Can an economy be run and maintained solely by the spending of senior citizens? What are the implications on financial markets?

I'm as right wing as they come but I would 100% support massive increases in property taxes to increase selling pressure in the RE market

>>60568288 (OP)
This is for the poor 90% of the boomers. And the economy can absolutely run on the 1%. Just watch the next decade. It can even make the rest go extinct.

>>60568288 (OP)
A friend of mine put it best.

>my parents don't believe me but moving out of their basement is worth despotism but not rent.

>>60568298
No taxes please. Just make it illegal to hold more than one residential property.

>>60568307
laws like that can be circumvented by creating "companies" who own the investment RE instead of the individual
selling pressure has to increase inventory to push down prices and the only way to do it is to increase the cost of ownership i.e. taxes

>>60568307
laws like that can be circumvented by creating "companies" who own the investment RE instead of the individual
inventory has to go up to increase selling pressure to push down prices and the only way to do it is to increase the cost of ownership i.e. taxes

>>60568323
so once you finally buy a home the government taxes you until you sell it? Home ownership?

>>60568327
the idea being that property taxes would lower the value of RE in general so the actual value you end up paying is the same (higher percentage on a lower value)
It's the same "gravity on prices" mechanism that makes equities go down when interest rates go up

This would make RE cheaper and disincentivise hoarding

>>60568288 (OP)
the really poor boomers already don't pay taxes on their SS.
but screw taxes. just deport third worlders, lower rates, and let the supply boom do its thing.

>>60568288 (OP)
fuck boomers but this is a retarded argument. social security was already taxed at collection (your payroll tax.) also social security is already largely untaxed. the average SS payment is like $2k/month and retirement incomes <$25k/year allow for SS collections to go untaxed.

>>60568339
What could go wrong? Im sure once the government has the power the levy arbitrary taxes on your property they will NEVER EVER abuse that power

>>60568375
the government already taxes your property

>>60568288 (OP)
Economies run on production, not spending. Production arises out of capital investment in the means of production. The more money that stays in the hands of private citizens, regardless of age, the more gets invested in production. Although older people probably invest more than younger folks.

>>60568298
Why not make it illegal for corporations to own property? If you are concerned about property not circulating in the market, corporations are your biggest problem because they are immortal. Individuals inevitably die and no matter how many properties they own, they will change hands and often go on the market.

>>60568298
>add a 5-10% property tax
>everyone tries to sell their real estate
>prices crash
>property taxes crash

Eventually you’d hit an equilibrium but still, kind of pointless. You want to crash prices so you can own a home but having a huge property tax would kind of defeat the purpose of owning a place vs renting since now you pay the gov thousands a month for the privilege of owning a property

>>60568405
I could support increasing taxation for any property you aren’t a resident of. So that would be any corporate owned residential property or a boomers 2nd or 3rd house.

Almost everyone ITT is a communist faggot. I never believed I'd see the day so soon.

>>60568480
>rent prices totally wont go up if property taxes go up! Im smart I went to university!

>>60568298
Zoomerfaggot logic

>>60568498
You can’t infinitely increase rents just because your costs go up. People don’t have money to pay you. If you ask $4k/mo for a 1Br when most of the population is broke you simply won’t be able to rent it out.

There are TONS of landlords out there who barely break even or actually are losing money each month because they can’t charge enough rent to offset costs (and they usually sell eventually).

>>60568383
only the local government, not the feds.

>>60568602
15 guatemalans or 10 indians can afford $4k a month

>>60568298
Who exactly would buy these massively taxed properties?

>>60568299
The poor boomers relying on SS of less than 25k/year already don't pay taxes. This would extend it to the boomers who make so much on it that it is currently being taxed, completely asinine. I voted for Trump all three times but this bill is absolute retardation and him pushing it as a massive tax hike if it doesn't pass is so out of left field from everything else he has done.

