As the worst generation of all time reaches retirement age is it time to reclaim some of their cash?

[fried-chicken]

Millennials should receive reparations for the damage that was done to us in 2008. While boomers portfolios have recovered and increased, many millennials lost several of the most important wealth building years as they graduated into a boomer created crisis.

I support a flat 10% reparations tax on boomer retirement funds to be split between those impacted most.

Since they caused the crisis they should repair the damage done.

 

[UCFKnight85]

0/10 troll attempt. Would not read again.

Mods, please delete.

 

[UCFWayne]

this sounds like a great idea, sign me up. whos going to sign up to take the money?

 

[fried-chicken]

this sounds like a great idea, sign me up. whos going to sign up to take the money?

IRS

 

[fried-chicken]

0/10 troll attempt. Would not read again.

Mods, please delete.

Really?

In the long run, who was hurt the most by the baby boomers reckless tanking of the US economy? Who was hurt the least? Why shouldnt that injustice be corrected?

 

[UCFWayne]

who is going to vote for this? gen z and millennials? call me crazy but i dont think boomers will vote for this...

 

[Crazyhole]

I far prefer a wealth tax over an income tax

 

[NinjaKnight]

Dont forget knowingly trashing the enviroment.

 

[fried-chicken]

Dont forget knowingly trashing the enviroment.

Great point. Boomers have leveraged the future so they can retire early and spend 30 years just chilling. How many millennials have college debt because their parents couldn't be bothered to lower their 401k amounts?

The enviroment? It is going to cost my kids' generation billions to save the planet and boomers will be dust by the time it happens.

Millennial reparations now.

 

[UCFKnight85]

Really?

In the long run, who was hurt the most by the baby boomers reckless tanking of the US economy? Who was hurt the least? Why shouldnt that injustice be corrected?

I'm not even disputing any of this. I'm just pointing out that "10% reparations" is bad troll language.

0/10

 

[Sir Galahad]

Really?

In the long run, who was hurt the most by the baby boomers reckless tanking of the US economy? Who was hurt the least? Why shouldnt that injustice be corrected?

While I'm not a baby boomer I will say that each generation goes through this but you're too ignorant on history to know. I can remember the recession in the 80's, as well as the 90's and the tech bubble. I remember then President BILL Clinton putting a hiring freeze on all governmental agencies just about the time I was graduating from UCF. Oh by the way FC, back in the 80's interest rates were over 10%, imagine what students loans were like back then, but then again, we didn't cry about and ask for forgiveness, we just got jobs and paid them back.

 

[fried-chicken]

While I'm not a baby boomer I will say that each generation goes through this but you're too ignorant on history to know. I can remember the recession in the 80's, as well as the 90's and the tech bubble. I remember then President BILL Clinton putting a hiring freeze on all governmental agencies just about the time I was graduating from UCF. Oh by the way FC, back in the 80's interest rates were over 10%, imagine what students loans were like back then, but then again, we didn't cry about and ask for forgiveness, we just got jobs and paid them back.

Lol @ student loans in the 80s.

 

[UCFKnight85]

Lol @ student loans in the 80s.

Question: did anyone force you to take our student loans? Or are you bitching about them since you think that $70,000 in loans to attend a 4 year university to emerge with a Communications degree is the fault of everyone else and must be paid for by everyone else?

 

[fried-chicken]

Question: did anyone force you to take our student loans? Or are you bitching about them since you think that $70,000 in loans to attend a 4 year university to emerge with a Communications degree is the fault of everyone else and must be paid for by everyone else?

I didn't take student loans. I already told you I was fortunate to have the advantages I had as a kid. It's mind boggling to you that I care about other people's difficulties even when they aren't my own.

 

[UCFKnight85]

I didn't take student loans. I already told you I was fortunate to have the advantages I had as a kid. It's mind boggling to you that I care about other people's difficulties even when they aren't my own.

Sidestep. Deflection.

