Mainly because corporations have managed to shift their tax burden to the middle classes and have absolved themselves of any sort of pension plans by putting the onus on "the individual" with shaky, shitty 401K plans. So now it's acceptable for stupid voters to piss themselves over those 'goddamn state workers and teachers' getting a free ride'. these shortages in the richest empire that ever existed are pretty fucking mindboggling. But hey, "people vote with their pocketbooks"!..
It's Okay To Be White
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Most corporations haven't paid the full tax rates ever because of massive loopholes, creative accounting or just plain parking money outside of the country. I don't agree that "corporations" shifted any burden anywhere. Congress changed the tax laws... while lowering the rates across the board, the economic stimulus/growth combined with corporate repatriation of parked funds and it is actually bringing more tax revenue into the federal government...
Before anyone screams but the deficit is growing... well Congress, once again, has done nothing to control spending. Plenty of blame on both parties for the deficit... and it is NOT a White House issue. The House of Representatives alone owns/controls the Federal budget...
The Pension situation with those 'goddamn state workers and teachers' getting a free ride' rests solely on the backs of local politicians who promised those unrealistic free rides to get elected without the funding to support paying for them. The people who were elected on those promises are mostly long gone and can't be held accountable once out of office.
This is a real serious crisis brewing and it will impact virtually every major city, county and many state budgets. Sadly the people who will be impacted the worst will be those with the least ability to reenter the workforce they left having reached retirement age. I don't see any Federal bailout saving those folks..."If you want to be a monk... you gotta cook a lot of rice...”Comment
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Em, "congress" changed tax laws based heavily on being bought off by donors/lobbyists. From? Corporations! yeah, no shift there...
while lowering the rates across the board, the economic stimulus/growth combined with corporate repatriation of parked funds and it is actually bringing more tax revenue into the federal government...
And, can you cite anything that actually shows that cutting taxes brings in more revenue?
Before anyone screams but the deficit is growing... well Congress, once again, has done nothing to control spending. Plenty of blame on both parties for the deficit... and it is NOT a White House issue. The House of Representatives alone owns/controls the Federal budget...
The Pension situation with those 'goddamn state workers and teachers' getting a free ride' rests solely on the backs of local politicians who promised those unrealistic free rides to get elected without the funding to support paying for them. The people who were elected on those promises are mostly long gone and can't be held accountable once out of office.
This is a real serious crisis brewing and it will impact virtually every major city, county and many state budgets. Sadly the people who will be impacted the worst will be those with the least ability to reenter the workforce they left having reached retirement age. I don't see any Federal bailout saving those folks...Comment
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Take a breath there, Nick... the public sector pension crisis for city, county & state municipalities I'm referring to has nothing to do with Federal taxation and the infamous 1% scenario. Those pension funds are not subject to Federal law funding requirements as Private sector pensions are or most were before corporations shifted away from pensions to 401K's.
City/State politicians legislated and promised outrageous and unsustainable pension commitments to workers. But failed to manage the retirement funds properly and worse failed to adjust the funding or reduce the payout burden when average retiree lifespans rose to 20+ years. The system worked fine in 1970 when the average lifespan was around 70... meaning the average payout duration for someone retiring at 65 was about 5 years.
Now you've got people living into their 80's and collecting in some cases 60-80% of their previous salary and waves of baby-boomers trying to retire... but the pension funds are still paying thousands that should have been dead 10-15 years prior based on the funding models that weren't managed to keep up... Washington didn't fuck this up. In your case, New York state, counties and cities did so... and you and your parents elected the idiots that got you into that mess.
The only explanation I can offer is... your family chose to reside in one of the most over-populated states that generates a lot of taxable income. The nation has always had population concentrations which created distribution imbalances for the greater good of the nation. One of the founding elements of Liberty and free-will is you have the freedom to live where life best suits you and your needs. Maybe New York isn't the best choice..?"If you want to be a monk... you gotta cook a lot of rice...”Comment
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Take a breath there, Nick... the public sector pension crisis for city, county & state municipalities I'm referring to has nothing to do with Federal taxation and the infamous 1% scenario. Those pension funds are not subject to Federal law funding requirements as Private sector pensions are or most were before corporations shifted away from pensions to 401K's.