>>60568715
>fell for it again award
how could a new york city businessman with a jew son in law and an undying love for israel do this to me???

there isnt any. SS is funded by payroll taxes its not a piggy bank invested like the government would like you to think. part of that big chunk of your check missing is SS deductions.

only the rich boom booms pay taxes anyway, that's no new. if you make between 50k and 1000k thank you, your fund everything including boomers. while you pay 30-40-50% the actual rich pay single digits.

>confiscate
boomers will suddenly go all in on crypto

>>60568298
Based and Georgepilled

>>60568298
Retard
>>60568307
Retard
>>60568832
Retard

>>60568288 (OP)
everyone under 50 should be in jail!

>>60568883
name 1 problem with this

>>60568323
Tax the 2nd or 3rd home at a very high tax rate to remove speculation. 1st home should have lower property taxes and deductions. Problem solved.

>>60568845
how big are the hats in your household?

>>60568288 (OP)
I'm right wing and would like to cut taxes across the board as much as possible but I agree with the sentiment. I'm really surprised generational conflict isn't discussed more in the public space than it is. I have permission to say this because it's my own party, but Republicans are often stereotyped as being the stupid people party and it's entirely true. It's ran by a bunch of stupid, out of touch, old people who have a weird resentment for the youth. You should take responsibility and pay back your student loan, but not the federal government, banks, or universities that decided to give a 40-50k loan to pimple faced 18 year old that wanted a degree in interior design. Voiding the debt is socialism, but when's the last time you heard a boomer say we should should slash Medicare or social security? When they're getting free shit at everyone else expense they're all for it.

>>60568288 (OP)
Social security shouldn’t be taxed though. You already paid for it. Makes no sense. SS is a ponzi anyway

>>60568635
Nobody, until the price is right and reflects actual demand, so about 75% South of where they are now. Boomers die and singles which is the majority of zoomers and millenials need less space than families.

>>60568307
>>60568323
>>60568931
I had an idea that:
>Setting rents below market rates gives the owner of the property credits that can be used to offset their personal taxes.
>The property must be owned personally or by a proprietorship. Partnerships and corporations do not get this advantage.
The problem is determining what "market rate" is.

>>60569020
>old people who have a weird resentment for the youth
its evangelicals that are assmad that everyone but them literally fucks

>>60569020
>When they're getting free shit at everyone else expense they're all for it.
Republicans are the anti-politics party, because what you just wrote explains the essence of politics.

>>60568613
that's a lot riskier for the landlord than a young family. the wealthy reinvest their gains, which is understandable, but in doing so they compete with regular people for real world assets. the wealthy will eventually own everything and rent it out to you (they already do). the rent seeking doesn't even stop when people have no more money, the wealthy just lend you money, your debt is an asset to them as well. implementing a wealth tax is not easy and there are efficiency gains to be had if a single entity manages multiple properties / assets, but in the long term it has to be done. else we'll all amass multi generational debt for basic living expenses in the near future

>>60568288 (OP)
The problem is that 40 to 50 years from now youre going to be the one that collects social security and anything over 35k per year gets taxed at 80%. And the fact that its basically all one huge slush fund means that the taxes you pay into isnt given back to you directly.

So effectively the taxes i pay when im 20 that go through social security should not be taxed again 50 years later again to pay into social security. You want people to put into the fucking system, not have them rely on a 401k or stocks because social security taxes them TWICE.

These communist fucking grifters need to have their mothers slammed into a fucking brick wall by an 18 wheel 10 ton kenworth semi truck going 80mph down the highway.

>>60571039
>youre going to be the one that collects social security

>>60571047
Its all a fucking scam

>>60571051
We live in a boomer world and you and I pay for it.

>>60568298
> im right wing
> i support property taxes, even increasing them
you aren't right wing
you are a left wing authoritarian

>>60571770
Authoritarianism is a right wing ideology, my sociology professor told me

>>60569507
Need to pass a law limiting single family home purchases for entities like blackrock. Otherwise they will just scoop them up and dare you commit mass arson

>>60571083
watching the shitshow fall apart in slow motion, i'm glad i lived my youth as recklessly and hedonistically as possible. i literally got mine.