Explain to me why it’s our responsibility to forgive the loans of a kid who against all judgment takes out $70,000 to attend a school like UCF to obtain a degree that assured you may never be able to pay that loan back.

Please Mr Morality, explain why we should bear the burden of that loan when the many other avenues to attend further education were ignored

Most states now offer free or extremely cheap JUCO education that means a kid has to only attend a university for 2 years to obtain a degree. So many kids have done this and graduated debt free.

Why should those kids not receive the advantage of their good decision making when they go to the job market?

 

[fried-chicken]

Sidestep. Deflection.

Explain to me why it’s our responsibility to forgive the loans of a kid who against all judgment takes out $70,000 to attend a school like UCF to obtain a degree that assured you may never be able to pay that loan back.

Please Mr Morality, explain why we should bear the burden of that loan when the many other avenues to attend further education were ignored

Most states now offer free or extremely cheap JUCO education that means a kid has to only attend a university for 2 years to obtain a degree. So many kids have done this and graduated debt free.

Why should those kids not receive the advantage of their good decision making when they go to the job market?

Because we offer debt forgiveness for all other lending when people make bad decisions on debt.

For example see below for one about our fearless leader.

Explain to me why it’s our responsibility to forgive the loans of a man who against all judgment takes out $70,000,000 to purchase a casino to make money that assured you may never be able to pay that loan back.

Please Mr Morality, explain why we should bear the burden of that loan when the many other avenues to invest in a business were ignored

Most banks now offer free or extremely cheap loans that means a man has to only make minimum interest only payments. So many men have done this and created a successful business.

Why should those men not receive the advantage of their good decision making when they go to the job market?

 

[Sir Galahad]

Lol @ student loans in the 80s.

Spoken like a person who has no idea what they are talking about.

 

[fried-chicken]

Spoken like a person who has no idea what they are talking about.

Yes I, the person laughing about comparing student loan debt in the 1980s to today, do not know what I am talking about. Hahaha

 

[NinjaKnight]

Spoken like a person who has no idea what they are talking about.

Holy shit this is comedy gold. Gal, the most out of touch douchecanoe in this thread who made an incredibly idiotic comparison of student loans in the 80's just told someone else they don't know what they are talking about.

God I love this board.

 

[UCFKnight85]

Because we offer debt forgiveness for all other lending when people make bad decisions on debt.

For example see below for one about our fearless leader.

Explain to me why it’s our responsibility to forgive the loans of a man who against all judgment takes out $70,000,000 to purchase a casino to make money that assured you may never be able to pay that loan back.

Please Mr Morality, explain why we should bear the burden of that loan when the many other avenues to invest in a business were ignored

Most banks now offer free or extremely cheap loans that means a man has to only make minimum interest only payments. So many men have done this and created a successful business.

Why should those men not receive the advantage of their good decision making when they go to the job market?

You’re honestly insane dude. Filing for Chapter 11 is not consequence free and for most people means their ability to get a loan ever again is gone.

You literally advocated that every student who took a loan should have it forgiven. Using your really dumb comparison, imagine if every company in America who has debt demanded it be forgiven for free with no consequence?

You took my point and responded with a totally invalid faux comparison that actually damaged your point more than anything.

 

[UCFKnight85]

Yes I, the person laughing about comparing student loan debt in the 1980s to today, do not know what I am talking about. Hahaha

You just said you never took a student loan so how could you know what you’re talking about?



If Sir G took a loan in the 80s then he’s instantly more credible then you as someone who is again trying to comment on something you have no firsthand experience with

 

[Sir Galahad]

Yes I, the person laughing about comparing student loan debt in the 1980s to today, do not know what I am talking about. Hahaha

Well that is because you’re a moron, tell me what was the starting salaries in 1988 for college graduates compared to today? For 2017 the average starting salary for college graduates was $50,516. In 1988 it was $24,324 with a higher interest rate. See how that works.

 

[ucflee]

Will the responsible folks who paid back their loans get more since they should/would be owed interest?

