How the baby boomers destroyed everything - The Boston Globe: "All these giveaways had consequences. The rich got richer, as we know, but the rich are old. That is, they’re boomers. The patterns of general boomer gains mirrored those of the very wealthy. From 1989 to 2013, wealth gaps between older and younger households grew in the same way as those between the top 5 percent and the bottom 95 percent. Today’s seniors (boomers) are much wealthier relative to the present young than the seniors of the 1980s were to then-young boomers. All those tax breaks, bailouts, easy money, deregulation, and the bubbles they spawned supported that boomer wealth accumulation while shifting the true costs to the future, to the young.
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