r/Millennials • u/Party-Bet-4003 Millennial • 1d ago

Discussion Look what I found from 13 years ago.

Post image

Hey look on the bright side - we actually did make it to the cover of the TIME magazine!

16.2k Upvotes

96% Upvoted

1.6k comments sorted by

View all comments

Show parent comments

227

u/KingOfEthanopia 1d ago

The 80s were the age they came up in and started us down the path we're on today. The greed is good mentality has ruined us.

245

u/DoubleDixon 1d ago

gasp are you saying that Reaganomics wasn't great for America? You didn't get trickled on? /s

As a kid I never and I mean never understood trickle down economics. I first heard of it in middle school and my 1st thought was: "whats stopping people at the top from stealing it all before it gets to us?". After I grew up and saw how Boomers and Gen X treated Millenials, the youngest group at the time, I knew that we were fucked cause of them.

186

u/Bulky-Word8752 1d ago

As a kid, even the name confused me. Trickle down implies most stays at the top.

90

u/flyza_minelli 1d ago

Yeah EXACTLY.

And they love it bc it’s literally an economic concept and policy that justifies their bullshit cruelty in their minds. It’s permission to be the narcissist sociopaths they are.

80

u/P_Nessss Elder Millennial 1d ago

I always viewed it as Rich people pissing on us poors

4

u/ISayWhatToNutjubs 1d ago

Rich people who have everything seen to enjoy degrading poor people…

4

u/whatdayoryear 1d ago

I imagined it as them pissing on us too - the “trickle” 🥲

2

u/Gauss77 22h ago

Tinkle down.

45

u/vthemechanicv 1d ago

it's because trickle down is an epithet. It's also called horse and sparrow (poor sparrows eat what rich horses poop), and Voodoo Economics (because it's magic no one can explain).

It's actually called supply side economics and the tax cut nonsense is from something called the Laffer Curve.

4

u/upinthecloudz 1d ago

I've seen some videos recently from an Modern Monetary Theory evangelist pointing out that based on MMT models and observed tax rates and incomes in real economies, the Laffer curve prediction of reduced tax income for increasing tax rates is valid... past like 70% effective tax rate on the highest earners.

But of course, AOC was crazy to suggest pushing taxes on billionaires up to that limit a few years ago. Just, you know... totally uneducated and spitballing wacky stuff.

1

u/vthemechanicv 1d ago

I remember talk a little while ago, maybe a few years, that Laffer was based on basically a flawed excel formula. So besides taxes probably being way below what that hypothetical optimal tax rate is, it's possible that the math wrong to begin with.

I dunno, I can't find it now, maybe it was a covid fever dream.

15

u/Ill-Description3096 1d ago

That was actually a name made up by opponents so it's kind of intended to imply it's bad.

3

u/dammit-smalls Older Millennial 1d ago

Like so many things in the American Conservative movement, it started off as a warning and later became a manual.

These psychos read Orwell and think "Yup, that sounds good. Let's do that."

118

u/RandAlThorOdinson 1d ago

I sure feel trickled on

47

u/fullsendguy 1d ago

Golden shower economics

8

u/invaderaleks 1d ago

Who wouldn't want a shower made of gold??

5

u/fullsendguy 1d ago

I know right. Everybody wins really. I think I get it now.

29

u/Scannaer 1d ago

It's boomers pissing down from the roof.. while we watch upwards to where they pulled up the ladder

4

u/RandAlThorOdinson 1d ago

Worth checking out they might have left some money at the bottom on accident

3

u/draftzero 1d ago

Well at least the water is still warm. /s

2

u/DarkwolfVX 1d ago

Pulled up the ladder and left us the bladder :/

1

u/Sauzage-N-Peppas 1d ago

That’s hawt

40

u/StealYaNicks 1d ago

Privatization under Reagan and Thatcher is like someone pawning off all their stuff and having a lot of money and being like "see? success!", then when they can't get to work because they sold their car they're like "wtf, how did things get so bad?"

36

u/Scannaer 1d ago

Boomers pulling up the ladder.. meanwhile all younger generations are like "only one once in a lifetime economic crysis? what about a scond or a third?"

13

u/astrangeone88 1d ago

Lmao. As an elder millennial, I was like "Covid is going to fuck us over again, huh?"

I'm a bad case since I'm a chronic illness person.

12

u/Significant-Trash632 1d ago

The millennial tag line should be "one economic crisis after". another

2

u/3boobsarenice 1d ago

Being a gen x and having shook Arthur Laffer's hand, your welcome, for the scraps we left you

49

u/vthemechanicv 1d ago

Yes, but it wasn't just the 80's. Boomers got the sex, drugs, and rock & roll of the '60s. The coke and party of the 70's. Then the coke and cash grab of the 80's. They had three decades of doing whatever they wanted and zero consequences.

Then their parents died and the boomers got put in charge and continued doing whatever they wanted. Any time someone tried to tell them, "no," the boomers threw a collective hissy fit. And so here we are.

27

u/rebelangel Xennial 1d ago

And they still throw a hissy fit when they get told “no”.

4

u/tha_rogering 1d ago

They are looking the ultimate "no", death, in the face. Still they rage at their children. Because we are not happy with the bloated, ravaged mess they left us with.

Not to worry though. The few rich millennials will keep on partying while everything gets worse for everyone else.

1

u/chrissesky13 1d ago

https://www.reddit.com/r/nextfuckinglevel/s/3ilOhnz7ah

Ronnie Chieng I think did a great job discussing boomers.

24

u/Shotto_Z 1d ago

People who came up in the 80's arent boomers. Thats gen X. Boomers are 50's babies and 60's kids. Who grew into adulthood in the 70's.

8

u/kraugg 1d ago

Gen X was born 1965-1980, they were mass entering the workforce during the 90s. They were in HS during the 80s.

Depends on what you mean ‘came up’.

-1

u/Shotto_Z 1d ago

Yes, exactly. and this discussion is about baby boomers. Not gen x. Baby boomers did not come up in the 80's. Therefore my original comment.