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Taxes don't go to boomers retirement.
Either they get social security that they paid into. Or they have retirement pensions or 401ks. IRAs. That they paid into.
Some of our taxes do go to Medicare/Medicaid, but I don't have a problem with that.
Does social security really only come from their own payments? The US must be one of the few countries that does it like that then. Usually, current workers finance current retirees, rather than current workers financing future retirees (themselves). There's an element of "has paid into it", yes, but it's quite obviously not the same money sitting in a bank account somewhere. It comes from a future national budget.
Doesn't matter either way. Much like I don't expect to retire because there won't be enough taxpayers 40 years from now in my country, I doubt the US dollar will be worth enough for current young workers to retire on social security without major interest being earned on it. There won't be enough actual productivity in the economy to support its value.
401k and other similar funds that invest in the stock market are also how old people profit off young people's work. You know all those comments you see blaming BlackRock or Vanguard for everything wrong with the US economy? Well BlackRock and Vanguard manage all these funds, but they don't actually own it all, mostly retail investors and different retirement accounts do. You could behead all the billionaires and it'll improve things, but that's mostly just idle wealth on paper since there's like a thousand of them, versus millions of retirees constantly consuming things using money that earned interest by being invested in the economy (i.e profiting off younger people, as that's just how capitalism works)
Capitalism or communism doesn't matter in the medium term either, the only way a person can retire is to start living off the backs of others. It's not an issue when a society is growing, but once it plateaus and eventually starts shrinking, it's a problem. This could be changed once human labor is no longer necessary to provide everyone's needs, assuming capitalists don't get to keep ownership of everything.
Look at the US population pyramid in 1970
vs 1990
vs 2025
Ain't no gen z going to be retiring at this rate. Or they'll be the last generation to be able to do so without a major rework of society.
So yes, people are rightfully jealous that they have to pay upkeep on retirees when they themselves will likely never get to retire.
Yes social security in the U.S is a specific tax that only goes to social security. Or at least that's how it's supposed to work but lately there has been talk of using it for the war. Which shouldn't be allowed.
I think it's pretty obvious to anyone that billionaires hoarding wealth and capitalism greed has gotten us where we are.
It's silly to blame older generations that had it better for the decline.
They have as much control over all of this as I do right now. Which is very little.
Profit and production per person has been increasing for as long as it's been recorded. Yet wages have not came close to matching inflation.
Why is that? Did boomers as a group some how orchestrate a decline in wages?
No.
That's thanks to corporations paying off politicians and making sure no laws would pass to force them to pay people a living wage. No laws would pass to restrict increases in college education. No laws would pass to keep rent affordable.
Didn't matter who you voted for. There have been plenty of Dems and Republicans in control at various times in the last 50 years. And yet. No laws were passed to help the people. Only create tax loop holes for the rich.
(Or in your country, I'm sure there are many times the progressives and the conservatives have each had majority power to make laws)
Because the rich pay off the politicians.
These problems are not from boomers existing at a time before it got bad.
It's true many billionaires are boomers but there are many that aren't that are the richest. Bezos isn't. Musk isn't.
I hope that maybe collecting signatures could make politicians in position that they can not simply refuse changing the law, like with affordable rent initiative right-to-housing.eu I mean if they would collect the 1 mln of signatures, it would be hard to just ignore it
They ignore such things all the time.
There have been many instances here of people voting to pass a bill and then the governor just vetoes it.
I think we need to change things so that votes outrank what any politicians want.