“So if we unseat the boomers from Congress, from state legislatures, and certainly from the presidency over the next three to seven years, then I think we can undo the damage. But that will require a much higher tax rate and a degree of social solidarity that the country hasn’t seen in over 50 years.”
One of the more popular books in America is Bruce Cannon Gibney’s “A Generation of Sociopaths: How the Baby Boomers Betrayed America.”
Certainly, millennials love it.
“The irony is that boomers criticize millennials for being snowflakes, for being too driven by feelings. But the boomers are the first big feelings generation.” — Author Bruce Gibney
Generation Addicted to Debt
What other generation literally has acted as if money grows on trees?
Gibney cites the ample evidence: repeatedly cutting taxes, putting two wars on America’s credit cards, pretending that global warming isn’t real and standing on the sidelines while the nation’s manufacturing centers turned to rust.
In an interview with vox.com’s Sean Illing, Gibney says that the baby boomer generation “is dominated by feelings, not by facts. The irony is that boomers criticize millennials for being snowflakes, for being too driven by feelings. But the boomers are the first big feelings generation. They’re highly motivated by feelings and not persuaded by facts. And you can see this in their policies.”
Short Window To Fix the Mess
Gibney, an investor and hedge-fund analyst, also says that millennials have a six-year window to kick the baby boomers out of power and put America on a restorative course.
“After 2024 or so, it will get really hard to do anything meaningful. In fact, I think the choices might become so difficult that even fairly good people will get wrapped up in short-term self-interest.