The pinch
This text argues that the baby boomer generation have thrived at the expense of their children. Social, cultural and economic provision has been made for the reigning section of society, whilst the needs of the next generation have taken a back seat.
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What Hacker News says
- This is related to the topic of this interesting book about how baby boomers stole resources from their own children (although obviously the supposed cause is quite different from the article):
https://www.amazon.co.uk/Pinch-Boomers-Childrens-Future-Shou...
- There's a good book about this:
http://www.amazon.co.uk/The-Pinch-Boomers-Childrens-Future/d...
... by a serving UK cabinet minister (so I guess it didn't do a lot of good).
- Politics and current affairs
Game Change: Obama and the Clintons, McCain and Palin, and the Race of a Lifetime. By John Heilemann and Mark Halperin
The Bridge: The Life and Rise of Barack Obama. By David Remnick
The Party: The Secret World of China's Communist Rulers. By Richard McGregor
Country Driving: A Journey Through China from Farm to Factory. By Peter Hessler
Molotovâs Magic Lantern: A Journey in Russian History. By Rachel Polonsky
Curfewed Night: One Kashmiri Journalistâs Frontline Account of Life, Love and War in his Homeland. By Basharat Peer
The Fear: The Last Days of Robert Mugabe. By Peter Godwin
The Watchers: The Rise of Americaâs Surveillance State. By Shane Harris
The Rule of Law. By Tom Bingham
The Pinch: How the Baby Boomers Took Their Childrenâs Futureâand Why They Should Give it Back By David Willetts
Biography and memoir
The Hare with Amber Eyes: A Hidden Inheritance. By Edmund de Waal
Lives Like Loaded Guns: Emily Dickinson and Her Familyâs Feuds. By Lyndall Gordon
Finishing the Hat: Collected Lyrics (1954-1981) With Attendant Comments, Principles, Heresies, Grudges, Whines and Anecdotes. By Stephen Sondheim
The Cello Suites: J.S. Bach, Pablo Casals and the Search for a Baroque Masterpiece.By Eric Siblin
History
Bloodlands: Europe between Hitler and Stalin. By Timothy Snyder
Why the West RulesâFor Now: The Patterns of History and What They Reveal About the Future. By Ian Morris
Mao's Great Famine: The History of China's Most Devastating Catastrophe, 1958-1962. By Frank Dikotter
Red Plenty: Industry! Progress! Abundance! Inside the Fifties' Soviet Dream. By Francis Spufford
A World on Fire: An Epic History of Two Nations Divided. By Amanda Foreman
The Warmth of Other Suns: The Epic Story of Americaâs Great Migration. By Isabel Wilkerson
Pearl Buck in China: Journey to the Good Earth. By Hilary Spurling
A History of the World in 100 Objects. By Neil MacGregor
Economics and business
The Big Short: Inside the Doomsday Machine. By Michael Lewis
More Money Than God: Hedge Funds and the Making of the New Elite. By Sebastian Mallaby
High Financier: The Lives and Time of Siegmund Warburg. By Niall Ferguson
Science and technology
A Vast Machine: Computer Models, Climate Data, and the Politics of Global Warming. By Paul Edwards
Biology is Technology: The Promise, Peril, and New Business of Engineering Life. By Rob Carlson
The Rational Optimist: How Prosperity Evolves. By Matt Ridley
Where Good Ideas Come From: The Natural History of Innovation. By Steven Johnson
What Technology Wants. By Kevin Kelly
The Emperor of All Maladies: A Biography of Cancer. By Siddhartha Mukherjee
Culture, society and travel
Through the Language Glass: Why the World Looks Different in Other Languages. By Guy Deutscher
Sweetness and Blood: How Surfing Spread from Hawaii and California to the Rest of the World, With Some Unexpected Results. By Michael Scott Moore
Showtime: A History of the Broadway Musical Theatre. By Larry Stempel
McGilchristâs Greek Islands. By Nigel McGilchrist
Fiction
Freedom. By Jonathan Franzen
To the End of the Land. By David Grossman
Parrot and Olivier in America. By Peter Carey
The Unnamed. By Joshua Ferris
Mr Peanut. By Adam Ross
The Imperfectionists. By Tom Rachman
Selected Stories. By William Trevor
Poetry
Human chain. By Seamus Heaney
White Egrets: Poems. By Derek Walcott
(lets hear it for perl one-liners.)
- > Housing in Singapore is famously affordable ... There's just no good data backing your claim.
There is quite a bit of data backing the claim in countries whose culture includes the nuclear family. David Willetts published a book on this, he also runs a foundation called the Resolution Foundation.
I'll refer you to him. The book's name is called "The Pinch".
The problem with using Japan or Singapore as examples is that they are collectivist societies. The social milei is fundamentally different.
> How does a house have better tax treatment and cash flow than buying a vanguard ETF.
First, the risk in any stock market security today is unmanageable. Take your pick with price discovery (dark pools > 50% volume transactions), chaotic geopolitics, monetary instabilities, etc.
This isn't financial advice. You should take a look at the book Rich Dad Poor Dad, the stories are mostly BS, but the financial parts works, don't get conned into taking a seminar.
With real estate, you turn it into a business. Business expenses are fully deductible. You have cash flow from renters that pay mortgage after you reach a a certain point on your loan schedule. You can deduct the mortgage interest, choose when to use cash flow for a number of things including capital improvements, 1031-exchange, and the best part, you've bought it on leverage.
You pay 20% for 100% of the use.
Every year, 2% or more of what you owed in purchasing power evaporates, then there's depreciation and its recapture loopholes, and this is just the surface.
A competent CPA, will be able to advise in more depth. Obviously this isn't financial advice, just answering your question.
