Monday, May 18, 2026

Boomers As Leeches

I am seeing an increasing flood of complaints that Boomers take "an infinity of resources" from later generations. They are looking at Social Security and Medicare. 

Many of us resented those mandatory taxes for SS and Medicare.  We could have invested that money in mutual funds and come out way ahead. Even then, for every high wage earner like me with $3000/month SS checks, there are far more with $1200/month SS checks struggling to pay rent or mortgage payments and Medicare premiums and deductible.

And younger people upset about health insurance premiums. They were not absurd when Boomers were young because we were not battling the damage Obamacare did by requiring no age discrimination on insurance costs. To cover the costs of coverage for older insurers, young people were saddled with higher premiums. To make sure they did not make a perhaps rational decision to skip insurance, Obamacare punished them for failure to buy. The deductibles are huge. 

My wife had students who insisted that Obamacare would mean they would get an insurance card in the mail, free of charge. My, were they disappointed. Elect politicians who make absurd promises, get screwed. 

We also worked our butts off instead of whining. 

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