Guest Post by David Haggith at The Great Reecession Blog
It’s a good question to ask on the day after Christmas, when we have all used our credit cards to buy gifts for others. In spite of this seasonal gift buying, I think there has never been a more selfish generation. (Regular readers of this blog are excepted because you wouldn’t be reading this contrarian blog if you were content with what I am about to describe … as others seem to be. So, I am preaching to the choir but can only hope this strengthens the choir’s resolve to stand against corruption and greed.)
What is so selfish about this generation?
What other generation has been so amenable toward letting future generations pay for their lavish lifestyles? Many live in MacMansions purchased with thirty-year loans they won’t live to repay. With minds at peace, they leave those mortgages to their children and grandchildren. Even those in the US who do not live in veneered mansions enjoy a lifestyle made possible only by compounding the greatest mountains of rotting, stinking national debt mankind has ever heaped. This rubbish is their gift to posterity as, again, they have no thought whatsoever of attempting to pay off this debt.
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