NA... Boomers ... NA

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Sorry to interrupt the boomer-bashing, but based on what you're paying into Social Security, it's a safe bet that if Ronald Reagan hadn't been elected, you would be paying HUGELY more taxes, and boomers, the oldest of whom were about 35 when he ran for president, appear to have voted for him in substantial numbers. You're welcome.

Ronald Reagan was a boob. By the time he left office, he had run Carter's deficit spending from $74 bil to up over $200 bil. He cut taxes for the top bracket, but raised them for everyone else. Before you go laying claim to Reagan you ought to bone up on the facts, rather than the myths.

https://mises.org/library/myths-reaganomics

If any president had the chance to reform SS, it was Reagan during the first ss funding crisis. But the blue hairs at the time were adamantly against any reform, so rather than fight the politics, he took the easy way out and simply raised the tax.
 
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If you want to turn your daddy parts orange. Eat some Cheetos and watch some porn.

It had to be said.

Sent from my HTC6525LVW using Tapatalk
 
Ronald Reagan was a boob. By the time he left office, he had run Carter's deficit spending from $74 bil to up over $200 bil. He cut taxes for the top bracket, but raised them for everyone else. Before you go laying claim to Reagan you ought to bone up on the facts, rather than the myths.

https://mises.org/library/myths-reaganomics

If any president had the chance to reform SS, it was Reagan during the first ss funding crisis. But the blue hairs at the time were adamantly against any reform, so rather than fight the politics, he took the easy way out and simply raised the tax.

And the Soviet Union no longer exists. The cold war is over, the west won, and like divorce, it was costly. Was it worth it? History will judge. I say yes. Later administrations felt the benefit of the peace dividend which is why Clinton actually had money in the bank for a short time.

Reagans' two mistakes were not reforming SS, partly due to congress feeling generous, and he didn't reign them in, and signing the first amnesty for illegals. He lamented those two mistakes long after leaving office.

Reagan wasn't the smartest tool in the shed, but he had a good grasp of what was best for the US most of the time. Like firing all the ATC controllers that went on strike.
 
I always get a kick out of all the nice stories about what Presidents "did". Especially stuff Congress did during their terms...

It's shorthand for "provided leadership," something that's scarce in Congress.
 
Some believe that all the ills of society are the fault of MMGW. Which is true, but if you look closer, those "men" who "made" it are Boomers. Maybe we should call it BMGW.

It started long before boomers were born.
 
Good thing he (?) has an infinite amount of it. :rolleyes2:

Yes, but in order to maintain and grow, there needs to be new energy and information, and that is what we as sentient life forms supply God. Only thing is, what we produce is 70% useless due to greed and that doesn't cut it, so we will be culled and replaced by a species that is useful. We are but cells in an organism known as the Multiverse, and we are cancerous cells.
 
....Before you go laying claim to Reagan you ought to bone up on the facts, rather than the myths...

I don't see where that article contradicts what I said. The 70% tax bracket WAS eliminated, and given what Bartmc/Rex said about his and his wife's social security taxes, it seems likely that they would be in that bracket or close to it if it still existed.

Thanks for the link though.
 
There was global cooling 40 years ago.

Actually, that was left over from the optical pollution levels from before the ecological clean up in the west in the early 70s. Boomers seem to forget what the skies looked liked before then, and that was in an era all ready cleaned up from the 20s. There is coal dust in the Arctic and Antarctic ice record in the 1870s to 1940s period. Most of the old Cathedrals in Europe are now grey, cleaned up from black, many many shades darker than when they were built still.

The air quality since the 70s in most of the developed nations has clarified by several scales of magnitude, and this lets the ground heat. Also in that same period, the world's population has doubled, and energy consumption globally has nearly tripled.
image.jpg

Now consider that for each exajoule consumed, due to our 30% efficiency in production as well as 70% energy released as heat released in consumption, we release 4 exajoules of heat into the environment, so the growth of energy in the environment has exponential growth on top of the exponent of consumption growth in the graph. Heck, think of how much heat just the internet creates, that is an addition that never existed 30 years ago, but is significant especially when you consider how much extra heat is created through airconditioning in order to move that heat away from the servers and user stations.

While the atmosphere may be clearer now and allow through more solar energy, the amount of clean CO2 we pump into the atmosphere has increased exponentially with the energy production curve. CO2 is like a two way mirror, it allows energy through one way much more efficiently than the other.
Now to top this off, we are coming into a cycle of a lot of geological activity. Lots of volcanos popping off, lots of earthquakes happening. This all releases more energy and CO2 into the atmosphere.

The thing is, the planet can only handle so much, and natural forces and sources alone are able to overwhelm it and make it uninhabitable. We have added so much energy and insulation to the system, that the level of natural event required to make the planet uninhabitable has been greatly reduced, and in fact, we are putting enough in that we have had an effect even during a geological lull in activity. If any of the super volcanos blows, our continued existence is in serious jeopardy.

