‘Entitled’ millennial generation ‘never had to sacrifice’: BlackRock exec

Inflation and high gas prices are forcing a generation of “entitled” younger Americans to learn the pain of not being able to buy things at the store, the head of asset management giant BlackRock said.

“For the first time, this generation is going to go into a store and not be able to get what they want,” BlackRock President Rob Kapito told a conference in Austin, Texas, on Tuesday.

“And we have a very entitled generation that has never had to sacrifice.”

Kapito’s remarks were first reported by Bloomberg News.

Kapito said that the US economy is beset with what he called “scarcity inflation,” which translates into a shortage of workers, supplies, housing, and even energy.

“I would put on your seat belts because this is something that we haven’t seen,” Kapito said.

Kapito’s comments came on the heels of a similar warning from BlackRock CEO Larry Fink, who said last week that the Russian invasion of Ukraine “has put an end to the globalization we have experienced over the last three decades.”

The head of the world’s biggest asset manager sent a letter to shareholders on Thursday warning of dark days ahead for the world economy, signaling that inflation is of particular concern.

Fink predicted that the war will force countries to re-evaluate the extent to which their economies are interdependent on others. It could also spur economies to develop greater reliance on local manufacturing, according to Fink.

“Russia’s aggression in Ukraine and its subsequent decoupling from the global economy is going to prompt companies and governments worldwide to re-evaluate their dependencies and re-analyze their manufacturing and assembly footprints — something that Covid had already spurred many to start doing,” he wrote.

Carl Icahn, the billionaire investor and corporate raider, said last week that the American economy could be in for a “recession or even worse” as policymakers struggle to bring rapid inflation under control.


Earlier this month, the Federal Reserve raised interest rates by 0.25% — the first time since 2018 that the central bank has hiked rates — in an effort to get inflation under control.

The latest US inflation rate hit 7.9% — the highest in 40 years — underlining just how much prices have risen over the past year.

https://nypost.com/2022/03/30/millennials-are-entitled-generation-blackrock-president/

when?

 

[Red Hood]

Sacrifice to the corporate gods. For you are only risking your paycheck, your health, and your stability. But THEY are risking fraction of a percent profit.

 

[ZeCommissar]

Sacrifice for what exactly? The extreme incompetence of our government to not fuck up literally everything it touches? A coof that targeted mainly boomers, and fat people? A bunch of slav niggers doing to each other what they've been doing for centuries?

 

[Jet Fuel Johnny]

Never had to sacrifice?

Look, I'll bag on Gen-Y and Gen-Z, it's my right as Gen-X, but they DID sacrifice.

They sacrificed the very things that shit piece of shit is buying up and holding just out of their reach.

This guy can eat a bag of dicks.

 

[mr.moon1488]

It will never cease to amaze me how multibillionaire Jews can without any reservation criticize the common man for being privileged.

 

[That Chris Guy]

I'd gladly sacrifice you, Kapito.

 

[I-chi]

Eat a cock, boomer. You'll fucking die soon, and there's literally nothing you can do to stop it. You know it. And WE all know that terrifies the shit out of you.

 

[the clap]

Here's my five tips to succeed in life:

1. Find a successful host country
2. . .

 

[GUTTERFLY]

Man I love boomers who bought houses for 50k in the late 80's, make millions of dollars all the while not being able to open a .PDF file tell me that 3 once in a lifetime recessions is not "sacrifice."

Corporate greed is uncomprehensible.

 

[Drkinferno72]

It's time for guillotines, it's time to raise the boards
It's time to sharpen blades, we just can't take this any more
Those peaceful protests just were not cutting it
Martin Luther King and Ghandi both can go suck a dick

 

[derpherp2]

All my friends are dead all because they believed in something, you stupid twat.

Pretty sure they sacrificed plenty.
But hey speaking of sacrifice, how's that housing bubble going.

Would be a shame if the number one buyer for real estate was suffering an economical crisis that you can't gauge because they're a bunch of retards.

I wonder how that happened.
If only there was a war to jumpstart the economy. Amirite?

You people are pathetic, predictable, old, and fat.

 

[KittyGremlin]

Never knew Kiwifarms would be this willing to eat the rich. Not complaining, not endorsing, just saying.

 

[Psychotron]

“For the first time, this generation is going to go into a store and not be able to get what they want,” BlackRock President Rob Kapito told a conference in Austin, Texas, on Tuesday."

I was unaware they sold affordable housing in brick and mortar stores.

 

[Queen Elizabeth II]

It's rich coming from him, but he isn't wrong.

People historically have had to make choices. To eat or be warm. To breed or to buy property. To be educated or to be healthy.

The past few generations in the west have been very pampered. This is a luxury that was bought with the hardship of your ancestors. I'm saying yours because my lot isn't of western extraction.

The gravy train cant last forever. Maybe a bit of hardship will build some character.

Yes. Hate people like this for being the thieves they are. But also remember you are living on the backs of someone else's sacrifice and it isn't in infinite supply.

 

[MadStan]

Every generation thinks the newest one is entitled. Yawn.

 

[ZehnBoat]

Rich people got no reason
Rich people got no reason
Rich people got no reason
To live
They got little hands
And little eyes
And they walk around
Tellin' great big lies
They got big noses
And sleep in little beds
They wear little hats
On their nasty little heads

 

[Whatevermancer]

What a faggot.

 

[HodgePodgeRogerDodger]

It's rich coming from him, but he isn't wrong.

People historically have had to make choices. To eat or be warm. To breed or to buy property. To be educated or to be healthy.

The past few generations in the west have been very pampered. This is a luxury that was bought with the hardship of your ancestors. I'm saying yours because my lot isn't of western extraction.

The gravy train cant last forever. Maybe a bit of hardship will build some character.

Yes. Hate people like this for being the thieves they are. But also remember you are living on the backs of someone else's sacrifice and it isn't in infinite supply.

The issue I see is that the Millennials and Zoomers really have no say. The US has been lead by the same Silent Gen and Baby Boomer Gen fucks since the 70’s. They’ve enshrined themselves and built non-democratic positions for their supporters.
The political class has gorged themselves while a lot of the Gen X, millennials, and zoomers are fucked finding meaningful or gainful employment. They shipped jobs overseas so they could get a little more money.

Their lives are relatively easy, but it’s hard to actually not be fucked by the retards in power. The Gravy Train already stopped in a lot of places, a lot of towns in the Rust Belt are dead. There’s no work and either you move or live in a ghost town.

 

[Akashic Retard]

In a way I agree with him, but the statement takes on a completely different meaning when the person saying it is not only complicit in imposing the sacrifice but also benefiting from it immensely.

 

[Jet Fuel Johnny]

The gravy train cant last forever. Maybe a bit of hardship will build some character.

The gravy train ended when the jobs were sent overseas and the environmentalists gutted what was left.

The gravy train ended when the Boomers decided that if they couldn't take it with them they'd burn it all down.

The gravy train left and the people on it pissed over the side telling everyone else it was raining.

And I didn't bust my ass this hard or go through the things I did for some rich faggot to tell my kids they'll have to undergo hardship while he sails off on a 90 foot yacht powered by the souls of orphans and made entirely out of ivory.