 

[NinjaKnight]

Well that is because you’re a moron, tell me where starting salaries in 1988 compared to today? For 2017 the average starting salary for college graduates was $50,516. In 1988 it was $24,324 with a higher interest rate. See how that works.

Jesus fuking christ you actually are a literal moron. Do you have any idea of what the inflation rate has been between 1988 and now? Holy fuking shit you are stupid.

 

[UCFKnight85]

Will the responsible folks who paid back their loans get more since they should/would be owed interest?

Of course not. You pay yours off, go to work, then fork over money for the people FC decides no longer have to pay for loans they willingly took out

 

[fried-chicken]

Well that is because you’re a moron, tell me where starting salaries in 1988 compared to today? For 2017 the average starting salary for college graduates was $50,516. In 1988 it was $24,324 with a higher interest rate. See how that works.

So you could have gone to school including books and room and board for 4 years for like 75% of one year's salary.

Today 100% of one year's salary gets you only room and board for 4 years. See the difference yet?

Wages have doubled cost of school has quadrupled.

 

[goodknightfl]

While I'm not a baby boomer I will say that each generation goes through this but you're too ignorant on history to know. I can remember the recession in the 80's, as well as the 90's and the tech bubble. I remember then President BILL Clinton putting a hiring freeze on all governmental agencies just about the time I was graduating from UCF. Oh by the way FC, back in the 80's interest rates were over 10%, imagine what students loans were like back then, but then again, we didn't cry about and ask for forgiveness, we just got jobs and paid them back.

Sir,
you have to remember the Millennial Generation is the one that stayed home living in mommies basement, getting free health insurance until they were 27. I started working at age 15, Yes I only have 2 years of college, but I didn't borrow a penny, and my Mommy didn't pay anything either. I had My own car at age 17 paid for by me, not mommy. I lived on my own at 19, not in mommy n daddy's house.

I got out of high school in 1974, A few years later came the Carter years, The greatest generation were running the show not the baby boomers. We had inflation over 12%, interest rates 15% plus, and double digit unemployment. Along with the savings n loan collapse. Instead of the govt paying off the banks, they bought up the repossessed houses. The auto industry was in free fall. Chrysler was saved by the feds just like the 2008 collapse. We also had gas lines where you couldn't buy more than 5 to 8 gallons of gas. ( Most cars got 8 to 15 miles per gallon then) I didn't whine and cry, I worked 2 part time jobs as a dishwasher and a cook. I also started my own small commercial fishing business. When I bought my first house in 1981, I had to pay 10.9% interest.
We did what we had to do, now they cry to gov't and others to take care of them.

 

[firm_bizzle]

Largest wealth transfer in the history of the world.

 

[Husk in butt]

Millennials should receive reparations for the damage that was done to us in 2008. While boomers portfolios have recovered and increased, many millennials lost several of the most important wealth building years as they graduated into a boomer created crisis.

I support a flat 10% reparations tax on boomer retirement funds to be split between those impacted most.

Since they caused the crisis they should repair the damage done.

You mean the generation stupid enough to buy imaginary coins? Aka Bitcoin that destroys the environment? I don't trust their judgement...lol

 

[Sir Galahad]

So you could have gone to school including books and room and board for 4 years for like 75% of one year's salary.

Today 100% of one year's salary gets you only room and board for 4 years. See the difference yet?

Wages have doubled cost of school has quadrupled.

And I noticed you left out the interest rates, this years started at 4.55%, nearly a third of what they were in the 80’s and early 90’s. I understand why you would leave the interest rates out if the loans were never meant to be paid back. Let’s also not forget the crap loads of scholarship money ou there, there were no bright future scholarships in the 80’s and early 90’s.

Here is an idea, if you can’t afford it, don’t do it, or better yet, get a job to help pay for it.