City/State politicians legislated and promised outrageous and unsustainable pension commitments to workers. But failed to manage the retirement funds properly and worse failed to adjust the funding or reduce the payout burden when average retiree lifespans rose to 20+ years. The system worked fine in 1970 when the average lifespan was around 70... meaning the average payout duration for someone retiring at 65 was about 5 years.
Now you've got people living into their 80's and collecting in some cases 60-80% of their previous salary and waves of baby-boomers trying to retire... but the pension funds are still paying thousands that should have been dead 10-15 years prior based on the funding models that weren't managed to keep up... Washington didn't fuck this up. In your case, New York state, counties and cities did so... and you and your parents elected the idiots that got you into that mess.
The only explanation I can offer is... your family chose to reside in one of the most over-populated states that generates a lot of taxable income. The nation has always had population concentrations which created distribution imbalances for the greater good of the nation. One of the founding elements of Liberty and free-will is you have the freedom to live where life best suits you and your needs. Maybe New York isn't the best choice..?Comment
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No. You have to be an ignorant asshole to be a white supremacist. Genetic testing turning your beliefs in their head would only confirm this.Comment
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Apparently the white supremacists have really dropped their standards lately. Their main poster boy is an Orange Imbecile freak who obviously isn't "superior" to any other life form.Eat Us And Smile
Cenk For America 2024!!
Justice Democrats
"If the American people had ever known the truth about what we (the BCE) have done to this nation, we would be chased down in the streets and lynched." - Poppy Bush, 1992Comment
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No... it really isn't. Orange is not a natural color for human beings. And the only orange people I know of are Trump and John BONER.
Boner might be pro-cannabis now, but he's still pretty much a basket case who bursts into tears without warning any random second.
Orange just ain't healthy... mentally or physically, apparently.Eat Us And Smile
Cenk For America 2024!!
Justice Democrats
"If the American people had ever known the truth about what we (the BCE) have done to this nation, we would be chased down in the streets and lynched." - Poppy Bush, 1992Comment
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No... it really isn't. Orange is not a natural color for human beings. And the only orange people I know of are Trump and John BONER.
Boner might be pro-cannabis now, but he's still pretty much a basket case who bursts into tears without warning any random second.
Orange just ain't healthy... mentally or physically, apparently.
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Rich people don’t pay tax.
You’re 51 and you don’t understand the system yet. They have you distracted worrying about who got which crumb from their table.
People voting to lose their healthcare and pensions destroying the planet to give billionaires tax cuts - incredible.
And that motherfucker is whiter than Casper.Comment
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Take a breath there, Nick... the public sector pension crisis for city, county & state municipalities I'm referring to has nothing to do with Federal taxation and the infamous 1% scenario. Those pension funds are not subject to Federal law funding requirements as Private sector pensions are or most were before corporations shifted away from pensions to 401K's.
City/State politicians legislated and promised outrageous and unsustainable pension commitments to workers. But failed to manage the retirement funds properly and worse failed to adjust the funding or reduce the payout burden when average retiree lifespans rose to 20+ years. The system worked fine in 1970 when the average lifespan was around 70... meaning the average payout duration for someone retiring at 65 was about 5 years.
Now you've got people living into their 80's and collecting in some cases 60-80% of their previous salary and waves of baby-boomers trying to retire... but the pension funds are still paying thousands that should have been dead 10-15 years prior based on the funding models that weren't managed to keep up... Washington didn't fuck this up. In your case, New York state, counties and cities did so... and you and your parents elected the idiots that got you into that mess.
The only explanation I can offer is... your family chose to reside in one of the most over-populated states that generates a lot of taxable income. The nation has always had population concentrations which created distribution imbalances for the greater good of the nation. One of the founding elements of Liberty and free-will is you have the freedom to live where life best suits you and your needs. Maybe New York isn't the best choice..?Comment
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