Young people today are starting to realise that the economic system isn’t what it’s claimed to be. Although Boomers keep saying that anyone who works hard will be compensated enough to own a home and raise a family in it, few young people still believe them. The truth, now widely understood, is that the entire system has been rigged to benefit the old at the expense of the young.
What the Boomers have done can rightly be termed intergenerational rape.
The “postwar generation” has taken advantage of their political power over the younger generations to subject those young people to a degrading level of servitude and hopelessness. Young people nowadays have found themselves effectively enslaved, working long hours and then having to fork out so much in profits, taxes and rents that they have little left for themselves.
The Boomers have tilted the scales so that every operation of the economic system favours them to the exclusion of everyone else. They are sucking the life energy out of the younger generations, and for no other reason than their own greed. Nowhere is this more evident than in the fact that the Millennial generation controls less than a quarter of the wealth that the Boomers controlled at the same age.
The intergenerational social contract, according to which the elderly sacrificed their wealth so that their offspring could be strong, has been annihilated by the Boomers. Instead of nurturing the following generations, the Boomers have plundered them. Boomers credit themselves for working hard and investing prudently, but the reality is that they have built their wealth on the impoverishment of those to follow.
They have done this by using their voting power to elect politicians who were willing to pass laws dispossessing the young. Everywhere that a balance needs to be struck – employer or employee, landlord or tenant, pension recipient or taxpayer, borrowing and spending now or saving for the future – the law favours the Boomers.
This intergenerational favouritism is stark if one considers house prices.
Boomers in 1992 were able to purchase the average New Zealand house for $105,000. As the average wage was above $14 per hour back then, it means that the average house cost about 7,000 hours of labour. It means that, if a person was able to save about a third of their income, they could buy a house after ten years of full-time work. Good times.
By today, when the Boomers own all the houses, the average house price has increased by seven times from 1992 levels, but the average wage only slightly more than twice. The average New Zealand house now costs more than $740,000, whereas the average wage is around $34 per hour. It means that the average house now costs 22,000 hours of labour. Hard times.
Intergenerational rape is when the Boomers charge 22,000 hours of labour for entry to a circle of wealth (homeownership) that they themselves were admitted to after only 7,000 hours of labour. Whereas the average Boomer was able to buy the average house after ten years of labour, young people are looking at thirty years of labour to get to that position.
All of this economic exploitation serves no other purpose than to keep Boomers in a luxurious state of retirement, with regular holidays, plentiful rich food and first-class medical care.
The Boomer generation has inherited an enviable level of wealth from their predecessors and then pulled up the ladder so that none of their descendants can share in it. The Boomers have behaved in this manner because they are the single most selfish and godless generation to have existed in human history. Never before has there been a generation of people willing to put their own whims and fancies above the physical needs of their own offspring.
Their actions could be compared to those of a meth addict who passes out on the couch while their children run around in the streets looking for food. It’s a degree of reckless neglectfulness that ought to be criminal.
The Boomers, however, will get what they deserve. They are mortal after all, and the eldest of them are already 75 years old. Within three decades, almost all of them will be gone. As this column has written previously, God will return to Earth when the Boomers finally die off. They represent peak godlessness, and their passing will result in a new spiritual age.
It is unlikely that intergenerational rape will end owing to any action taken by younger people. The generations following the Boomers are too divided, too demoralised and too apathetic to do anything about their situation. They will have to wait for the Boomers to die off – which means that the rape will continue for another 30 years yet.
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