The Algebra of Wealth

[sealybobo]

Every fiscal policy over the last 30 years has been nothing but a transfer of wealth from the young to the old.

Capital gains and mortgage interest tax cuts for example. Who benefits from this? The old.

The average 70 year old is 72% richer than they were 40 years ago. The average 40 year old is 24% less wealthy than 40 year olds were 40 years ago.

Child tax credits get taken out but increase of living payments to social security.

Put more money in the pockets of young people.

60% of people 30-34 had kids. Now it's 27%. Young people are opting out of having kids.

Young people are the most obese, depressed, anxious, suicidal generation in history.

https://www.amazon.com/s?k=the+algebra+of+wealth&hvadid=695026281111&hvdev=c&hvlocphy=9017009&hvnetw=g&hvqmt=e&hvrand=15881484642521235717&hvtargid=kwd-2097069658924&hydadcr=3406_13743911&tag=googhydr-20&ref=pd_sl_9kal3xk52c_e&tag=usmb-20

 

[pknopp]

I've long argued that all income should all be taxed the same but it doesn't take algebra to understand that the longer you live to accrue things you have more of it (in general).

 

[Darkwind]

Shall we cherry-pick more data? Go ahead.

How about we start by justifying the government's need for 5 trillion dollars before we start talking about who is transferring wealth from whom?

 

[Darkwind]

I've long argued that all income should all be taxed the same but it doesn't take algebra to understand that the longer you live to accrue things you have more of it (in general).

or that if I am responsible with my money and can invest $1000 at 5%, I'll make more money than someone who only invests $10 at 5%.

Yet they are the same investments.

 

[1srelluc]

More tripe posted by the OP......Go ahead leftists, eat it up..

 

[sealybobo]

I've long argued that all income should all be taxed the same but it doesn't take algebra to understand that the longer you live to accrue things you have more of it (in general).

That's not what he's saying. 40 years ago, 40 year olds were much better off. And today, 70 year olds are much better off than 70 year olds were 40 years ago. The guy called it an eloquent transfer of power.

And what are we producing? The most selfish obese, depressed, anxious, suicidal generation in history.

40 years ago 60% of people 30-34 had kids. Now it's 27%

 

[sealybobo]

Shall we cherry-pick more data? Go ahead.

How about we start by justifying the government's need for 5 trillion dollars before we start talking about who is transferring wealth from whom?

That's called deflection. It was the rich/old who sent lobbyists to get our politicians (Republicans) to pass tax breaks that help the old/rich but fuck the young.

Unaffordable housing and college for example.

 

[Rambunctious]

These people are nuts....^^^^^^^

 

[pknopp]

That's not what he's saying. 40 years ago, 40 year olds were much better off. And today, 70 year olds are much better off than 70 year olds were 40 years ago. The guy called it an eloquent transfer of power.

And what are we producing? The most selfish obese, depressed, anxious, suicidal generation in history.

40 years ago 60% of people 30-34 had kids. Now it's 27%

I wouldn't want to be raising kids today even if I was a 30 year old millionaire. You are saying it's because of money. Hardly necessarily.

 

[sealybobo]

These people are nuts....^^^^^^^

You can't argue with the facts. We've been saying it for decades. The only time you somewhat agree with us that things aren't great is when a Democrats in the White House. Was America really that much better in Trump's 3rd year? Before Covid? Of course not.

In fact, there is absolutely no reason why Biden should lose. The economy is booming. Are things perfect? No. But you guys will nit pick anything. Like when Biden got us out of Afghanistan.

It's funny because 3 years into Trump's presidency I used to say people have forgotten 90% of the bad shit Trump's done because it was non stop drama and corruption for 3 years every day. Biden on the other hand, people don't realize what a great job he has done. He's been a very FDR type president. And the little people don't appreciate it.

For example Biden supports unions and unions won BIG in 2023. This year too. So what about all those workers who now make more? Healthcare, casino workers, auto workers, writers, food service workers. All of them are doing better today because they are organized. Biden is pro union. Trump is not. Give Biden credit.

Pay raises for unionized workers reached multi-decade high in 2023​

Security when it matters: Pay raises for unionized workers reached multi-decade high in 2023

Union contracts in 2023 included the highest average pay raise of any year since at least 1988, at 6.6%.

www.afscme.org

 

[Darkwind]

That's called deflection. It was the rich/old who sent lobbyists to get our politicians (Republicans) to pass tax breaks that help the old/rich but fuck the young.

Unaffordable housing and college for example.

LMAO. Both sides play that game. You lose just on the push.

You have to FIRST justify the taxes needed and then you have to justify the priority in how they get spent before you can even talk about tax breaks.

Then you'll have to justify the desire to transfer private citizen loans to the taxpayer, THEN you'll have to justify the immense transfer of wealth to political allies in the past four years.

 

[ReinyDays]

Old age and treachery will always overcome youth and vigor ...

The OP is an obvious tax cheat if he's not filing a Schedule B for his interest income ... what a slime bag ...

 

[marvin martian]

Every fiscal policy over the last 30 years has been nothing but a transfer of wealth from the young to the old.

Like all your contributions to the Biden campaign.

 

[Rambunctious]

You can't argue with the facts. We've been saying it for decades. The only time you somewhat agree with us that things aren't great is when a Democrats in the White House. Was America really that much better in Trump's 3rd year? Before Covid? Of course not.

