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> Perhaps the people who look at a tax return as free money from the government won't feel fleeced It's not a tax return, it's a tax cut. That means the govern
by joelrunyon 9y ago
> Perhaps the people who look at a tax return as free money from the government won't feel fleeced
It's not a tax return, it's a tax cut. That means the government is taking less money from me (not giving me more money). I don't know anyone under 35 that's actually counting on SS on being there for them (not saying they're happy about, but most realized 10+ years ago that it's not gonna happen). That was a reality before this happened.
- curun1r 9y agoI meant that more as a description of people who don't understand finances. Anyone who knows anything realizes that a tax return is returning you your own money. But some people treat it like a windfall rather than a restoration of their own property. Those kinds of people are the ones that don't think far enough ahead to realize that what's being taken from them, retirement, is much more valuable than what's being given to them, a small tax cut. But anyone with an actual retirement plan should be furious because those programs--that we've paid into for our entire working careers--will be supplying us with significantly less than they would otherwise. Yes, we've known that Social Security isn't going to be enough on its own ever since Bush II replaced all the money with IOUs, but until this tax cut, there was a reasonable expectation that those programs would survive in some form and augment our 401(k) and IRA accounts. Now, we're basically on our own. And with the Republican unwillingness to deal with health care, we'll likely be left to fend for ourselves in that area...convenient since that's the most expensive part of life when it comes to medical expenses. But hey, the 0.01% got it rough and need some tax relief, right?