 

[Sir Galahad]

Sir,
you have to remember the Millennial Generation is the one that stayed home living in mommies basement, getting free health insurance until they were 27. I started working at age 15, Yes I only have 2 years of college, but I didn't borrow a penny, and my Mommy didn't pay anything either. I had My own car at age 17 paid for by me, not mommy. I lived on my own at 19, not in mommy n daddy's house.

I got out of high school in 1974, A few years later came the Carter years, The greatest generation were running the show not the baby boomers. We had inflation over 12%, interest rates 15% plus, and double digit unemployment. Along with the savings n loan collapse. Instead of the govt paying off the banks, they bought up the repossessed houses. The auto industry was in free fall. Chrysler was saved by the feds just like the 2008 collapse. We also had gas lines where you couldn't buy more than 5 to 8 gallons of gas. ( Most cars got 8 to 15 miles per gallon then) I didn't whine and cry, I worked 2 part time jobs as a dishwasher and a cook. I also started my own small commercial fishing business. When I bought my first house in 1981, I had to pay 10.9% interest.
We did what we had to do, now they cry to gov't and others to take care of them.

This whining generation is a result of their idiot parents who were part of the counter culture of the 60’s and 70’s.

 

[fried-chicken]

This whining generation is a result of their idiot parents who were part of the counter culture of the 60’s and 70’s.

Old sacks of shit tanked the economy while pumping money into 401ks now that the stock market has recovered on the backs of cheap desperate millennial workers those old sacks of shit have faced no penalty as 401ks have regained all their value.

Now it's time to cash out the 401ks and it's also time to pay up. It's not right to have the generation that saved the economy take the financial hit that old wind bags earned.

#MillennialReparations

 

[KnighttimeJoe]

I have no idea why you all feed this dumb ass troll.

 

[UCFKnight85]

I have no idea why you all feed this dumb ass troll.

He is dumb and he is a troll, but he also firmly believes this nonsense.

 

[Sir Galahad]

Old sacks of shit tanked the economy while pumping money into 401ks now that the stock market has recovered on the backs of cheap desperate millennial workers those old sacks of shit have faced no penalty as 401ks have regained all their value.

Now it's time to cash out the 401ks and it's also time to pay up. It's not right to have the generation that saved the economy take the financial hit that old wind bags earned.

#MillennialReparations

I now am sure this is a character you are playing, no one is this stupid, not even chemmie, goodbye.

 

[fried-chicken]

I now am sure this is a character you are playing, no one is this stupid, not even chemmie, goodbye.

"Millennial Reparations" didn't tip you off you mental giant?

 

[DaShuckster]

Yes I, the person laughing about comparing student loan debt in the 1980s to today, do not know what I am talking about. Hahaha

I paid off my student loan debt from the 70s when I was in my mid-forties. God knows if today’s students will ever be able to pay their debt off. Why? Because back in the eighties schools decided that it was okay to ‘cover’ more of a student’s financial need with loans versus grants. God forbid the school forks over more of their money to help needy students!

One thing coming out of the Democrat Presidential camp that is causing me to cring is the ‘free’ college line. Colleges and universities have risen their costs more than three times the cost of inflation over the past forty years while placing more of a financial burden on needy students.

Don’t get me wrong — I’m a big advocate of higher education. But most of the idiots who run our schools don’t have a clue how to manage them. When it comes to faculty, the inmates are truly running the asylum. If you think it’s bad now, wait until “free” education hits.

 

[UCFWayne]

I have no idea why you all feed this dumb ass troll.

i honestly cant tell if he believes the crap or is trolling because i have friends on fb that will post similar crap. i know you have friends on fb that post this stuff too.

 

[UCFKnight85]

"Millennial Reparations" didn't tip you off you mental giant?

You're such an extremist on this board that your little bad trolling attempts come off as sincere thoughts in your head.

 

[fried-chicken]

You're such an extremist on this board that your little bad trolling attempts come off as sincere thoughts in your head.

Remember when I said we should remove the voting rights of old people and you bit so hard you spiraled out of control culminating in a 2 day ban?