Hey, I have a question, sorry if I sound ignorant. I think this is such a power move on GEOTUS' part and am loving it. However, I see reddit is spinning this as Trump gung-ho on gutting Social Security... I honestly don't know too much bout how any of this works, can someone ELI5?
It's all imaginary numbers at this point. Social security has been gutted for a long time. Social security is a scam. You are literally getting a negative return on your money. So even the people receiving it are getting ripped off, bigly. It's something like a -1.4 return on investment. It's insanity.
But we just create money when we need it now. So no, lol Trump isn't gutting social security. As I said, social security has already been gutted. It's a failed ponzi scheme.
-Btw Bball -- for the reddit trolls, this EO, as ordered, is a deferral of taxes, so that people still fortunate enough to have a job can have a +8%, and support (local) businesses so that they don't collapse and never come back. It isn't "giving away"//"gutting" anything.
-The EO, as currently ordered, is simply deferring payroll taxes from 8/1 to 12/31. See my post history, if making 60k/yr, it should defer about 1.5k. These people filing taxes should certainly get that much back as a tax refund ... but in this case, they likely won't get a refund (it's like the government gave you your 2021 refund cash advance, because of COVID ... tbh, that's a pretty good spin on things -- i like that, haha).
-So, no, as far as I can see: There is 0 room for criticism. Great move.
-Footnote: If anyone is actually on reddit, do they want to try seeing how the libs would feel if Trump pushed for a "tax refund cash advance" as COVID relief? Lmao.
Hey, I have a question, sorry if I sound ignorant. I think this is such a power move on GEOTUS' part and am loving it. However, I see reddit is spinning this as Trump gung-ho on gutting Social Security... I honestly don't know too much bout how any of this works, can someone ELI5?
It's all imaginary numbers at this point. Social security has been gutted for a long time. Social security is a scam. You are literally getting a negative return on your money. So even the people receiving it are getting ripped off, bigly. It's something like a -1.4 return on investment. It's insanity.
But we just create money when we need it now. So no, lol Trump isn't gutting social security. As I said, social security has already been gutted. It's a failed ponzi scheme.
Agreed.
-Btw Bball -- for the reddit trolls, this EO, as ordered, is a deferral of taxes, so that people still fortunate enough to have a job can have a +8%, and support (local) businesses so that they don't collapse and never come back. It isn't "giving away"//"gutting" anything.
-The EO, as currently ordered, is simply deferring payroll taxes from 8/1 to 12/31. See my post history, if making 60k/yr, it should defer about 1.5k. These people filing taxes should certainly get that much back as a tax refund ... but in this case, they likely won't get a refund (it's like the government gave you your 2021 refund cash advance, because of COVID ... tbh, that's a pretty good spin on things -- i like that, haha).
-So, no, as far as I can see: There is 0 room for criticism. Great move.
-Footnote: If anyone is actually on reddit, do they want to try seeing how the libs would feel if Trump pushed for a "tax refund cash advance" as COVID relief? Lmao.