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The Economist nails it

135

Comments

  • MikeDamoneMikeDamone Member Posts: 37,781

    HHusky said:

    “Though rising total spending on the old is justified, a full-scale gerontocracy is not. Retirees with deep pockets do not need public handouts. On the contrary, they should bear a heavier burden as taxes shift from wages, towards property, inheritance and consumption.”

    Time to stop engaging in this fantasy about lowering taxes when you have a society filled with old fuckers living on entitlements. The olds are too numerous and too wealthy overall not to be paying more.

    Sounds like your problem is with FDR and the progressives.
    There is no opt out on paying in to Social Security nor is there anything to stop the government from looting it

    Madhoff died in prison for his Ponzi scheme
    Nope. The only hope is to live long enough to get some of the stolen money back.
  • WestlinnDuckWestlinnDuck Member Posts: 15,003 Standard Supporter
    HHusky said:

    Today, Social Security is the largest program in the federal budget and typically makes up almost one-quarter of total federal spending.Sep 1, 2021

    I'm like Bob. I paid into social security with an employer match at the maximum social security base for decades. Put into a IRA and invested into a S&P 500 index and my retirement would be boosted by millions. But, my Mom probably paid in less than $100 in Social Security and yet pulled out at least $400,000 out of it. Today, young people will be lucky to get anything out of it. The social security fund, no matter how much people who just retired got screwed, was never actuarily sound. Then toss in the social security disability scam. No serious vetting and like all government program designed to deal out benefits with little accountability.
  • HHuskyHHusky Member Posts: 20,354

    HHusky said:

    HHusky said:

    Kaepsknee said:

    HHusky said:

    “Though rising total spending on the old is justified, a full-scale gerontocracy is not. Retirees with deep pockets do not need public handouts. On the contrary, they should bear a heavier burden as taxes shift from wages, towards property, inheritance and consumption.”

    Time to stop engaging in this fantasy about lowering taxes when you have a society filled with old fuckers living on entitlements. The olds are too numerous and too wealthy overall not to be paying more.

    So you believe that people should be taxed even more again when inheriting property or other assets that were ultimately paid for with after tax dollars in the first place.

    Brilliant.
    Assuming you’re talking about some sort of “fairness” concept, it should be pointed out that the appreciation on these assets was never taxed and that large estates are primarily composed of appreciated assets.
    The only time a rat like HH will mock "fairness" is when he wants to take your money for his politics. Otherwise "fairness" is every rats favorite word when they are trying purchase votes and enslave voters.

    Hey HH, it isn't your money. You did shit to earn it or pay taxes on it the first time. Keep your fucking hands out of others pockets. The capital gains force many to liquidate the asset, that may not bother you because rats like to take other peoples money but it isn't right. Besides, the total collected isn't even going to move the needle when we are talking about rats spending trillions upon trillions.

    How fucking vapid one must be to be a rat and believe that forcing people to sell the family farm so that rat politicians can piss the money away is a good and just thing to advocate?

    The government never needs to increase taxes. They need to cut spending.
    Let’s start with your entitlements.
    Ha ha ha. Entitlements? WTF are those? I have never been entitled or given anything in my life. Are you one of those rats who thinks that everyone who is white, excluding yourself of course, was born with some sort of entitlement?
    Atl says no to Social Security and Medicare.

    Principled!
  • HHuskyHHusky Member Posts: 20,354

    HHusky said:

    HHusky said:

    “Though rising total spending on the old is justified, a full-scale gerontocracy is not. Retirees with deep pockets do not need public handouts. On the contrary, they should bear a heavier burden as taxes shift from wages, towards property, inheritance and consumption.”

    Time to stop engaging in this fantasy about lowering taxes when you have a society filled with old fuckers living on entitlements. The olds are too numerous and too wealthy overall not to be paying more.

    Pretty sure inheritance taxes aren't taxes on the old but sure.gif
    You can fly speck the sentence, but the idea that the numerous and wealthy should continue to be subsidized by the fewer and less wealthy does need revisiting.
    It never should have been put in place in the first place. A struggling young family paying 13% to transfer to older people who are spending their days in leisure is immoral. Should have never happened. Thanks once again to the progressives for their dumbass idea that further hurts the poor.
    Lots of righteous indignation about what shouldn't have happened. Not very helpful in deciding what to do now that it already happened.
  • MikeDamoneMikeDamone Member Posts: 37,781
    HHusky said:

    HHusky said:

    HHusky said:

    Kaepsknee said:

    HHusky said:

    “Though rising total spending on the old is justified, a full-scale gerontocracy is not. Retirees with deep pockets do not need public handouts. On the contrary, they should bear a heavier burden as taxes shift from wages, towards property, inheritance and consumption.”

