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Posted on 7/31/24 at 1:36 pm to GumboPot
Trump seems to all in this cycle. Generally, I hate promises that can’t be kept or that worsen our situation but this cycle has to be won. We have to play for keeps this time and that means pulling the rug out from under the Dems
Posted on 7/31/24 at 1:49 pm to GumboPot
quote:
Should end under Trump.
Nope.
People should be taxed on entitlements (and yes, SS is an entitlement).
Either that, or no one should be taxed on income of any kind.
When you start exempting pet groups (to buy votes) and eliminating any skin they might have in the tax game, you remove any incentive they might have to vote against candidates who favor tax increases.
Posted on 7/31/24 at 2:02 pm to wackatimesthree
quote:It is double taxation.
People should be taxed on entitlements (and yes, SS is an entitlement).
That is fundamentally retarded.
Taxes were taken, then distributed, and taxed again.
That is so fricking stupid it was actually painful to write out.
quote:
When you start exempting pet groups (to buy votes) and eliminating any skin they might have in the tax game, you remove any incentive they might have to vote against candidates who favor tax increases.
So, you support taxing the same money twice for this reason?
This post was edited on 7/31/24 at 2:04 pm
Posted on 7/31/24 at 2:10 pm to GumboPot
He will say ANYTHING to a particular audience, if he thinks they will vote for him. This “idea” will never fly….besides, rich people don’t depend on SS….and that’s who he gives tax breaks to.
Posted on 7/31/24 at 2:15 pm to Scruffy
quote:
It is double taxation.
No, it isn't.
In order for it to be double-taxation, it would have to be the same money. It's not. That's why I took pains to correctly identify the benefits as an entitlement.
When I pay SS tax today, that money pays for someone else's benefits today. When I retire, someone else will be paying my benefits.
You don't get "your" money back when you get a SS check. You get current taxpayer's money (so technically if you are paying tax on SS benefits you are one of those taxpayers, but otherwise).
Again, this is what people always claim...that it's "their" money. No, it isn't. You're getting someone else's money just like someone else got yours. SS isn't really a retirement program, like an IRA. That's just how it was sold to the public.
Posted on 7/31/24 at 2:24 pm to wackatimesthree
quote:Yes it is.
No, it isn't.
quote::facepalm:
In order for it to be double-taxation, it would have to be the same money. It's not. That's why I took pains to correctly identify the benefits as an entitlement.
The entire concept is retarded.
1. The government collects taxes.
2. The government distributes the collected taxes as SS.
3. The government taxes the money it was distributing.
The collected taxes are taxed again.
It is retarded at the most basic level.
Posted on 7/31/24 at 2:56 pm to wackatimesthree
quote:
When I pay SS tax today, that money pays for someone else's benefits today. When I retire, someone else will be paying my benefits.
1st, Basically, you just described what a Ponzi scheme is. Prove me wrong.
2nd, what is it when people here illegally are receiving benefits from this “pot”, yet never having paid one cent into it?
3rd, wouldn’t it just be better to be done with it completely? We all know the government uses that money for other “projects.” That’s what taxes are. Money taken from me for the government to use for other projects. The government uses SS money for other projects as well. Prove me wrong.
4th, don’t reduce my paycheck now without my consent only to tax me on it when you give it back to me, knowing it is much much much less than the amount it would have been if I invested in VOO on my own for 30 years.
Just let me keep that money. If I choose to waste it and live in poverty at the end of my life, my fault. But maybe investing and saving should be taught more than Black Friday sales and clearance sales and what not.
Posted on 7/31/24 at 3:03 pm to WallsAllAroundMe
quote:
1st, Basically, you just described what a Ponzi scheme is.
Ponzi schemes work well when you have the ability to print money. Ponzi schemes get a bad rap because too many people without the ability to print money try to implement a Ponzi scheme to no avail. But out benevolent government in 1913 authorized a central bank the ability to print money out of thin air to support their Ponzi scheme.
These same people that have the power to print money came from the same families that tried to change base metals into gold via alchemy. They failed so they switched to fiat currency. Now they can just digitize gold.
Posted on 7/31/24 at 3:11 pm to OccamsStubble
quote:
Some potential voters have no place to go.
Perfect then, you can stay at home and not vote.
Posted on 7/31/24 at 3:13 pm to GumboPot
If he keeps going in this direction the income tax will have so many exceptions it practically won't exist.
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