"How the <feck> did old people take over the world?"
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Letters of eclectic commentary featuring the wit and wisdom of a garrulous geezer and {Dana}, a persistent hallucination and charming literary device.
"The average person living in the world today is, on average, ruled over by someone forty years older than them." -How Money Works
Dear Gentlereaders,
Permit me to begin with some deck clearing.
This missive was inspired by (and borrows heavily from) a video titled Gerontocracy created by the YouTube channel How Money Works. This is slightly less ethically dubious than you might think. My biggest fan, a semi-Luddite who doesn't own a computer, accesses my columns via the dead trees format. He can't watch the video so...
I'm a hooge fan of How Money Works which could also be called Economics For Normal People...in plain English...without econometrics (complicated math)...who may be somewhat skeptical of economists.
{Right? Why do they disagree on so much and why aren't they rich if they know what they're talking about?}
I considered writing that the channel could also be called Economics For Dummies, big BUT, the short individual videos they create (rarely longer than 15 minutes) are packed with a lot of information that's presented at a rapid clip. If you haven't had your coffee yet, or are currently feeling overwhelmed by your absurdly complicated life, you may get lost in the details.
{Maybe that's just you. You've somehow survived long enough to be seventy-something and I've noticed you're often not quite as sharp as you...}
However, if you're feeling focused and motivated... Wait, I've just thought of another title, Where the Rubber of Economics Meets the Road of Reality. That is to say, practical hard-nosed useful information, not esoteric theories.
The Boomers, till the Millenials showed up, were the largest generation in American history, which granted, is common knowledge. Big BUT, if not for the fact we Boomers arrived in the midst of "the most intense period of wealth creation in human history" it would've meant that there was a lot of us trying to get a slice of what would've been a much smaller pie.
That, my dear gentlereaders, is some serious dumb luck.
"...the world is hundreds of times wealthier today than it was in the 1950s and Baby Boomers have been able to capitalize on that for their entire lives with their heavy sway on politics."
"...a perfect combination of being exposed to new technologies that would go on to change the world and create some of the most valuable businesses in history."
Hey kids, did you know that once upon a time, buying a house, comparatively speaking, was a slice of pie. Home prices weren't completely nuts as they now are in no shortage of various and sundry corners of the Republic.
I'm acutely aware, as likely are most of you, that Sleepy Joe was the oldest president in American history. Assuming the Donald doesn't die (or is killed) before the end of his second term, he'll be the new record-holder by five months (my favorite fun fact from the video).
I'm also acutely aware, as likely are most of you, that many Boomer homeowners are practitioners of the Not In My Yard philosophy of property management, i.e., nope you ain't building that in my town/city/suburb, I/we like things just the way are thank you very much.
You're gonna have to find someplace else to establish your own homestead. Hey, take it up with the zoning commission. Ya want some cheese with that whine? Geesh, kids these days...
Now, while I was more or less aware that the average age of the average congressman congressperson is almost 60, and the average age of Senators is 64...
{You knew that?}
Cough, cough, as I said, more or less. Hey, I didn't have the exact information stored in Neuron #887925639234989852 but I knew the average is over 60. The good news is that the average age of members of Congress has dropped a few years lately -- several older members have died.
While I'm not at all surprised that it turns out that only 15 to 27% of Americans vote in local elections (Guilty. I confess I don't always vote in Hooterville's local elections), I didn't know that homeowners over the age of 65 are seven times more likely to vote in local elections than voters 18 to 34.
The Hooterville Metropolitan area is top-heavy with my fellow geezers and geezerettes; the average age of a city councilman councilperson in the USA is 51.
"Elderly people have voted for elderly people who will keep their homes valuable which tends to be more elderly people helping to cement the gerontocracy from the ground floor. So, elderly people were influential at the right time to get rich and then they use that wealth to buy even more influence."
I have no idea who my city councilperson is or how old he/she/they and their fellow legislators are, and I don't care, primarily because I'm a confirmed renter -- I've been living in Ohio temporarily for 40 years --and Hooterville is relatively small. If our councilpersons do something goofy we turn on 'em quick, and they tend to back off. Fortunately, they're only part-timers who have real jobs in the real world.
"That government is best which governs least." -Probably not Jefferson or Thoreau
Another big BUT: in larger municipalities "...your locally elected representatives probably have more power over your life than the big dogs in Washington." These people could lower housing costs and increase supply, "but across the country, they choose not to."
OK, Boomer? This is why the kids hate you, hopefully not yours, but lots of other people's kids do. Pray they don't start paying more attention to local politics and that many will continue to support the Wokie notion that childless Millies and Zoomers stacked on top of each other like cordwood in large cities constitutes the good life.
Watch the video irregardless of your age. I've only scratched the surface of the information you'll find. Aren't you lucky I told you about it?
Colonel Cranky
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