    Time to stop engaging in this fantasy about lowering taxes when you have a society filled with old fuckers living on entitlements. The olds are too numerous and too wealthy overall not to be paying more.

    So you believe that people should be taxed even more again when inheriting property or other assets that were ultimately paid for with after tax dollars in the first place.

    Brilliant.
    Assuming you’re talking about some sort of “fairness” concept, it should be pointed out that the appreciation on these assets was never taxed and that large estates are primarily composed of appreciated assets.
    The only time a rat like HH will mock "fairness" is when he wants to take your money for his politics. Otherwise "fairness" is every rats favorite word when they are trying purchase votes and enslave voters.

    Hey HH, it isn't your money. You did shit to earn it or pay taxes on it the first time. Keep your fucking hands out of others pockets. The capital gains force many to liquidate the asset, that may not bother you because rats like to take other peoples money but it isn't right. Besides, the total collected isn't even going to move the needle when we are talking about rats spending trillions upon trillions.

    How fucking vapid one must be to be a rat and believe that forcing people to sell the family farm so that rat politicians can piss the money away is a good and just thing to advocate?

    The government never needs to increase taxes. They need to cut spending.
    Let’s start with your entitlements.
    Ha ha ha. Entitlements? WTF are those? I have never been entitled or given anything in my life. Are you one of those rats who thinks that everyone who is white, excluding yourself of course, was born with some sort of entitlement?
    Atl says no to Social Security and Medicare.

    Principled!
    Pressing
  • HHuskyHHusky Member Posts: 20,354

    HHusky said:

    Today, Social Security is the largest program in the federal budget and typically makes up almost one-quarter of total federal spending.Sep 1, 2021

    Sounds like 75% can be cut then. Math is hard

    And of course I paid in to SS and so did my employers. Too bad the folks you vote for looted it.
    I paid both halves.

    So what?

    Which of you is going to vote to end the payments flowing to you?
  • HHuskyHHusky Member Posts: 20,354

    HHusky said:

    HHusky said:

    HHusky said:

    Kaepsknee said:

    HHusky said:

    “Though rising total spending on the old is justified, a full-scale gerontocracy is not. Retirees with deep pockets do not need public handouts. On the contrary, they should bear a heavier burden as taxes shift from wages, towards property, inheritance and consumption.”

    Time to stop engaging in this fantasy about lowering taxes when you have a society filled with old fuckers living on entitlements. The olds are too numerous and too wealthy overall not to be paying more.

    So you believe that people should be taxed even more again when inheriting property or other assets that were ultimately paid for with after tax dollars in the first place.

    Brilliant.
    Assuming you’re talking about some sort of “fairness” concept, it should be pointed out that the appreciation on these assets was never taxed and that large estates are primarily composed of appreciated assets.
    The only time a rat like HH will mock "fairness" is when he wants to take your money for his politics. Otherwise "fairness" is every rats favorite word when they are trying purchase votes and enslave voters.

    Hey HH, it isn't your money. You did shit to earn it or pay taxes on it the first time. Keep your fucking hands out of others pockets. The capital gains force many to liquidate the asset, that may not bother you because rats like to take other peoples money but it isn't right. Besides, the total collected isn't even going to move the needle when we are talking about rats spending trillions upon trillions.

    How fucking vapid one must be to be a rat and believe that forcing people to sell the family farm so that rat politicians can piss the money away is a good and just thing to advocate?

    The government never needs to increase taxes. They need to cut spending.
    Let’s start with your entitlements.
    Ha ha ha. Entitlements? WTF are those? I have never been entitled or given anything in my life. Are you one of those rats who thinks that everyone who is white, excluding yourself of course, was born with some sort of entitlement?
    Atl says no to Social Security and Medicare.

    Principled!
    Pressing
    So no one wants to cut their own entitlements.

    Seems like I predicted that.

  • HHuskyHHusky Member Posts: 20,354

    HHusky said:

    Today, Social Security is the largest program in the federal budget and typically makes up almost one-quarter of total federal spending.Sep 1, 2021

    I'm like Bob. I paid into social security with an employer match at the maximum social security base for decades. Put into a IRA and invested into a S&P 500 index and my retirement would be boosted by millions. But, my Mom probably paid in less than $100 in Social Security and yet pulled out at least $400,000 out of it. Today, young people will be lucky to get anything out of it. The social security fund, no matter how much people who just retired got screwed, was never actuarily sound. Then toss in the social security disability scam. No serious vetting and like all government program designed to deal out benefits with little accountability.
    Madam, all I asked is which of you will vote to stop your own stream of payments.

