Consumer of Trump Water
Catsuper of Trump Steak
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You can blame us for anything you like. We donāt really gaf. Itās kind of our thing.
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Which Trump did they pull? Spicy Trump?
The European ensemble forecast for Hurricane Laura now has it making landfall on Thursday morning as a mid Category 4 hurricane. The forecast keeps worsening, but it is on about as good of a track as we could hope for in terms of avoiding population centers, having shifted away from Houston. Hopefully that holds.
Itās gone from being forecasted as a fringe Cat 3/4 to about half of the way to the Cat 4/5 line in 24 hours. If that continues, we could be looking at one of the most devastating storms weāve seen in terms of wind strength.
Oh by the way, Trump is supposedly pulling money from FEMAās hurricane budget to pay for his COVID EOs.
Weāve done this hatred of Boomers before, but itās not their fault per se - there were simply too many of them for it not to cause a huge hole in public finance when they reached retirement age - and whatever you think they did that was wrong most people here would have done in their shoes at that time.
Remember, they were constantly being told about how the post war American economic miracle meant stable jobs and good incomes for life.
If you want to apportion blame, start with WW2 which shredded European economies, and move onto the failure of politicians to take steps to mitigate against the problems caused by a huge surge in births (though even they are partially excusable on grounds of only being in their jobs for a few years at a time).
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lol they are to blame for their voting pattern almost their entire lives which lead to this shit. Obviously not the decent ones who didnāt vote that way, but the majority even after they knew the jig was up continued to be selfish pieces of shits on every single level.
We could have made changes to save social security but they vote for politicians who want to fuck over all future generations and they vote that way on purpose.
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What were Dem policies from the 50s onwards that would have mitigated against whatās being discussed here, namely the hole in public finance cause by pensions?
What did Kennedy and Johnson do to mitigate against it? What did Carter do?
(Genuine questions because I have nfi about that level of detail from those periods.)
I have no idea either but Iām not talking about that far back except with Carter. Iām talking about the 80s, 90ās and today when the problem was obviousā¦ And voting democrat doesnāt give these people a free pass lol, theyāre almost entirely responsible for the democratic parties shift to the right.
There have been plenty of politicians yelling about this issue for a long time, like my main man Bernie, and these selfish boomers should have voting for him and people like him that actually proposed to fix our fucked up society. But they didnāt want their taxes to go up and a million other selfish reasons.
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I snap-call this proposal if ever offered for myself personally. That said no idea what this would end up doing on the macro level.
Good stuff from Doc Rivers.
https://twitter.com/briantylercohen/status/1298498068959043584?s=21
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If wages under $30k or $15/hr. were exempt from SS taxes, and were replaced by an increase or removal of the income cap, wouldnāt that go a long way towards fixing the problem long-term? People who max out the contribution every year for 30 years get the biggest benefit today, although itās progressive. Make the high end even more progressive, so that benefits go to 0 as lifetime income goes up. That way, each fat cat is paying for the retirement of many people, rather than the same number of people that a current max payer is (which is maybe 1-2 extra people?)
The other thing is the privatization (or put another way, partial government ownership of corporations) makes some sense from the point of view of sharing the economic pie. Currently, SS āinvestsā in government bonds, so taxes eventually pay whatever earnings are added to the trust fund. If it were allowed to invest in more long-term and riskier holdings, it would allow the fund to participate in the growth of the market. Money sitting in a lockbox doesnāt do anyone any good. 5% of all wages invested even at a 4% inflation-adjusted return would be $1600/month for all retirees after 30 years.
When combined, the combination of the cap removal and partial privatization would move a chunk of money currently going into rich peopleās stock portfolios into a public retirement portfolio. The overall level of investment would not change, the rich would have less excess money. By adjusting the $30k threshold for exemption, it could be made revenue neutral.
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Man, that last line is brutal.
āWhat white father has to tell his child to be careful if they get pulled over by the cops?ā
My son is a white boy through and through, but hes a quarter Puerto Rican and has a Hispanic last name, and Iāve had a talk with him about how the cops might react differently between when he is pulled over and when he presents ID, because Iāve seen the switch before. Iāve been pulled over and been greeted with my white skin by officer friendly, handed over my license, and seen their face fall seeing my last name. The suspicion meter rises off the charts. And I dont have it bad, I cant imagine what kind of talk you have to have with a child knowing that the cops will treat him as if he is armed and dangerous in any interaction going forward.
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