>>60570851
Legitimately a great idea. Is there any politician out there trying to enact similar policy?

>>60568405
Because corporations would just contract someone to do it for them. The law would never keep up with the corporate shenanigans without full scale top down regulation. Taxes are the only incentive that works. Society and all of its problems, are basically a mirror for taxes.

>>60568715
Trump understands his base. Boomers are so retarded they probably dont realize their fixed income isnt being taxed - ESPECIALLY the ones who manage to live through the greatest era of wealth accumulation and need to rely on a government fixed income.
This is an insignificant part of the bill just to appease the low IQ old fucks

>>60568288 (OP)
find a sugar daddy or mommy and work are replaced by AI.

>>60568298
>>60568339
>the solution is to literally turn ownership into renting from the government
I doubt you're even a human.

>>60568383
>it's already bad so it might as well be extreme

>>60568288 (OP)
Leftists are now saying that taxing the SAVINGS of old people is actually le good just to complain about Trump.

All pundits should die.

>>60568298
No need, bitcoin is a better economic unit than land, so will continue to drain economic unit demand from boomer units like land, gold, and equities

>>60568715
>him pushing it as a massive tax hike if it doesn't pass is so out of left field
Wat? You’re aware the 2017 tax cuts expire if this doesn’t pass, right? This is a HUGE tax hike if this doesn’t pass

>>60568298
>City increases property taxes more than other municipalities.
>Majority moves out of the city to surrounding areas or completely out of the state where taxes are not retarded.
>Welcome to Detroit, Michigan

Raising taxes are retarded. Plain and simple. No one wants to pay them. And good luck getting people to do what you want them to do.

>>60572929
social security income is taxed, dumbfuck, as are withdrawals from 401k, pensions, etc

>>60573756
Damn this country really is gouged out by jews in every aspect

>>60573777
yeah it's a fucking scam. like 401ks are sold as being "tax advantaged" because you don't pay taxes when you put money into it because in theory you'll be in a lower tax bracket by the time you're retired, but of course inflation and whatnot will erase whatever feeble gains your fund made while you were waging

>>60568405
Retard.

>>60568298
The real problem is now most men and women are single into their 30s. And they don't have kids living with them. It used to be 1 home = like five americans. Now there needs to be a single home for every person. Also most women work now. That means any couple that wants a housewife has to have the man earn double the average wage just to afford the same home a double working couple can. Which make even less sense when you consider which one intends to have children. Really gets the noggin joggin about capitalism. When resources are allocated based on wants instead of needs you see this type of clownery going on.

>>60573649
Poor people already dont pay taxes on their SSI
Rich people do

>>60568288 (OP)
isn't social security just taxpayer money anyway? instead of having a pointless layer of bureaucracy they can just reduce the pay when needed

>>60572340
>scoop up commodities
>that are bound to naturally deflate due to decrease in demand
sounds like a stupid plan. Then again, blackrock has a buttcorn fund, lol.

>>60573963
capitalism is fine, the problem we have is is fiat currency + crony corporatism

>>60568288 (OP)
This is the best launch on SOL

Automatically pays out 20 of the best stock options on chain (tokenized)

https://dexscreener.com/solana/ETFVZ9K1VS98Cef12H6CPchs8RJfipmb4x3hyUrkcNST

>>60573999
SSSA is money that everyone has put into the pool. Some have put more in than others and some have put less but everyone has contributed to the system through taxes.
To the frontend user, it is money that is being stolen from you going into a slush fund that the government uses for overspending.
At this point if you've been working for over 20 years, you've contributed well over $200k to it. It's meant to be a welfare deposit even if you don't use any other money saving alternatives so you can live your dying years.
People want to upend the system because BOOMERS ARE BAD and instead distribute this money to poor dying crackheads.
There is no solution other than ending the global nanny state, but people keep electing redvblue so it will be either taken by your tax dollars or taken by force.