    No one, apparently.

    Yet that's where a huge and growing share of all the money is spent.
  • HHuskyHHusky Member Posts: 20,354
    edited November 2021
    In 2020, the share of U.S. federal budget spent on Medicare was 12 percent, a four-times increase since 1970. If current laws stand, the share of federal spending on Medicare could rise to one fifth of total budget by 2051.
  • SkipBoydSkipBoyd Member Posts: 403
    HHusky said:

    hardhat said:

    Death is the solution to all problems

    I’m with you, but there’s just not the level of support for the idea we need.
    HHusky said:

    HHusky said:

    “Though rising total spending on the old is justified, a full-scale gerontocracy is not. Retirees with deep pockets do not need public handouts. On the contrary, they should bear a heavier burden as taxes shift from wages, towards property, inheritance and consumption.”

    Time to stop engaging in this fantasy about lowering taxes when you have a society filled with old fuckers living on entitlements. The olds are too numerous and too wealthy overall not to be paying more.

    Pretty sure inheritance taxes aren't taxes on the old but sure.gif
    You can fly speck the sentence, but the idea that the numerous and wealthy should continue to be subsidized by the fewer and less wealthy does need revisiting.
    Suggestion: take a second to organize your thoughts before posting, so that you don’t have to invariably post twice within a time span of a minute or two. I understand you think you have so much to say you must respond to everything, but it is really just annoying.
  • HHuskyHHusky Member Posts: 20,354
    SkipBoyd said:

    HHusky said:

    hardhat said:

    Death is the solution to all problems

    I’m with you, but there’s just not the level of support for the idea we need.
    HHusky said:

    HHusky said:

    “Though rising total spending on the old is justified, a full-scale gerontocracy is not. Retirees with deep pockets do not need public handouts. On the contrary, they should bear a heavier burden as taxes shift from wages, towards property, inheritance and consumption.”

    Time to stop engaging in this fantasy about lowering taxes when you have a society filled with old fuckers living on entitlements. The olds are too numerous and too wealthy overall not to be paying more.

    Pretty sure inheritance taxes aren't taxes on the old but sure.gif
    You can fly speck the sentence, but the idea that the numerous and wealthy should continue to be subsidized by the fewer and less wealthy does need revisiting.
    Suggestion: take a second to organize your thoughts before posting, so that you don’t have to invariably post twice within a time span of a minute or two. I understand you think you have so much to say you must respond to everything, but it is really just annoying.
    Reading the bored poasts is still a voluntary activity.
  • RaceBannonRaceBannon Member, Swaye's Wigwam Posts: 104,442 Founders Club
    HHusky said:

    HHusky said:

    Today, Social Security is the largest program in the federal budget and typically makes up almost one-quarter of total federal spending.Sep 1, 2021

    Sounds like 75% can be cut then. Math is hard

    And of course I paid in to SS and so did my employers. Too bad the folks you vote for looted it.
    I paid both halves.

    So what?

    Which of you is going to vote to end the payments flowing to you?
    Asked and answered

    Kenosha beckons
  • WestlinnDuckWestlinnDuck Member Posts: 15,003 Standard Supporter
    HHusky said:

    In 2020, the share of U.S. federal budget spent on Medicare was 12 percent, a four-times increase since 1970. If current laws stand, the share of federal spending on Medicare could rise to one fifth of total budget by 2051.

    You know what we need? More chain migration in which legal aliens bring over there parents and grandparents and then stick them on medicare. That's a solution that would definitely take an MBA to figure out.
  • HHuskyHHusky Member Posts: 20,354

    HHusky said:

    In 2020, the share of U.S. federal budget spent on Medicare was 12 percent, a four-times increase since 1970. If current laws stand, the share of federal spending on Medicare could rise to one fifth of total budget by 2051.

    You know what we need? More chain migration in which legal aliens bring over there parents and grandparents and then stick them on medicare. That's a solution that would definitely take an MBA to figure out.
    Doesn’t seem like Gasbag is committing to cut his own entitlements.
  • RaceBannonRaceBannon Member, Swaye's Wigwam Posts: 104,442 Founders Club
    H has successfully argued that social security isn't an entitlement but is an income tax

    So mission accomplished there

    Even though that destroyed his "point"
  • UW_Doog_BotUW_Doog_Bot Member, Swaye's Wigwam Posts: 15,395 Swaye's Wigwam

    HHusky said:

    HHusky said:

    Did anyone actually go look at their effective rate of taxation?

    You girls are great at telling me what someone could pay.

    HHusky said:

    Did anyone actually go look at their effective rate of taxation?

    You girls are great at telling me what someone could pay.

