Government bailouts and deficit spending artificially prop up asset prices, preventing natural market corrections that would allow younger generations to purchase assets at lower prices, thereby transferring wealth from young people to older generations who own the bailed-out companies.
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Bailouts Stole Your FutureAdded:
But what we decided, the leadership of my generation has decided we'd rather pull out your credit card and artificially prop up the markets through deficit spending or bailouts.
They're talking We mentioned Spirit Airlines. They're talking about a $500 million government loan to Spirit Airlines to bail them out.
That's nothing but you transferring money to me.
Because who owns shares in Spirit?
People my age.
Who's trying to buy for cheap?
People your age.
It should be allowed to go out of business. It should decline in price.
Asset value should go down. When we bailed out every baby boomer or owner of a restaurant or a small business in COVID, that just robbed opportunity from the new graduate of a culinary academy who wanted her shot to go buy a restaurant for pennies on the dollar.
Everyone in my generation has had those asset dips where if you were resilient and coming into prime income earning years, you could buy assets for a lower price. We've decided that the the government is here to bail my generation out and smooth out our assets. Make sure that our assets never go down by too much. All that does is rob opportunity from your generation.
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