Why Social Security “runs out of money”
Lots of nonsense about Social Security is posted on X. This tries to set the record straight.
Media: Declares war on “Baby Boomers”
Baby Boomers did what Congress asked them to do-self funded retirement with IRA/401(k) and savings/investments. Now they are blasted for having done that.
Personal finance: “Eat the rich”
Today we live lives that not long ago were considered luxury available only to the ultra wealthy.
Demographics
Doomerism
Economy
Finance
Gen Z/Generational issues
Media
Nation of Idiots
Personal finance
Stupidity
Economy: Mega lifestyle inflation
The NY Times writes a sob story about couples who can't afford to have a child. It's actually a story about lifestyle inflation.
Demographics
Doomerism
Economy
Gen Z/Generational issues
Nation of Idiots
Personal finance
Policy/Government
Demographics: We must confiscate elder’s savings and kill them off
So says an actual Yale professor, Samuel Moyn
Government: Combined State+Federal tax burden by state
Oregon has the highest combined tax rate of all states.
Policy: Does the US government spend 6x more on those 65+ than on ages 0-17?
True, by leaving out all the local and state spending. In the real world, spending is almost equal.
Demographics
Doomerism
Economy
Gen Z/Generational issues
Nation of Idiots
Personal finance
Social media
Never trust experts
The Baby Boom generation had an average of 1.9 to 2.1 children per family, not 3.2 as this CEO and economic advisor claims.
Education: 26-40% of education loan recipients admit spending on non-educational expenses
26-40% of education loan borrowers admit spending their loan money on non-education activities, experiences, travel and luxury goods.
Policy: Claims that the rich live off of “loans” and pay no taxes are exaggerated
The wealthy live off of loans and pay no income or capital gains tax. Not exactly, this is a distortion of what is being done.