    I notice you completely ignored my other comment. Real head scratcher as to why.
    So your answer is No.
    No, but I'll play, suppose *we don't pay "high taxes" because we are poors.

    Do you think we should be paying higher taxes commensurate with spending?
    HHusky said:

    HHusky said:

    HHusky said:

    Did anyone actually go look at their effective rate of taxation?

    You girls are great at telling me what someone could pay.

    HHusky said:

    Did anyone actually go look at their effective rate of taxation?

    You girls are great at telling me what someone could pay.

    I notice you completely ignored my other comment. Real head scratcher as to why.
    So your answer is No.
    No, but I'll play, suppose *we don't pay "high taxes" because we are poors.

    Do you think we should be paying higher taxes commensurate with spending?
    So no answer. White flag.
    You couldn’t tell my answer is Yes?

    That’s on you.

    In general, we should raise the money we want to spend. And we should raise it from those who have it.
    HHusky said:

    HHusky said:

    HHusky said:

    “Though rising total spending on the old is justified, a full-scale gerontocracy is not. Retirees with deep pockets do not need public handouts. On the contrary, they should bear a heavier burden as taxes shift from wages, towards property, inheritance and consumption.”

    Time to stop engaging in this fantasy about lowering taxes when you have a society filled with old fuckers living on entitlements. The olds are too numerous and too wealthy overall not to be paying more.

    Pretty sure inheritance taxes aren't taxes on the old but sure.gif
    You can fly speck the sentence, but the idea that the numerous and wealthy should continue to be subsidized by the fewer and less wealthy does need revisiting.
    You're contradicting yourself. I heard from you we need to raise taxes on the lower class.
    Might have been voices in your head.
  • WestlinnDuckWestlinnDuck Member Posts: 15,003 Standard Supporter
    More from the more fiscally responsible alternative party. Build Back Better through more "infrastructure" It's almost like the dems and the US Chamber of Commerce want more cheap labor to phuck over the American worker.

    https://justthenews.com/government/congress/scalise-spending-bill-includes-giving-out-630000-green-cards-foreign-workers

    The Democrats' $1.75 trillion spending bill includes making 630,000 unused green cards available to foreign workers and their families, House Minority Whip Steve Scalise (R-La.) revealed Monday.

    Scalise noted that in the 2,135-page spending bill, there is a provision under Section 60002 to make about 630,000 unused green cards available to foreigners while many Americans are unemployed or underemployed.

    Since President Biden took office, over 1.4 million illegal immigrants have been arrested along the southern border, which is more than the population of the ninth-largest city in America, Dallas, Texas, Scalise added.

    The congressman tweeted out on Monday: "Dems' radical spending bill exposed: Green cards for migrants and their families without limits. The provision eliminates current caps and immediately makes approximately 630,000 cards available. It's their way of sneaking their open-borders agenda into this bill."

  • PurpleThrobberPurpleThrobber Member Posts: 43,521 Standard Supporter
    HHusky said:

    “Though rising total spending on the old is justified, a full-scale gerontocracy is not. Retirees with deep pockets do not need public handouts. On the contrary, they should bear a heavier burden as taxes shift from wages, towards property, inheritance and consumption.”

    Time to stop engaging in this fantasy about lowering taxes when you have a society filled with old fuckers living on entitlements. The olds are too numerous and too wealthy overall not to be paying more.

    Fuck the fuck off. There is no reason 'society' deserves the benefit of living frugally, investing soundly and leaving behind something for one's family. Or to charity or whoever the fuck they want?

    Fuck off. FUCK OFF.

    How about the government live within its means and stay the fuck out of the income distribution game?

    FUCK OFF.
  • HHuskyHHusky Member Posts: 20,354
    edited November 2021

    HHusky said:

    “Though rising total spending on the old is justified, a full-scale gerontocracy is not. Retirees with deep pockets do not need public handouts. On the contrary, they should bear a heavier burden as taxes shift from wages, towards property, inheritance and consumption.”

    Time to stop engaging in this fantasy about lowering taxes when you have a society filled with old fuckers living on entitlements. The olds are too numerous and too wealthy overall not to be paying more.

    Fuck the fuck off. There is no reason 'society' deserves the benefit of living frugally, investing soundly and leaving behind something for one's family. Or to charity or whoever the fuck they want?

    Fuck off. FUCK OFF.

    How about the government live within its means and stay the fuck out of the income distribution game?

    FUCK OFF.
    Throbber just wonders why we can't all be characters in Atlas Shrugged.

    H has successfully argued that social security isn't an entitlement but is an income tax

    So mission accomplished there

    Even though that destroyed his "point"

    Social security is plainly an entitlement. Don't make blob come here and correct you.
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