The Economist nails it

MikeDamone

RaceBannon said:

MikeDamone 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.

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.

MikeDamone

Bendintheriver said:

HHusky said:

Bendintheriver 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?

Only the Dazzler can think if someone steals your stuff, and gives some of it back, they are giving you something.

WestlinnDuck

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.

HHusky

Bendintheriver said:

HHusky said:

Bendintheriver 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!

HHusky

MikeDamone said:

HHusky said:

UW_Doog_Bot 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.

MikeDamone

HHusky said:

Bendintheriver said:

HHusky said:

Bendintheriver 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

HHusky

RaceBannon 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?

HHusky

MikeDamone said:

HHusky said:

Bendintheriver said:

HHusky said:

Bendintheriver 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.

HHusky

WestlinnDuck 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

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.

HHusky

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.