Many Millennial are perplexed by Baby Boomer choices in the current election cycle considering the State of the Union and economy.
Barring any personality or religious reasons, there are several things to consider:
Baby Boomers grew up during a prosperous and more equitable time in America’s history when it was possible for the majority to be self-sufficient and there was an economy to sustain it.
Anyone who wasn’t self-sufficient had to “try a little harder” and it wasn’t necessarily a fallacy for the majority. Thus their disconnect from current economic realities.
Baby Boomers owe their prosperity to their parents, “The Greatest Generation” who grew up in the United States during the deprivation of the Great Depression. Many of baby boomers’ parents remembered the economic hardships of The Great Depression (1929-39) which was the deepest and longest-lasting economic downturn in the history of the US as young adults. It was baby boomer’s parents that helped ushered in The Great Society that was a set of domestic programs in the United States launched by President Lyndon B. Johnson (D) in 1964–65. One of the main goals was the elimination of poverty.
But since Baby Boomers grew up during the Cold War and a time of prosperity, they forgot their parent’s struggles; not unlike we’re facing today.
Odd Bedfellows: The Cold War and the Wealthy
Did the United States really win the Cold War? Without a single missile, a warped ideology of communism and capitalism has facilitated in the demise of the American middle class.
Most of us who grew up during the Cold War have a tendency to forgive abuses or unfairness when it comes to capitalism, but when it comes to the well-being of others or the nation, we vote against our own interest. Political parties play into this for financial gain. How many times have we heard the words “socialism”, “communism” and “dictator” over the last few years?
William Felice of Eckerd College traces America’s social ills back to the Cold War, when “human rights” were equated with political rights and civil liberties—not to economic and social rights, which were associated with the values of communism. The right to an adequate standard of living was not seen as the government’s special province and instead was left up to private enterprise and market forces.
The trend toward privatization is evident in President Bush’s domestic agenda, which is focused on restructuring the government-sponsored social safety net created by FDR—including the capstone of the New Deal, Social Security. Meanwhile, the gap between the super rich and the common working person continues to widen—to the point where the top 1 percent of U.S. citizens now possess more wealth than the combined incomes of the bottom 90 percent. A recent New York Times investigation of class in America revealed that despite the nation’s greater affluence, it has become even harder for Americans to move up from one economic class to another. “Americans are arguably more likely than they were thirty years ago to end up in the class into which they were born.”
Source: Carnegie Council
This Cold War mentality added with globalization has created a global Gilded Age on steroids and we’re all paying the price if we don’t change the status quo soon.
History repeats. Let’s learn from history.
67 People Are As Wealthy As The World’s Poorest 3.5 Billion
The Richest 400 Americans have $2.29 trillion in wealth, up $270 billion from a year ago.
And we know what happened in 2008…
Debt has been used to fill the income gap of the last 30 years to benefit a few.
Um, um…We need a “Religious Freedom Bill”!!