We have always been meant to evolve off this planet, but we can't because we can't cooperate and would rather waste all our resources on making money by turning resources into garbage.
 
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There was global cooling 40 years ago.

Which was only a temporary interruption in a long term trend that started long before boomers were born.

Cherry-pick much?
 
Some believe that all the ills of society are the fault of MMGW. Which is true, but if you look closer, those "men" who "made" it are Boomers. Maybe we should call it BMGW.

Try a different bait. That fish is way to easy catch and not impressive.:rolleyes2:
 
Yes, but in order to maintain and grow, there needs to be new energy and information, and that is what we as sentient life forms supply God. Only thing is, what we produce is 70% useless due to greed and that doesn't cut it, so we will be culled and replaced by a species that is useful. We are but cells in an organism known as the Multiverse, and we are cancerous cells.

You should write a book about your god so that we can all have it all straight when you talk about him/her/it, because your god is not the one most people were taught about in Sunday school. I'm telling you, there is a future in this new age religion thing. Run with it!!
 
You should write a book about your god so that we can all have it all straight when you talk about him/her/it, because your god is not the one most people were taught about in Sunday school. I'm telling you, there is a future in this new age religion thing. Run with it!!

That's true, every time there has been a religious revolution to square things away, greed managed to counter it within 200 years and corrupt it. Constantine usurped Christ and God and created the biggest empire and it's still in existence; a work of complete blasphemy "taking the lord's name in vain" to capitalize their own fortunes.

What is taught to be God is a lie people have spread to make themselves wealthy.
 
Try a different bait. That fish is way to easy catch and not impressive.:rolleyes2:

AIDS....Boomers
MMGW...Boomers
Wrecked Mfg Industry....Boomers
Wrecked Financial Industry....Boomers
Wrecked Health Care...Boomers
Mess in the Middle East...Boomers
Nanny State....Boomers
Socialisim....Boomers
Civil War....Boomers.
Black Death...Boomers
Erectile Dysfunction....Boomers.
 
I don't see where that article contradicts what I said. The 70% tax bracket WAS eliminated, and given what Bartmc/Rex said about his and his wife's social security taxes, it seems likely that they would be in that bracket or close to it if it still existed.

Thanks for the link though.

FICA and income tax are two separate issues. FICA, better known as social security, is capped at 15.3 pct on the first $117k of earnings for those of us lucky enough to be self-employed. Wage slaves pay half that, the employer the other half. Unless Rex has a combined income less adjustments of $400k or more, he wouldn't have been in the 70% bracket, which we all know would only have been due on the amount over $400k. All we can infer from what he said is he and his wife each earned more than $117k from self employment.

Which, quite frankly, $234k makes his bitching about how bad his world is in the wake of the boomers ring pretty hollow when the national avg is around $50k.

Who was it who said there are no average Americans, just temporarily embarrassed millionaires?
 
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Which, quite frankly, $234k makes his bitching about how bad his world is in the wake of the boomers ring pretty hollow when the national avg is around $50k.

If I can paraphrase your screen name, "[Envy] is the path to the dark side." What is the proper income threshold in your world above which someone who's earned or invested loses the right to object to being held up at gunpoint?
 
If I can paraphrase your screen name, "[Envy] is the path to the dark side." What is the proper income threshold in your world above which someone who's earned or invested loses the right to object to being held up at gunpoint?

Just a little bit more than whoever takes that stance is currently making.

"No one should make more than [x] per year!"

[x], is always a higher number than what the claimant makes.
 
Erectile Dysfunction....Boomers.

ED?

Man, that's a cold shot. :redface:

anigif_optimized-6996-1425405349-2.gif
 
If I can paraphrase your screen name, "[Envy] is the path to the dark side." What is the proper income threshold in your world above which someone who's earned or invested loses the right to object to being held up at gunpoint?
I don't think the issue was Bart complaining about SS.

I think the point was that Bart is complaining that Boomers sucked the economy dry till there is nothing left, yet he and his wife are still pulling in a minimum of a quarter million a year.
 
AIDS....Boomers
MMGW...Boomers
Wrecked Mfg Industry....Boomers
Wrecked Financial Industry....Boomers
Wrecked Health Care...Boomers
Mess in the Middle East...Boomers
Nanny State....Boomers
Socialisim....Boomers
Civil War....Boomers.
Black Death...Boomers
Erectile Dysfunction....Boomers.

Mess in Middle East began in the Guilded Age and was brought fully into the modern state of disarray under Lawrence of Arabia.
 
I don't think the issue was Bart complaining about SS.

