Baby boomers comprised a larger share of voters in 2024, accounting for 32%, but they are trending lower after hitting a peak of 36% in 2016.
Ocasio-Cortez, a millennial herself, expects the younger generation will soon tip the scales in American politics.
“Millennials are not punk kids anymore. We’re grown adults with mortgages and kids,” she said. “And we—that generation is starting to be decisive at the polls. And there is anger at being ignored, sidelined, having our economic futures mortgaged by the generations that came before us on everything from the economy to climate. And we’re taking the reins.”
From global warming to debt crisis to lack of affordable health insurance (all intentional), Boomers have definitely overstayed their welcome.
Soooo property taxes? They already pay those.
It’s almost like you haven’t really thought about the proposal or even if it’s going to generate the revenue for the services you are demanding.
Know what’s a quicker path? End wars around the world, invest in local economies, and elect leaders that will do so.
Those are also good things and we should do them.
Wealth tax isn’t directly going to fund the welfare state. The purpose is to slow or reverse the concentration of wealth into ever fewer hands.
If we fail to tax wealth, every other good government reform will only delay the inevitable slide into poverty. They might delay it for a generation or 2, because many nations have vast resources or have not reached high levels of inequality or both, but eventually, the rich will own everything if they are not stopped.
That makes zero sense. Wealth taxes where implemented do just that. Fund the welfare state. Perhaps that’s not the solution and you put better solutions in place to prevent accumulation of wealth. Seems better to incentivize investment rather than doing it through simple taxation regardless of what is being done with the money.
That makes zero sense. Wealth taxes where implemented do just that. Fund the welfare state.I have been convinced by the arguments of the economist Gary Stevenson. If wealth inequality is allowed to grow as it has for the past 50 years the rich will inevitably own everything.
If you have a better suggestion to prevent this future, by all means explain it. But investment reducing inequality is nonsense. Who are you borrowing from to make the investment? The wealthy.
That’s like suggesting I pay off my credit card with a different credit card. It’s still debt.
Ideally in my mind the peasants rise up, take control of the means of production and earnings from production are spread equally among the workers. That first part is really difficult to do, as most humans are going to look out for their own interests prior to the interests of their community.
At least where I live there would need to be a generational project of encouraging unionization and worker owned coops.
Labor is so rare and weak that most people either don’t know anyone in a union or don’t know that they know someone in a union.
Worker owned Co ops are vanishingly rare. I wasn’t able to find any operating in Texas Last time I checked. We don’t have the infrastructure for workers to rise up and manage anything here, so we remain at the mercy of capital.
But, expanding Unions and Co ops is worth doing for its own sake. Even if the revolution never happens, it still improves human welfare.