It took us longer to get here, and we’re worse off. Everyone can feel that. People remember their childhoods with occasional vacations and things we might see as luxuries today.
More to the point, class of 2000 here, but they told us Social Security would be insolvent from the time we were teenagers, “don’t expect to get anything.” We know now that was actually political psyop designed to get us ready for them to kill social security. But it’s coming to pass - 6 year from now benefits will be cut 40% if nothing changes.
A lot of folks my age, myself included, had to suffer multiple once-in-a-lifetime crises like 2001, 2008, plus medical events and other emergencies that liquidated retirement plans. So even those who were saving often lost it all, maybe repeatedly.
I am not eager to see my final vision fulfilled, which is a bunch of tatted up, screen addicted old people jammed into the worst elderly housing projects without serious medical care, just cubes for us to die in cheap, while we play N64 and get stoned together and try to live on a bag of potatoes for 2 weeks because climate change is wreaking havoc on the food supply.
Dark, but valid, and very possible. I do want to mention this about Social Security.
But it’s coming to pass - 6 year from now benefits will be cut 40% if nothing changes.
It doesn’t have to. Social Security is literally the easiest problem in DC to solve. All they have to do is raise the income cap, which is ridiculously favorable to…the wealthy, of course.
Right now the cap $184,500, which means you pay into Social Security on the first $184,500 of your income. If you make less than that, like MOST people, you pay on 100% of your income. But wealthy people only pay it on the first $184,500, and they keep everything over that.
So all we have to do is raise the cap to $250,000, or $500,000, or Heck, let’s just make it the first $1 Million. That would fully fund Social Security for decades, and give everybody a big raise, too.
It means the Sociopathic Oligarchs are going to have to pay a fraction higher, but they are going to scream like it means they might have to sell their third yacht in Hawaii, and then Hawaii won’t be any fun anymore. But don’t worry about them, they’ll be okay, they won’t have to sell their yacht. Hawaii will still be fun.
If you have a mortgage, you do not own your home. It can and will be taken away from you the second you are disabled or otherwise out of work.
This is a false statement. You predicated your argument on this false statement. The rest of what you said has a modicum of truth, but the core principle you used to prop up your argument is false.
Just go back and re-base your argument on something other than the idea that a house isn’t owned until it is completely paid off. Drop that claim, and the rest of your point is perfectly valid. Keeping that claim undermines your credibility. You don’t need that claim to be true to make your point; there is no sense in dying on this particular hill.
55% of millinials own a home. This is down from about 59% of gen x.
Y’all need to touch grass. There is a downward trend, the bottom didn’t fall out.
It took us longer to get here, and we’re worse off. Everyone can feel that. People remember their childhoods with occasional vacations and things we might see as luxuries today.
More to the point, class of 2000 here, but they told us Social Security would be insolvent from the time we were teenagers, “don’t expect to get anything.” We know now that was actually political psyop designed to get us ready for them to kill social security. But it’s coming to pass - 6 year from now benefits will be cut 40% if nothing changes.
A lot of folks my age, myself included, had to suffer multiple once-in-a-lifetime crises like 2001, 2008, plus medical events and other emergencies that liquidated retirement plans. So even those who were saving often lost it all, maybe repeatedly.
I am not eager to see my final vision fulfilled, which is a bunch of tatted up, screen addicted old people jammed into the worst elderly housing projects without serious medical care, just cubes for us to die in cheap, while we play N64 and get stoned together and try to live on a bag of potatoes for 2 weeks because climate change is wreaking havoc on the food supply.
But yes, touch grass.
Dark, but valid, and very possible. I do want to mention this about Social Security.
It doesn’t have to. Social Security is literally the easiest problem in DC to solve. All they have to do is raise the income cap, which is ridiculously favorable to…the wealthy, of course.
Right now the cap $184,500, which means you pay into Social Security on the first $184,500 of your income. If you make less than that, like MOST people, you pay on 100% of your income. But wealthy people only pay it on the first $184,500, and they keep everything over that.
So all we have to do is raise the cap to $250,000, or $500,000, or Heck, let’s just make it the first $1 Million. That would fully fund Social Security for decades, and give everybody a big raise, too.
It means the Sociopathic Oligarchs are going to have to pay a fraction higher, but they are going to scream like it means they might have to sell their third yacht in Hawaii, and then Hawaii won’t be any fun anymore. But don’t worry about them, they’ll be okay, they won’t have to sell their yacht. Hawaii will still be fun.
Just raise the cap. Next problem.
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My disability insurance would pay off my house and my car. A HELOC would cover several thousand dollars worth of emergency expenses.
I haven’t paid off my mortgage yet, but I own a very large percentage of my home.
You overgeneralized well beyond the point of absurdity.
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This is a false statement. You predicated your argument on this false statement. The rest of what you said has a modicum of truth, but the core principle you used to prop up your argument is false.
Just go back and re-base your argument on something other than the idea that a house isn’t owned until it is completely paid off. Drop that claim, and the rest of your point is perfectly valid. Keeping that claim undermines your credibility. You don’t need that claim to be true to make your point; there is no sense in dying on this particular hill.
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You ok there, bud? Having a bad day or something?
Less than 1% default. Not really socialital collapse.🤷♂️
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And nowhere close to societal collapse.