Baby boomers comprised a larger share of voters in 2024, accounting for 32%, but they are trending lower after hitting a peak of 36% in 2016.
Ocasio-Cortez, a millennial herself, expects the younger generation will soon tip the scales in American politics.
“Millennials are not punk kids anymore. We’re grown adults with mortgages and kids,” she said. “And we—that generation is starting to be decisive at the polls. And there is anger at being ignored, sidelined, having our economic futures mortgaged by the generations that came before us on everything from the economy to climate. And we’re taking the reins.”
From global warming to debt crisis to lack of affordable health insurance (all intentional), Boomers have definitely overstayed their welcome.
Those are also good things and we should do them.
Wealth tax isn’t directly going to fund the welfare state. The purpose is to slow or reverse the concentration of wealth into ever fewer hands.
If we fail to tax wealth, every other good government reform will only delay the inevitable slide into poverty. They might delay it for a generation or 2, because many nations have vast resources or have not reached high levels of inequality or both, but eventually, the rich will own everything if they are not stopped.