>>60575765
stop spamming that scam faggot

>>60575792
wow so you do have socialism. and euros love to talk like theres no such things at all in the usa, that its either work or the street

>>60568715
Yea, my mom racks in about $130,000 a year with SS. She is responsible and will leave me this untaxed money.
It's not our fault if your parents are shit.

>>60573671
lmao retard teenager.

>>60568298
What needs to be done is progressive taxation - x2 for second RE, x3 for third and so on. This way the new home owners won't get punished and the boomers will pay the price. This won't happen tho.

>>60568288 (OP)
Why do you think so many Western nations have record high taxation while importing record numbers of brown people?
They're double-dipping on consumers by importing them and having them subsidised.

>>60568288 (OP)

It's a ploy to prop up casinos and cruise ships so old timers have a place to squander whatever money they have left

>>60568393
>probably invest
arent all banks investment banks since 1999, any deposit I have its already being invested in loans and other shit.

>>60576648
is she collecting for 10 dead people

>>60577322
Probably has other income and gets a SS check.
Lots of oldsters have this. High earning oldsters are being taxed at a high rate on their SS.
If they don't squander it then their kids will get it.

Good luck to retard parent havers. At least you won't have to pay as much for their nursing home.

>>60573649
Social security income is not savings. It is income.

>government (((taxes))) you by taking your money and saying they will give it back when you are senile
>you also get (((taxed))) on the amount they give back to you, if you even live that long and only after inflation has lowered the value of the money significantly
I hate boomers, but how is this not the most Jewish thing ever?

>>60568393
Economies run on money. Whatever makes the most money is best for the economy. A YouTuber or only fans model can bring in millions of dollars. Much more than a farmer or logger. Production is a meme and is only for poor countries

>>60577406
Why is this bad?

>>60577553

Why is taxing something multiple times while misrepresenting what it is bad? Lmao.

We would have 10x more in retirement if they dumped your SS contributions straight into a SPY or VOO account and didn't touch it until you were 65. It's already a faggot slush fund welfare program and they still tax it on top of that.

>>60577584
What is being taxed multiple times? You're taxed when you receive the W-2 income (this tax pays for senior benefits) and you're taxed when you receive the social security income (this tax goes into the general fund). You seem to be under the misconception that dollars paid into social security are somehow "yours" and they get returned to you in retirement. This is not the case. Social Security is an earnings-related benefit, not a retirement fund.

>>60577619

>You seem to be under the misconception that dollars paid into social security are somehow "yours" and they get returned to you in retirement. This is not the case. Social Security is an earnings-related benefit, not a retirement fund.

Oh, I'm under that misconception am I?? How funny! That's how it was originally marketed and sold to the American people. It's the government's money now? That's very cute anon!

>>60568288 (OP)
Young people have deliberately disconnected themselves off of learning or caring about such provisions.

>>60577619
post nose

>>60577637
It's not my fault if you're as stupid as the average American. Don't get mad at me.
>>60577939
>I paid income taxes last year and I have to pay income taxes this year too? Double taxation!

>>60568288 (OP)
>>60568298
As a millennial. I am glad you zoomer retards hold no real world influence yet, hopefully by the time you do you will be less retarded.

>>60577961
Stop using Jewish mental gymnastics, it's simple.
>give us money to pay for a program that will give you money when your old
>now that your youth is gone, you can have some money back from the program, but we need to take another cut for more programs
What a terrific service to us lucky goyi-, I mean, Americans!

>>60578031
I don't think social security benefits should be cut for zoomers but that's not intrinsic to social security. That's just Congress refusing to address the issue.

>>60576793
This, and no, it won't happen since it targets a (((certain group))).

>>60577939
i bet he is finnish. they love taxes more than anything and always wish for their neighbor to pay more taxes

>>60569020
>old people who have a weird resentment for the youth

Hint: civilizations that do this tend to not make it

>>60568298
based sensible policy anon

>>60576657
>no argument
Pathetic. Also old enough to be your father, dull little zoomzoom