In fact, there is absolutely no reason why Biden should lose. The economy is booming. Are things perfect? No. But you guys will nit pick anything. Like when Biden got us out of Afghanistan.

It's funny because 3 years into Trump's presidency I used to say people have forgotten 90% of the bad shit Trump's done because it was non stop drama and corruption for 3 years every day. Biden on the other hand, people don't realize what a great job he has done. He's been a very FDR type president. And the little people don't appreciate it.

For example Biden supports unions and unions won BIG in 2023. This year too. So what about all those workers who now make more? Healthcare, casino workers, auto workers, writers, food service workers. All of them are doing better today because they are organized. Biden is pro union. Trump is not. Give Biden credit.

Pay raises for unionized workers reached multi-decade high in 2023​

Security when it matters: Pay raises for unionized workers reached multi-decade high in 2023

Union contracts in 2023 included the highest average pay raise of any year since at least 1988, at 6.6%.

www.afscme.org

Biden doesn't stand a chance... 63% of voting dems don't want him to run.... your party has a split the size of the grand canyon... which by coincidence is where I'm going on my Harley today...

 

[sealybobo]

I wouldn't want to be raising kids today even if I was a 30 year old millionaire. You are saying it's because of money. Hardly necessarily.

Money is one reason. I doubt kids see the doom and gloom you see. It may not be a conscious decision to not have kids. It may be just the circumstances. I never said "I'm not having kids because they are too expensive" but that is a big reason. Think about this. 40 years ago, people expected they'd work 30 years for one company then retire with a pension. I'd have kids if I knew that. But today what is the average time a person stays at a company? 5 years? Imagine having a kid and having to start over. I'm not an engineer or doctor. I'm in sales. So starting over again isn't fun. You don't start out making a lot. And no guarantee you're going to even make it 5 years. Who would want to have children with no job security?

Young people today don't have job security!!!

So, I'm 18 and go to college, come out with a lot of debt. Have to live with parents till it's paid off. If I rent with friends, it'll take even longer. So let's say I pay off my student loans at 30 years old. Now I have to save for a home and pay it off. Remember, no job security. And THEN I have to save for retirement, and you say they shouldn't expect social security to be there when they retire.

Who would want to have kids in this scenario?

 

[pknopp]

You can't argue with the facts. We've been saying it for decades. The only time you somewhat agree with us that things aren't great is when a Democrats in the White House. Was America really that much better in Trump's 3rd year? Before Covid? Of course not.

In fact, there is absolutely no reason why Biden should lose.

There is. Maybe not economically but there is. It's discussed in many threads so I will leave it at that.

 

[sealybobo]

Like all your contributions to the Biden campaign.

If we talk about re distributing the wealth back to the young from the old, you cry class warfare. But that's what you waged on us 40 years ago.

Yesterday I posted how much you should have saved based on how old you are. Or how much the average person (median) person has. I'm 53 and have more than the age group above me. But I don't have any kids. So I was smart to not have any.

I thank god my brother is rich and gave me two nephews.

 

[pknopp]

Money is one reason. I doubt kids see the doom and gloom you see. It may not be a conscious decision to not have kids. It may be just the circumstances. I never said "I'm not having kids because they are too expensive" but that is a big reason. Think about this. 40 years ago, people expected they'd work 30 years for one company then retire with a pension. I'd have kids if I knew that. But today what is the average time a person stays at a company? 5 years? Imagine having a kid and having to start over. I'm not an engineer or doctor. I'm in sales. So starting over again isn't fun. You don't start out making a lot. And no guarantee you're going to even make it 5 years. Who would want to have children with no job security?

Young people today don't have job security!!!

So, I'm 18 and go to college, come out with a lot of debt. Have to live with parents till it's paid off. If I rent with friends, it'll take even longer. So let's say I pay off my student loans at 30 years old. Now I have to save for a home and pay it off. Remember, no job security. And THEN I have to save for retirement, and you say they shouldn't expect social security to be there when they retire.

Who would want to have kids in this scenario?

You want me to condemn the role that "shareholder value" has done to harm this country?

I'm on board. It's why we no longer have stable employment.

 

[marvin martian]

If we talk about re distributing the wealth back to the young from the old, you cry class warfare. But that's what you waged on us 40 years ago.

Yesterday I posted how much you should have saved based on how old you are. Or how much the average person (median) person has. I'm 53 and have more than the age group above me. But I don't have any kids. So I was smart to not have any.

I thank god my brother is rich and gave me two nephews.

I was in elementary school 40 years ago, dipshit.

Anyway, it looks like you did a shitty job planning and saving. I have two kids and a $3M+ net worth.

 

[sealybobo]

There is. Maybe not economically but there is. It's discussed in many threads so I will leave it at that.

I know. I know it's social issues not economics. And I think Americans are going to be PISSED they voted for Trump if Trump wins. This woman at work 3 weeks ago almost bit my head off when I expressed support for Biden. Then she came in pissed about Project 2025. Her daughter is against book bannings like in Florida. Then one day after Trump got shot she came in sort of suggesting she supports him again. So the false flag worked. I asked her what about Project 2025. It sounds like she's willing to take it.

So, if Trump wins, I can't wait till he and the corrupt Supreme Court and Republicans in the Senate and House push Project 2025 on us. Mike Johnson will certainly go along. JD Vance for sure. Ted Cruz, Ron D, Nikki, all Not Sees of the first order.

I am going to be on board if Trump wins. I'm going to be so anti Mexican and Muslim. Cuts to social security? It only makes sense.