OK Boomer; Normal friction or wealth and social inequality symptom

Discussion in 'Share Investing Strategies, Theories & Education' started by dunno, 18th Nov, 2019.

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  1. kierank

    kierank Well-Known Member

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    What a waste!! What an idiot!!!

    Won $18M+ at age 19, blew the lot by age 29

    Category: | The Courier Mail

    What I could have done with that amount of cash!!!
     
  2. TSK

    TSK Well-Known Member

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    What’s the point of this post. An individual made bad choices vs. a retirees getting massive tax concessions! Not even an Australian article.
     
  3. willair

    willair Well-Known Member Premium Member

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    Quote..
    He said after his win, he would binge on drugs and alcohol, doing “three lines” of cocaine and downing “half a bottle of vodka” before even getting out of bed.

    “I was a full-blown alcoholic, doing two bottles of vodka a day,” he said.

    Mr Carroll still buys the occasional lotto ticket but is convinced money is the “root of all evil”.

    Makes me wonder how this gentleman even got out of bed ..
     
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  4. kierank

    kierank Well-Known Member

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    Exactly.

    Unfortunately, the world is full of people who make bad choices.

    So sad to see this individual (and he is not alone) make so many bad choices when he could have made so many better ones.

    Exactly.

    Goes to show that this is a not just an Australian problem. It is a global problem.

    I really didn’t think I would have to explain this in PC :eek:.
     
  5. TSK

    TSK Well-Known Member

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    Really...from your post all of that was to be extrapolated....sure mate.
     
  6. kierank

    kierank Well-Known Member

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    ... and what can one extrapolate from your post?
     
  7. skater

    skater Well-Known Member

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    So....baby boomers have it easy, and the millennials have it tough. They can't afford even a simple house. Funny, I didn't see any millennials here:
    https://www.realestate.com.au/sold/property-house-nsw-emerton-130727398 or
    https://www.realestate.com.au/sold/property-house-nsw-lethbridge+park-130874314
    Perfect for a youngster looking to get a foot-hold in the market. The only person bidding on these was me. Yeah, I know, I'm lucky, and I've just stolen the dreams off of 2 Millenials by buying & fixing these properties. It didn't take any hard work at all, just a magic wand.:p
     
  8. dunno

    dunno Well-Known Member

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    I asked my daughter what it meant when her generation used the term O.K Boomer.

    She said it's O.K dad your'e not a boomer, it's an attitude thing not an age thing.

    Pressing on after wondering, Hmmmm is that good that she thinks I have a good attitude or is it bad that she thinks I'm old enough to be a boomer. Gen X thankyou.

    So apparently OK boomer is the political equivalent of "whatever". She said it's like when I say whatever to end a discussion with you where you're obviously going to win because you have the power not because you are right.

    She thinks OK boomer is mainly used in relation to attitudes around environment. She thinks younger people's views are not being listened to. Ok boomer is a shut down of the conversation, what they are now looking for is a change of power dynamics to do what hasn't been achieved through discussion.

    So that is what the phrase means to one young person.
     
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  9. Nodrog

    Nodrog Well-Known Member

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    An intellegent, reasoned, unemotional and well considered response to anyone who dare criticise Boomers:

    DCB0887B-4759-4767-A658-E8E0DD5E00DE.jpeg

    160B4B9B-8E5A-4A88-A73B-B9C6971AE215.png

    :p:cool:
     
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  10. MWI

    MWI Well-Known Member

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    I suppose one point could be that just because one has an advantage, whether winning money or having rules and regulations beneficial, doesn't really mean ALL will take advantage of it. Some will some won't, some will save some won't, some will invest some won't, some will gamble some won't, etc....
    So the point is: it is not the circumstances one finds itself in but rather what one does in such a situation.
     
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  11. kierank

    kierank Well-Known Member

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    According to Wikipedia, the phrase "OK Boomer" is a pejorative retort used to dismiss or mock perceived narrow-minded, outdated, negatively-judgemental, or condescending attitudes of older people, particularly baby boomers.

    OK Gen X

    OK Gen Y

    OK Gen Z
     
  12. # 1

    # 1 Well-Known Member

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  13. skater

    skater Well-Known Member

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    Or you could just roll your eyes, as you say "Millenial"
     
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  14. Simon Hampel

    Simon Hampel Founder Staff Member

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    #NotAllBoomers :rolleyes: :p
     
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  15. TSK

    TSK Well-Known Member

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    pretty sure Howard was a boomer. so yeah, actually it was a boomer fault.
     
  16. Kelvin Cunnington

    Kelvin Cunnington Well-Known Member

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    Recent Polls taken in the USA show that almost 70% of Millennial who are eligible to vote favour Socialism over Capitalism.
    I suspect this is because they are not being taught the histories of both Capitalism, and Socialism (the examples of its implementation in the last 120 years) truthfully.
    It appears that in schools and Universities Socialism is now being glorified, and Capitalism is being demonised - hence the Poll results and possibly why so many are now anti-Capitalist - while living in a Capitalist Country.
    You can argue the Pros and Cons of both, but Students should be given bare, objective facts, and let them make up their own mind.
     
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  17. inertia

    inertia Well-Known Member

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  18. Trainee

    Trainee Well-Known Member

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    Young people tend to lean left. Suspect that gen x moved a bit after a boom.
     
  19. spludgey

    spludgey Well-Known Member

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    I grew up in a country that would be classified as a socialist country by many in America and by some here: (West) Germany

    Have a look at the countries with the highest standard of living. 8/10 are "socialist"!

    Would I like Australia (who's a lot more socialist than America) to become more socialist? Absolutely!
     
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  20. hammer

    hammer Well-Known Member

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    The generation friction has always been there but I wonder if it has been turned up a notch or 11 with increasing life expectancy?

    We know that we tend to get more conservative as we age so could it be possible that as we're were now ageing for longer that we've now got the time to become even more conservative?

    #randomthought
     
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