Anna Praschma retweeted
Forget history textbooks...the real power move is staying relevant at every bistro worldwide.š„
Anna Praschma retweeted
Retirees own 60% of the wealth in Feance. Given high life expectancy, when they pass it on, wealth is not inherited by the young, but by the about to be old (those in their 50s). Read the entire thing, an excellent analysis of the pickle our societies find themselves in.
The ugly truth about France and some of the other European countries currently in turmoil - and which none of the politicians want to admit because it'd be political suicide - is that you can't solve the problem by going after immigrants (as the right asserts) or the rich (as the left asserts), but you could solve it by going after the old.
One extraordinary statistic for you: people over 60 in France, a quarter of the population, own 60% of France's wealth, non-financial and financial (ofce.fr/pdf/revue/2025/3-192ā¦).
And here is another crazy statistic:
that same quarter of the population, those above 60, receive nearly two-thirds of all social spending by the French government (previssima.fr/actualite/protā¦) - which is famously among the highest in the world (France's government spending is an insane 57.3% of GDP).
Last statistic: they make up about 40% of voters because they're a third of registered voters (insee.fr/fr/statistiques/266ā¦), and they turn out far more than anyone else (franceinfo.fr/elections/sondā¦).
Put our 3 statistics together and there's almost a bit of an apartheid situation here: the old own most of the country's wealth, collect most of the social spending and have the political power to keep it that way.
Which makes them a de-facto rentier class, living off assets and transfers paid for by younger generations.
And, of course, at the risk of stating a truism, the future is built by the young. Yet France keeps effectively taking money away from them to give it to those whose working lives are already behind them - and need the money far less since they already own the country's wealth.
What about inheritance, I hear you ask? That's the funniest/saddest aspect: given that life expectancy has kept rising, the French now inherit a home at 54 on average. The most common case is someone in their 80s leaving it to heirs in their 50s, in effect the very old transferring wealth to the about-to-be old (insee.fr/fr/statistiques/ficā¦).
You can add this to our earlier apartheid statement: on top of all the rest, even when the old finally let go of their wealth, it stays within their own "camp".
That's my personal situation, incidentally: I'm 42, my father is 71 and he is starting to look at ways to pass things on to me and my siblings, when our professional lives are already well settled, so it'll arrive when it changes things the least, which is pretty much the French system in a nutshell.
Now, I get that there'd be some unfairness in going after them: they paid into the system their entire working lives, playing by the rules of a social contract that told them if they paid up they'd collect at the end. Changing the rules now means breaking that promise, which is admittedly unfair.
But there's no magic wealth tree in any society: you can only take it where it is. That's the way most major societal transformations end up happening. They're often triggered by a catastrophic event (the so-called "four horsemen": mass-mobilisation war, revolution, state collapse, plague) BUT what really drives change is a transfer: wealth gets pried from the privileged class who've been sitting on it and handed to those who'll build what comes next.
So, in theory and in an ideal world, you can do without the catastrophic event and directly proceed with the transfer...
The fact that in France, and elsewhere in Europe, it's the youth protesting is probably no coincidence - even though they don't frame it as a generational fight. And even though, cruel irony, the left politicians many of them march behind promise to bring the retirement age back to 60 (lcp.fr/actualites/legislativā¦), which would make the situation even worse.
Let's say they understand intuitively that the system is stacked against them, even if they haven't yet figured out how. And politicians are obviously doing what politicians do, meaning pandering to the people who actually vote, while pointing the young towards easier - and politically convenient - scapegoats.
To be clear I'm not saying it's the only problem in France, VERY far from it. I'm also not saying that all old people in France live a lavish lifestyle at the expense of younger generations: there are also plenty of very poor retirees who, if anything, would deserve more.
What I am saying is that it's probably the biggest elephant in the room: everyone can see it, nobody dares mention it - no politician, from any side, wants to run on cutting grandma's pension - and it makes every other problem harder to fix.
Anna Praschma retweeted
TechBro: āHey babe, I have a fun date night planned for usā
The date spot: š¢
Shoutout to Somali healthcare workers (and others) in the US, we appreciate you. Donāt listen to this idiot.
I can report from the frontlines that Beverly Hills is not an exporter of high culture.
It is incredible how many people are quote-tweeting this as if the Cheesecake Factory is a local restaurant in Macon, Georgia, still owned by the same family.
Itās a major chain that was founded in Beverly Hills, California, and whose first locations opened in Marina del Rey and Washington, D.C.
Good lord!
Anna Praschma retweeted
You can also go to a public library and have a conversation with a librarian that might help you expand your taste and worldview instead of merely affirming it. Theyāll even let you check out the books for free.
Just heard a German news podcaster refer to Sarah Palin as belonging to the āBoston Tea Partyā and I feel bad for Boston.
Thatās a choice.
2025 study: Of 102 California AI companies that had raised at least $50M, women held just 15% of board seats. 43% had no women directors at all. Among companies with $50M to $99M in funding, nearly 2/3 had all-male boards.
forbes.com/councils/forbesbuā¦
Anna Praschma retweeted
Women can read weaponized incompetence in men all day long but when it comes to Elizabeth Holmes, a woman who is proven to be smart and calculating, all of a sudden yāall turn into Lea Michele, make it make sense
Anna Praschma retweeted
underrated joke in You Can See Everything is Billy saying āthe prototype will be done in less than a yearā and Nathan saying āwell, let me know when itās doneā followed by the hard cut to TWO YEARS LATER
Anna Praschma retweeted
The Cheesecake Factory ā an establishment I love ā is so infamously gaudy and over-the-top the designer regularly gives interviews about it
I mean those big mushroom like things? Itās like weāre tiny ants in a Hobbit shire.
Also the best lemonade anywhere, and I will die on that hill.
I spent my 1L summer in that heat wave. It was something.



























