Skip to comments.Will Millennials leave US to avoid becoming the 'chump' generation? (the Republicrat legacy!)
Posted on 03/10/2010 1:10:21 PM PST by rabscuttle385
If Millennials realize they're going to have to pay the fiscal price for baby boomers' sins, they might choose to leave the US for more financially friendly locations.
BY TIM KANE
What if they had a fiscal crisis, and nobody came? What if the chump generation figures out the Ponzi scheme? Bob Samuelson thinks the fallout will be political:
... As baby boomers retire, higher federal spending on Social Security, Medicare and Medicaid may boost Millennials' taxes and squeeze other government programs. It will be harder to start and raise families.
Millennials [ages 30 and younger] could become the chump generation. They could suffer for their elders' economic sins, particularly the failure to confront the predictable costs of baby boomers' retirement.
Samuelson asks the question in a political context, and that's how most analysts interpret the looming fiscal crisis, as if young voters will punish fiscally irresponsible representatives in Washington. My alternative theory focuses on the context of immigration. Already you may have heard about the millions of illegals who departed the U.S. when the Great Recession dried up job opportunities. A lot of crass nativists might think "Good Riddance!" but I wonder what they'll say when their own children seek greener pastures abroad in 10 or 20 years?
(Excerpt) Read more at csmonitor.com ...
But where will Americans go? This is the world’s last best hope and most nations don’t have such open border policies.
Wait just a minute. They voted for this guy, they should be forced to live under his BS laws.
“the U.S. when the Great Recession dried up job opportunities. A lot of crass nativists might think “Good Riddance!” but I wonder what they’ll say when their own children seek greener pastures abroad in 10 or 20 years?”
Then they will figure out fascist ways to keep them in the country and working themselves to death. Expatting is looking more and more inviting and a lot of people are just going to wash their hands of this mess.
This young American thinks it's long past time to slash and burn the rotting carcass that is Big Government!
My daughter’s becoming fluent in Japanese and ASL. Maybe a couple of other languages wouldn’t hurt.
This article does not even take into consideration the state and local governments’ pension Armageddon that is in the not so distant future.
A great reckoning is coming, and is unavoidable....and future Americans will refuse to become tax slaves—whether they leave or lead the 2nd American Civil War. I just don’t see how America survives in its’ present form.
Why should they stay? Social Security and Medicare will be bankrupt by the time they reach retirement. And that doesnt include a $12 trillion dollar debt.
The gov already covered this. The USA is one of the few governments that tax their ex-pats no matter where they live.
Ping list for the discussion of the politics and social (and sometimes nostalgic) aspects that directly effects Generation Reagan / Generation-X (Those born from 1965-1981) including all the spending previous generations are doing that Gen-X and Y will end up paying for.
Freep mail me to be added or dropped. See my home page for details and previous articles.
“The threat America faces is a world that competes for our greatest natural resource: it’s young. If we make the tax climate hellish, the U.S. is going to suffer outmigration as places like Canada, Australia, Brazil, Mexico, Chile realize what an opportunity they have to cream our entrepreneurial talent. If we don’t, and let the deficit spiral out of control, the dollar will fall and workers will go elsewhere for value reasons. There’s already a migratory tension in Europe, waged primarily with favorable tax treatment for high net worth immigrants”
>If Millennials realize they’re going to have to pay the fiscal price for baby boomers’ sins, they might choose to leave the US for *more financially friendly locations*.
You know, places like: Cuba, Argentina, Venezuela, Rawanda, Mexico... pretty much anywhere.
Boomers had zero to do with creating those programs, Governor Palin was one year old when America passed the last two (the oldest boomer was still a teen) and SS is from the 1930s.
I wonder, if euthenasia is indeed enacted against the parents of the boomers, then I am sure that once the boomers are on the chopping block, that their children will enthusiastically apply it and then end it.
Then teach the younger generations about the crimes, damage, and infamy of the boomers.
“A great reckoning is coming, and is unavoidable....and future Americans will refuse to become tax slaveswhether they leave or lead the 2nd American Civil War. I just dont see how America survives in its present form.”
Yes it is, let it come. America needs to go through a purging.
Medicare Part D was a Boomer creation.