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AdamSmithsInvisibleHand (900520)
Joined 2022-05-21
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obama's wealth in politics
3 ups, 3d
They hate it when gasoline costs more than it should but they absolutely love it when the government costs far more than any amount of inflation or price increases. They feel patriotic when they are forced to pay more in taxes. They won't voluntarily pay more taxes, which is something that can be done. They only want taxation by force.
obama's wealth in politics
4 ups, 4d
This is why no one should pay any attention to Obama. Any wealth accumulation, including extreme, is good for everyone.

WEALTH IS NOT FINITE. Rich people are NOT keeping you from living better. It is not like all of wealth (not money) is hoarded by the rich. Money can be finite but money is only one representation of wealth.

That means it is entirely possible for a homeless person to become mega-rich. The book and later the movie, "The Pursuit of Happyness" is not fiction. Chris Gardiner, the author of the book, it is his journey from homelessness to rich. I doubt he is the only one to do that. And it doesn't take the government to help. In fact what the government does is get in the way. That is why there aren't more rich people.

When the economy is good and there are plentiful jobs in the private sector then that tide lifts all boats and it is doing that right now. We have the lowest poverty rate ever recorded right now. People are earning more money now than in the last several years, even though Biden's inflation as horribly devalued the dollar.
Math is a bitch! in politics
0 ups, 4d
🤣🤣🤣🤣🤣🤣🤣🤣
The Choice (pardon the profanity) in politics
1 up, 4d
"As I said if your premiums increased roughly double it's because you made over 400% what the poverty level was at the time"

You're fooling yourself if you think that I made anything close to that much money. That's a joke. I am very frugal because I never earned enough money to where I could just spend money on whatever I wanted. I do have a mortgage on an average middle class house. Fortunately for me we bought the house before property values skyrocketed. I could not afford my house at what it appraises for right now. I had some debt on my credit cards but I try to pay cash for everything. I was living paycheck to paycheck when Obamacare was forced on me.

"Also 2x ain't even that bad considering after Repub's OBBB was passed some people's insurance premiums have gone up 10x."

You're nuts. That bill did not do anything to inflate the cost of healthcare. I am right at a good position to let you know about something. I just retired 3 months ago. I went from my employers health insurance to Medicare because I am over 65. The premiums for health insurance that was taken out of my paycheck did not change because of Trump, in fact they just did not change at all. Because I was working and collecting Social Security, I had to pay taxes on Social Security but not nearly as much as I would have if it wasn't for the OBBB. That cut my taxes quite a lot. Unfortunately, next year I won't have that tax cut because Congress is only interested in themselves and not any of their constituents.

I think taxing social security is evil and at least Trump gave social security recipients a two year reprieve on our taxes. Congress is the obstacle of getting taxation on social security benefits repealed completely.

"Let me guess... You attribute the post-pandemic inflation under Joe Biden to be 100% Biden's fault..."

I attribute Biden's inflation to the fact that Biden caused the Federal Reserve to print/digitize more and more dollars. The pandemic did not cause inflation, it caused a massive economic downturn because of the lockdown.

The ONLY thing that causes inflation is when a government (or in our case the Federal Reserve) prints/digitizes more money than value of the money. Biden's belief in Modern Monetary Theory was the direct cause of inflation. Each new dollar printed devalues all existing dollars. Print enough dollars and soon the currency is worthless. That was the road Biden was taking us down. Look into Modern Monetary Theory.