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Can anyone refer me from Home Depot?
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How much hike does LTI give ?
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Additional Posts in Politics
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Dark Brandon strikes again
Rising Star
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Run Joe Run!! Run Joe Run :)
Enthusiast
MAGA!!!
America first!!!
Winning!!!
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Visual Storyteller
I’m considering this politics on the categories of education and intellectual property rights...should this be taken down? It enables laziness by giving people a way out for not doing the work. https://www.forbes.com/sites/susanadams/2021/01/28/this-12-billion-company-is-getting-rich-off-students-cheating-their-way-through-covid/
Enthusiast
Just an FYI Gaetz also “raised” an immigrant child without any actual paperwork and is not a blood relative.
“Geatz did not formally adopt Nestor (and he declines to discuss Nestor’s relationship with his biological family now). He re-frames the matter, saying, “Our relationship as a family is defined by our love for each other, not by any paperwork.”
https://people.com/politics/matt-gaetz-tells-story-boy-he-raised-as-a-son/
Rising Star
What is wrong with PA? How can you count so slow
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Did Q give her this insight?
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Retirees have universal healthcare. Solving social security insolvency is easy. Just increase the cap on income subject to social security tax. The bigger issue is the national debt. We need to stop lowering taxes on the rich
Pro
Yea I think we’re saying very similar things - reality is probably somewhere in the middle. I agree we should be stamping out H1B fraud and getting the program to what it was meant to be, which is those situations where we can’t find talent locally. There’s national strength and security in having the best technical talent, especially if the H1B leads to GC/Citizenship. All of tech is already multinational and they could easily staff offices in India, China and other adversarial countries if we put a H1B ban in place.
It’s important to recognize and China and India are graduating 5x and 3x, respectively, the STEM graduates that the U.S. is producing. So it’s worth tackling the problem from both ends, because getting rid of the H1B (or replacing it with the higher bar O1) isn’t going to make U.S. grads more attractive to hire if they weren’t attractive to hire in the first place. As a terrible analogy, we’ll always produce the best NBA and NFL players because we have an entire sporting culture that prioritizes it from youth - unless we do the same with STEM, we’ll continue to “import” talent that’s where the talent odds are just based on sheer number of graduates that India and China produce. At the end of the day, it’s just a numbers game of hitting the talent jackpot when you have more chances to hit gold.
We haven’t had a surplus in 25 years, this country is unable to have a serious conversation about anything, and sacrifice for the greater good is not part of its DNA anymore. It doesn’t look particularly positive. We would need meaningful tax reform, entitlement reform, reduced discretionary spending across the board, and increased economic growth. Basically everyone needs to work together. Good luck with that.
Pro
America won’t go “bankrupt” because it can print money as the reserve currency of the world i.e, “exorbitant privilege.” But our reckless spending will lead to the decline of the U.S. as an economic world force and it explains why gold is at an ATH as central banks continue to diversify away from USD. I would reckon that there will be a much more focused shift to an alternative reserve currency in the coming years.
Our current budget looks like this: mandatory spending (Medicare/Medicaid/SS) makes up ~60%, discretionary spending (defense/non-defense) makes up ~25% and interest spending makes up ~15%. I don’t see how the U.S. gets out of these holes unless we simultaneously increase taxes and cut benefits across all categories. But of course the government is not going to do that because that’s political death, and so what we will see is them inflate/devalue the debt away, which only further destroys the value of USD as a storehold of wealth both within and outside the U.S. This effectively “cuts” benefits because we get less than what we pay for, even if the dollar amount is the same.
MD1 is correct that the rich need to pay (higher) taxes, but so does everyone else - because if we don’t, then we will all end up paying for it down the road. The golden figure for retirement used to be $1M, now it’s $2M and but the time us millennials actually retire it might be $5M. I’d rather have certainty to plan that the value of money is enough to get me through retirement vs. simply hoping I’ll be able to live with dignity in old age despite aggressively saving. We’re already in the death spiral unless the U.S. gets serious about getting its finances in order immediately.
Enthusiast
My in-laws with household income of 80k just retired with 4M savings and they managed to send their son to a decent university with no loans, I think how you live matters a lot…
Kudos to them but the data still shows they are the rare exception. The problem is telling people “you should have done xyz” isn’t going to help very much when the problem is about to hit us in the face in a matter of a few years for the vast majority of the population.
My concern is those headed for retirement trouble vote for con artists promising the world and then turn around and enact bad policy. They will drag everything else down with them, but I don’t necessarily blame them either.
I believe the core problem is cultural. That we have made it “acceptable” to be loud, stupid, and controversial when not too long ago a public figure would have a reputation decimated over something like infidelity. Not saying draconian is the way, but if we don’t hold ourselves to a higher standard for discourse and decorum, we are doomed to repeat our current situation
Wait, am I missing something here? Why would rich politicians in the government have any interest in fixing this problem? How does this problem affect them in any way?
Enthusiast
First of all, not everyone needs 2 million to retire. That figure is greatly exaggerated. Could people need that much in the future? Sure.
Second, what makes you think government is going to be forced to deal with it? Because FDR stepped up to the plate in the Great Depression and did everything possible to lift Americans out of poverty and despair, the assumption is that government just HAS to care about the welfare of the people.
Nope. They do not. And they did not prior to FDR. There were very few social programs, if any. Government did not tell business what to do in terms of wages, hours etc. In fact, government backed business with military strength when starving workers struck.
Everything you see can be yanked back.
Because the populous will vote for whoever promises to solve the issue for them, in this case whoever will bail them out. It’s quite simple. Exhibit A: Mamdani. Exhibit B: the inability for the govt to repeal the ACA.
Northwestern Mutual did a study where people said they needed $1.5M to retire. Doesn’t matter what you think people should do, they will vote and act within their best interests. Every election has been decided by the economy and whether people feel like they can comfortably afford to put food on the table