of life.

MemphisAg1
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Sea Speed said:

Boomers complete inability or unwillingness to admit the country has changed since they grew up is truly baffling. When they came of age the country was something like 80%+ (maybe closer to 90%, I would have to look at the data) white and they didn't have to fight hordes of third worlders for their jobs or the dei machine working against them at all levels of life.

You're getting bad info. DEI has been a cancer since 2000 impacting anyone who wasn't a minority or female, including this boomer who is still working.

The world of course has changed. It's always changing. You either adapt and overcome, or become a victim.

It's up to you. Blaming people of other ages is absolutely futile.
halfastros81
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How does how many children boomers had have anything to do with more wealth being held by over 70 people now than in 1989.? The fact is there are a lot more people over 70 now than in 1989 and so you'd expect them to have more wealth. Some of that is because boomers parents had a lot of children and part of it is because people are living longer

Now if you had claimed the average amount of wealth per capita of those over 70 now in inflation adjusted real net worth is more than it was in 1989 then that's a different conversation. That may be true. I don't know . In that case then if you are projecting that the higher per capita net worth is because boomers didn't spend as much on their children that could also be true and I'm not saying it is or it isn't .

Sea Speed
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I completely agree it has negatively impacted whites of all ages. That is my main issue. I didn't blame anyone in this entire thread, I have specifically been talking about what challenges young whites face in school and employment, specifically young white men. Any time you tell boomers that things are completely different for the younger generation they always give some anecdote about their kids or how they had it hard too and fail to recognize that the political and social machine has done everything it can to make it hard for young white men to get ahead in life, by design. There are endless figures and statistics that show this to be true, but the boomer response is always just "stop whining" or "you must just be lazy". The footings available to the boomer generation to get started in life are simply not there anymore in the same way that they were for boomers. It's a simple fact. It isn't whining. It isn't blaming. It's just true. I want young white men in this country to flourish. America is the greatest country ever but what made it great is being suffocated to the benefit of endless minorities and third world immigrants. It's not ok and the sooner the boomer generation can recognize this and join in with the younger generation to do something about it, the better the path forward for this country will be.
jja79
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Colonel Kurtz said:

Hard to do when young people are footing the bill for old people's social security, welfare and now tax breaks.


I'm curious how old you are?
MemphisAg1
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Sea Speed said:

I completely agree it has negatively impacted whites of all ages. That is my main issue. I didn't blame anyone in this entire thread, I have specifically been talking about what challenges young whites face in school and employment, specifically young white men. Any time you tell boomers that things are completely different for the younger generation they always give some anecdote about their kids or how they had it hard too and fail to recognize that the political and social machine has done everything it can to make it hard for young white men to get ahead in life, by design. There are endless figures and statistics that show this to be true, but the boomer response is always just "stop whining" or "you must just be lazy". The footings available to the boomer generation to get started in life are simply not there anymore in the same way that they were for boomers. It's a simple fact. It isn't whining. It isn't blaming. It's just true. I want young white men in this country to flourish. America is the greatest country ever but what made it great is being suffocated to the benefit of endless minorities and third world immigrants. It's not ok and the sooner the boomer generation can recognize this and join in with the younger generation to do something about it, the better the path forward for this country will be.

I agree with you on a lot, especially all of the cards stacked against young white men due to the scourge of DEI. I've got three millennial sons, and it pisses me and their mom off every time we saw that crap impact them. But all you can do is encourage them to shake it off, don't make excuses, and overcome. They have done that.

For the boomer and younger generation stuff, it is such a lame and lazy way of thinking to identify all people in an age group as exactly the same. Similar to the underlying sin of DEI. When someone younger starts griping at me simply because of my age... yeah, it's like "stop whining man"... it's not a good look. It would be good if we could stop the generational arrow-slinging. It doesn't accomplish anything.
 
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