Brendan Keuss

[Brendan Keuss @BrendanKeuss]

@Leonajardinho @anthonychen_atx The valuations are the valuations. Largely irrelevant. The taxing entities still have to adopt a tax rate. Frequently they adopt a no-new-revenue tax rate which would result in a low tax rate if property values were to rise.

[Brendan Keuss @BrendanKeuss]

@ImBreckWorsham Lots of protecting and serving going on in this clip

[Brendan Keuss @BrendanKeuss]

@LewLuDawg @VladTheInflator i.e. late Boomer

[Brendan Keuss @BrendanKeuss]

@Waitforit40031 @VladTheInflator @sportaboutx Lol. What? No one is denying the time-value of money and the benefits of compound growth.

[Brendan Keuss @BrendanKeuss]

@Waitforit40031 @VladTheInflator @sportaboutx Correct. And it turns out that boomers who want to sell are finding out what they think their house is worth isn’t what their house is worth. Which explains why inventory is so high.

[Brendan Keuss @BrendanKeuss]

@EJK_Econ @StevenThatWay @GreenPlusAnE Not on an inflation-adjusted basis.

[Brendan Keuss @BrendanKeuss]

@Waitforit40031 @VladTheInflator @sportaboutx He’s not saying any of that isn’t true. He’s saying your generation collectively owns 40% of domestic residential real estate and your estate will liquidate (i.e. command-sell) said real estate when you die. The point is Boomers think their houses are worth much more than market.

[Brendan Keuss @BrendanKeuss]

@bsfelder77 @grok @StevenThatWay @GreenPlusAnE Born on third as they say.

[Brendan Keuss @BrendanKeuss]

@StevenThatWay @GreenPlusAnE @grok I think you meant to write learn to comprehend, alas, as they say, you can’t debate someone who has no position on anything and just seeks to argue for argument’s sake. So be it.

[Brendan Keuss @BrendanKeuss]

@austincampbell @jay_sahm Income taxes perhaps. Corporate taxes definitely not. Interesting that over the long term, the most money the government has been able to collect is around 25% of gdp.

[Brendan Keuss @BrendanKeuss]

@StevenThatWay @GreenPlusAnE By your logic, the silent generation should be wealthier. @grok was the silent generation wealthier on a per capita and real basis twenty years ago or is the boomer generation wealthier today?

[Brendan Keuss @BrendanKeuss]

@stkbullgod @Jesse_Livermore Maybe it’s different in Florida than Texas. Idk.

[Brendan Keuss @BrendanKeuss]

@turningabout @NoOne23131214 @GreenPlusAnE @grok @grok how many years of boomer presidents has there been?

[Brendan Keuss @BrendanKeuss]

@turningabout @NoOne23131214 @GreenPlusAnE @grok And yet every Boomer president (which is to say leader from your generation) we’ve had since Clinton decided to spend the money instead of investing it. So now you want your descendants to foot the bill for your generation’s malpractice. NOPE.

[Brendan Keuss @BrendanKeuss]

@wtfhwilliam @GreenPlusAnE So what do you call it when someone paid $100 but received $150? Also welfare?

[Brendan Keuss @BrendanKeuss]

@StevenThatWay @GreenPlusAnE None of these statements are contradictions despite your claim. Boomers collectively are the richest generation to ever walk the earth. That is simply a fact. And it can be true at the same time that they collect more now than they ever paid into SS in aggregate. DYODD.

[Brendan Keuss @BrendanKeuss]

@stkbullgod @Jesse_Livermore If a sales tax is enacted to make up the difference Florida is going to increasingly become a reitrement community.

[Brendan Keuss @BrendanKeuss]

@alex_libertybtc @esaagar Retired boomers won’t be eating out enough or buying enough food from the grocery store to compensate the property tax revenue loss. It will literally redistribute money from young couples raising children to DINK and retired people.

[Brendan Keuss @BrendanKeuss]

@alex_libertybtc @esaagar Sure but only if they spend the money (and enough of it) within their town which they likely won’t do if they’re high net worth individuals. They’re more likely to spend their surplus on discretionary goods (e.g. travel, vehicles, stocks). Idt you’ve thought thru your position.

[Brendan Keuss @BrendanKeuss]

@esaagar Except property taxes dont fund federal spending. They fund local spending.