Step up in basis doesn't fit here though. They should text that capital gain.

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May 20, 2024
10:07:19am

Plato All-American

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Plato

Bio page: Plato
Joined: Mar 21, 2017
Last login: Jun 2, 2024
Total posts: 20,231 (486 FO)

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Messages

Author

Time

Been reading about "using" the boomers' wealth to pay down national debt

JoMax

May 20, 9:38am

Don’t we have an inheritance tax??

germ1

May 20, 9:45am

Effectively...no

Plato

May 20, 9:47am

The wealth transfer is wildly over stated. Most of it will be tax free

rad dawg

May 20, 9:50am

As it should be. Why should money that has often been taxed several times

Archaea

May 20, 9:58am

Don't understand why a transfer of the same already taxed money justifies an additional tax. So dumb.

Soupie

May 20, 10:00am

Im with you. More taxes is rarely if ever the right answer.

rad dawg

May 20, 10:00am

Step up in basis doesn't fit here though. They should text that capital gain.

Plato

May 20, 10:07am

RE: Step up in basis doesn't fit here though. They should text that capital

Archaea

May 20, 10:19am

Everyone else has to pay cap gains, why not people who die or their

Plato

May 20, 11:31am

You have a tough road

Archaea

May 20, 11:38am

Sounds awful. But fine, start with indexing SS based on income/wealth

Plato

May 20, 9:47am

It should have been indexed with life expectancy.

Dryfire

May 20, 10:01am

Compound index SS and other safety nets for both wealth and age

NYC and Japan

May 20, 12:31pm

Wait, wait not I tell our Gov can control their spending. Otherwise they will Co

germ1

May 20, 9:47am

RE: Been reading about "using" the boomers' wealth to pay down national debt

Archaea

May 20, 9:47am

Here my solution pass a law that if we are invoked in a war with a country holdi

germ1

May 20, 9:52am

The credibility of the US dollar and the premium fiat currency is tied to

Archaea

May 20, 9:57am

I'd prefer Congress to stop spending (and wasting) so much money

Huge Manatee

May 20, 9:50am

They don't value money... period. Throw it around like it's Monopoly money.

Soupie

May 20, 10:01am

Without a commitment to a balanced budget, it would be paying off credit cards

cougarmeister

May 20, 10:33am

They can’t even slow down the rate of growth. Doesn’t take a risk to the economy

Jstak17

May 20, 11:28am

It’s always so easy to give away other people’s money.

Big Daddy D

May 20, 10:05am

Yeah, I see your (and others) POV. Until spending is under control it would be

JoMax

May 20, 10:10am

That's commie talk. You should be ashamed.

Mister P

May 20, 10:27am

Why don't we reduce spending? There's a novel idea.

coolblue

May 20, 10:44am

WE are leaving it to them? how about the three generations who voted in spendthrift government?

ChinaFan

May 20, 10:49am

This is a horrible idea. Complete disaster

PickleButton

May 20, 11:01am

Well... much/ most of that boomer money will be spent as retirement.

NYC and Japan

May 20, 12:35pm

Um big no. That's the boomers money not yours. The nation is in debt not bc of the boomers but bc of the overspending

BYU Grounds

May 20, 3:54pm

Who’s been running the federal government and making the decisions resulting in overspending?

SpecialT

May 20, 5:30pm

Joe Biden, Schumer, Pelosi, Schiff, McConnell, Obama, GW Bush, basically most of Congress and every president since Clin

BYU Grounds

May 22, 6:00pm

All boomers, right?

SpecialT

May 23, 9:55am

So you are saying people like my parents who worked from teenage years to 65-70 ripped off the tax payers? LOL

BYU Grounds

May 23, 9:45pm

Yes, make sure Trump and Biden are both on the list, as well

CougarVeteran

May 23, 10:28am

No, he’s a boomer. So it’s all his money

puntersarepeople

May 20, 8:52pm

I am Gen X and yes its all money. And considering I won't get a whiff of my Social Security, I am..

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