I don't know much about Punk but I grew up in the 80s.
As I understand it, the anti-establishment, counter-culture movement called Punk Rock was really just rich White kids from the suburbs that didn't have a problem in the world. Kind of like the hippies in the 60s that used to protest against the government while Black people in America were fighting for civil rights.
The Punk Rock movement was just rich White kids that didn't have anything better to do than get a mohawk and wear combat boots to look different. But their parents were rich and they had trust funds, kind of like the White rappers of today that wear Hip Hop clothing, gold teeth and tattoos when they're really from the suburbs and if they really wanted to they could just clean themselves up and get a 9-5 job working in a cubicle if they wanted to. The difference is that the Black/Latino people from the ghetto can't get a 9-5 working in a cubicle because of their upbringing makes it impossible (almost).