I think the point was that Bart is complaining that Boomers sucked the economy dry till there is nothing left, yet he and his wife are still pulling in a minimum of a quarter million a year.

I've not said anything like "woe is me".

At what income level am I allowed to complain? $30K is a lot in my household.
 
FICA and income tax are two separate issues. FICA, better known as social security, is capped at 15.3 pct on the first $117k of earnings for those of us lucky enough to be self-employed. Wage slaves pay half that, the employer the other half.

He was blaming boomers for the amount of taxes he and his wife were having to pay. The effect on their disposable income is that a reduction in income taxes counteracts an increase in Social Security taxes.

Unless Rex has a combined income less adjustments of $400k or more, he wouldn't have been in the 70% bracket.

Where are you getting $400,000? For 1980, the data I've been able to find shows the 70% bracket starting at $215,400 for a married couple filing jointly.

All we can infer from what he said is he and his wife each earned more than $117k from self employment.

Which means at least $234,000 combined income. Even if they managed to find enough deductions to cancel out half that, it still would have put them in the 64% bracket.
 
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Yeah, boomers tend to shrink from their culpability. But they should know it's not hard to man up. :D

Well, I guess for some - but I've never had an issue. Knock wood.:cheerswine:
 
By the way, when I was looking for demographics of Reagan voters, I came across a couple of Web sites which pointed out that boomers have never voted as a bloc. But I'm sure the assignment of collective guilt will continue nonetheless!
 
Sure is a lot of bragging going on in this thread. What's up with that? ;)
 
Just a little bit more than whoever takes that stance is currently making.

"No one should make more than [x] per year!"

[x], is always a higher number than what the claimant makes.

I actually find it tends to be about 200% what that person could reasonably expect to earn at the top of their chosen career -- its actually a fairly good barometer in that regard. I don't think I've ever heard an entrepreneur say that, either. One's outlook tends to be different when their name appears on the bottom line of the payroll check rather than the middle line.
 
Received this email today, can't speak as to it's veracity:

Now I understand what is happening to this country Follow these easy,
proven, 13 steps to non-jail, financial well-being:

1. Don't get married to her.

2. Use your mom's address to get mail sent to.
3. Guy, (YOU) buys a house.
4. Guy rents out house to his girl girlfriend who has 2 of
his kids.
5. Section 8 will pay $900 a month for a 3 bedroom home.

6. Girlfriend signs up for Obamacare so guy doesn't have
to pay out the butt ​for family insurance.
7. Girlfriend gets to go to college free for being a single
mother
8. Girlfriend gets $600 a month for food stamps.

9. Girlfriend gets free cell phone.
10. Girlfriend gets free utilities.
11. Guy moves into home but uses moms house to get mail sent to.
12. Girlfriend claims one kid and guy claims one kid on taxes.

(Now you both claim ‘head of house-hold’ at $1800 credit)
13. Girlfriend gets disability for being "crazy" or having a "bad back" at ​
$1800 a month and never has to work again.

This plan is perfectly legal and is being executed now by millions of people.
A married couple with a stay-at-home mom, yields $0 government $, pays taxes.
An unmarried couple with stay-at-home mom nets:
$21600 disability +
$10800 free housing +
$6000 free Obamacare +
$6000 free food +
$4800 free utilities +
$6000 Pell grant money to spend +
$12000 a year in college tuition free from Pell grant +
$8800 tax benefit for being a single mother


= $75,000 a year in benefits with no taxes!!

Any idea why our country is $18+ trillion in growing debt??
 
I've not said anything like "woe is me".

At what income level am I allowed to complain? $30K is a lot in my household.

If you don't play, you have nothing to complain about. You can refuse to play, file exempt and join a non profit coop that owns everything. You still keep access to your income through a third party account. Let me know when you want to join, I've got a smokin hot deal.
 
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He was blaming boomers for the amount of taxes he and his wife were having to pay. The effect on their disposable income is that a reduction in income taxes counteracts an increase in Social Security taxes.



Where are you getting $400,000? For 1980, the data I've been able to find shows the 70% bracket starting at $215,400 for a married couple filing jointly.



Which means at least $234,000 combined income. Even if they managed to find enough deductions to cancel out half that, it still would have put them in the 64% bracket.


Adjusted for inflation, his $234K today is roughly $66K in 1980. Which bracket is he in? Right, 54%, and with a half decent accountant and the deductions being self employed his effective tax rate would have been mid 20's.
 
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Adjusted for inflation, his $234K today is roughly $66K in 1980. Which bracket is he in? Right, 54%, and with a half decent accountant and the deductions being self employed his effective tax rate would have been mid 20's.

That's not the scenario I was talking about. I was referring to what taxes he would be subject to this year if the high brackets had been left in place.

Unless you know where he can get a time machine to transport himself back to the 1980s.
 
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