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Joined 6 months ago
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Cake day: January 11th, 2024

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  • The worst thing for a tankie like me was running here to get away from the insane msn-pilled discourse, finding some actual leftists, only to have have leredditors chase me down sayin’ i am following them.

    Uh…tankies and leftists are not the same thing (though the liberals on Political Memes don’t seem to understand the difference). Tankies are authoritarian-apologists. It was coined by British communists who wanted to differentiate themselves from pro-Soviet communists (specifically, communists who were defending the Soviets sending tanks into Hungary). In the modern sense, it’s used to describe communists who defend authoritarian socialist or communist states. If you don’t feel compelled to justify Stalinism, the Tiananmen Square massacre, or the Uyghur genocide, you’re probably not a tankie.



  • I mean, if the payout is so low that it’s not worth keeping in the market, then it’s not going to have much of an impact on the S&P 500. I’m sure many Millennials (focusing on them, since they’re most likely to lose parents) will use the money for a down-payment on a home, but 52% of them already own homes, and many Boomers will be leaving behind their own homes, so it’s safe to say substantially less than half of them will need to cash out their parents 401Ks for homes. Student loans will probably take up some of that money, but the average student loan debt is $32K, while the average boomer has about 200K in retirement savings, so even the student debt crisis isn’t going to take that much money out of the market.

    The real thing to watch is medical costs. Boomers are living longer while medical costs are skyrocketing, so it does seem that a lot of the wealth the Boomers accumulated is going to medical industry instead of Millennials. I don’t know hoe that’s going to impact the market though.