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Should we really be taxing young people more when those young people are not propagating due to high housing costs, etc?
by Empact 2y ago
Should we really be taxing young people more when those young people are not propagating due to high housing costs, etc?
- GuinansEyebrows 2y agoIntentional or not, this is a bad misdirection. Young people do not have enough income to tax. Those making half a million or more can bear a sharp increase in their tax burden.
- nerdponx 2y agoNo, but that's the whole point of progressive taxation. The old and wealthy who voted us into this mess should be the ones to pay for the solution.
- toomuchtodo 2y agoSocial Security only applies to the first ~$176k of your income (inflation adjusted annually). What percentage of young people are at that income level? This is not young vs old, but the median vs the very wealthy. https://www.ssa.gov/benefits/retirement/planner/maxtax.html https://www.ssa.gov/benefits/retirement/planner/maxtax.html
- JumpCrisscross 2y ago> Social Security only applies to the first ~$176k of your income. What percentage of young people are at that income level I think they’re saying most young people make less than $176k.
- deleted 2y ago[deleted]
- spankalee 2y agoWe should directly address high housing costs by allowing housing to be built.
- toomuchtodo 2y ago17-20% fewer construction workers: Great Recession's lasting scar on housing - https://news.ycombinator.com/item?id=43269017 https://news.ycombinator.com/item?id=43269017 Insurance and Taxes Now Cost More Than Mortgages for Many Homeowners - https://news.ycombinator.com/item?id=42499267 https://news.ycombinator.com/item?id=42499267 It's the land, stupid: How the homebuilder cartel drives high housing prices - https://news.ycombinator.com/item?id=41259229 https://news.ycombinator.com/item?id=41259229 Like retirement savings, there is no will to directly address this problem.