Lesh
Diamond Member
- Dec 21, 2016
- 71,767
- 35,980
- 2,615
Clearly you're well off. Very few are as fortunate/——/ I’m 71 and retired 7 years, living on option trading, real estate gains, SS, book royalties and a small pension. What am I confused by?
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Clearly you're well off. Very few are as fortunate/——/ I’m 71 and retired 7 years, living on option trading, real estate gains, SS, book royalties and a small pension. What am I confused by?
Not likely?
In 2008 the market lost HALF it's value.
It's currently in a slump. How many examples do you need
If you lost a couple thousand...you had little invested
A. it wasn't under Obama you idiotI don't have a ton of money but my investment company knows how to move things around to minimize my losses. That's why it's pure stupidity to invest yourself unless you have the education and experience in investing.
When the market went down under DumBama, my investment company quit buying shares. When the market started to recover, they dumped that money into the market once again. I was getting two to three shares for the price they were buying them for before the housing collapse. It was like a 2 for 1 sale at the store.
A. it wasn't under Obama you idiot
B. Had you retired without Social Security at that time you would have been eating those losses
/——/ I worked hard, got my education going to college part time, lived within my means, and saved wisely. I never needed a new car every few years, modest vacations, didn’t eat out much, and now I can travel often and do the things I had to put off. Yeah, I’m well off.Clearly you're well off. Very few are as fortunate
Don't sprain your elbow patting yourself on the back./——/ I worked hard, got my education going to college part time, lived within my means, and saved wisely. I never needed a new car every few years, modest vacations, didn’t eat out much, and now I can travel often and do the things I had to put off. Yeah, I’m well off.
Are you ALWAYS wrong you stupid fuck?Maybe, but if I had all the money I put into SS since I started working, I would still have been better off at a loss than having money that paid little interest.
Yes, the market went down after the housing crash which was when DumBama was President.
/——/ So you’re not interested in what works. You only want to harp on the failures. Got it.Don't sprain your elbow patting yourself on the back.
As noted you are clearly far more fortunate than most Americans.
Your experience matters little in this discussion
"What works" for wealthy folks like yourself is not what works for the average American/——/ So you’re not interested in what works. You only want to harp on the failures. Got it.
It's the shittiest "investment" of all time.It's guaranteed and it works
It's not an investment. it's retirement insuranceIt's the shittiest "investment" of all time.
It's a fucking Ponzi sheme that's demographically unsustainable, rube.It's not an investment. it's retirement insurance
Ponzi schemes don't last 100 years idiotIt's a fucking Ponzi sheme that's demographically unsustainable, rube.
"The Republicans’ Fair Tax Act is not a new idea. A version was first introduced in Congress in 1999. It’s never had enough support to become law, but it puts forth an appealing message to those Americans who love to hate the federal tax agency.
It would get rid of the complicated federal tax system, doing away with the annual task of filing tax returns. Instead, the bill would replace federal taxes on individual and corporate income with a national 23% sales tax …"
CNN's, Katie Lobosco, lies about the FairTax proposal.
.
I see the Republican Leadership in the House is still promoting a fraudulent and deceptive tax reform idea which would actually enlarge the federal government’s taxing authority. And our popular media is cleverly covering up what the FairTax scheme would actually do.
See: House GOP keeps up attacks on IRS with bill to abolish the agency
By Katie Lobosco, CNN, Mon January 23, 2023
Of course, Katie Lobosco of CNN misrepresents and does not report that the “FairTax” plan, if adopted, would increase the annual tax return filing to twelve fricking times a year!
Why do they continue to lie about the FairTax?
JWK
“Until you realize how easy it is for your mind to be manipulated, you remain the puppet of someone else’s game.” ― Evita Ochel
CNN's, Katie Lobosco, lies about the FairTax proposal.
.
I see the Republican Leadership in the House is still promoting a fraudulent and deceptive tax reform idea which would actually enlarge the federal government’s taxing authority. And our popular media is cleverly covering up what the FairTax scheme would actually do.
See: House GOP keeps up attacks on IRS with bill to abolish the agency
By Katie Lobosco, CNN, Mon January 23, 2023
Of course, Katie Lobosco of CNN misrepresents and does not report that the “FairTax” plan, if adopted, would increase the annual tax return filing to twelve fricking times a year! [“CHAPTER 5, OTHER ADMINISTRATIVE PROVISIONS, SEC. 501. MONTHLY REPORTS AND PAYMENTS].
Why do they continue to lie about the FairTax?
JWK
“Until you realize how easy it is for your mind to be manipulated, you remain the puppet of someone else’s game.” ― Evita Ochel
What are you worried about? It has little chance of passing the House yet alone the Senate and get Dementia's signature.
Why are "conservative" Republicans in the House promoting this fraudulent taxing scheme that would, if adopted, strengthen and enlarge the federal government's taxing authority?
JWK
I don't think it would. Their idea is to get rid of (or greatly reduce) the IRS. Dementia wants to hire 87,000 new IRS workers. To me that's reducing government and it's power, not expanding it.
/----/ "that would, if adopted, strengthen and enlarge the federal government's taxing authority"Why are "conservative" Republicans in the House promoting this fraudulent taxing scheme that would, if adopted, strengthen and enlarge the federal government's taxing authority?
JWK