@wokedeath@garyboomer58 What we learn about money at age 10 impacts how we manage it all our lives. We saw scarcity. We manage money conservatively. Why vilify a generation responding to what they’ve known to be true? Money comes hard, spending comes easy. Money buys you options. No money, no options.
@wokedeath@garyboomer58 We did steal wealth. We created it and kept a lot of it. Not because of selfishness, but because our parents came out of the depression era. Today, the largest transfer of inter generational wealth is be passed from Boomers to X. The economy also runs on a 14 year cycle.
@RepDeluzio Stick with one point, shall we? I like the idea of lifting the cap, to a point. No-one can take more than $184k a year max from the system. The income cap is $170k that’s taxed. Technically, what happens above that means nothing, except it’s currently not solvent.
@MarcoFoster_@JamesCarville Jim, honestly, you can afford better-looking glasses. That aside, this isn't a war. This is politics, and the innocent citizen is caught in the middle of far-left and far-right bullshit. You want to know why only deeply flawed people run for these jobs? Because they are insane.
@BernieSanders This is how communism starts. It was a bad idea under Obama with cars, and Trump with his crap. Now the Bern want the Federal Government to have a 50% ownership in three companies worth Trillions each? We can't afford that even if we wanted to. Stay out of business.
@TexasAnCap You allow them on X apparently. In the old days, they didn’t have a platform to be heard. Today, they lower the dialog to as many of them say “Explain it to me like I’m in kindergarten.”
@whMFCS@DorothyEubank16 Hey, I am no bs'ing anyone. The naivety of the conversation is NO ONE will pay more than they legally have to, AND, the tax code is written by the very people who benefit from the loopholes. Ol' RR screaming about billionaire taxes missed the point. The code needs to be changed.
I'm not sure who is behind the boomer bashing, but it is laughable. Sure, blame an entire generation for what you feel is unfair. Unfair to whom? Until you know their story, stop comparing it to yours. Two different times in history, context, economics, values, and morals.
@MaxMcGuireCPA So did the people during the depression era. The economy runs on a 7-year cycle, 14 years from top to top. It sucks if you are commenting on the moment, and not on the long term. Pensions are a thing of the past. Everyone needs to be in a 401K. Home ownership not the only ride.