The Chump Effect

@Bluesguy Beyond the nowodays situation, the notion if chumps is interesting.
From a historic point of view, democracies have been often short lived experiences and the democratic world had globally entered a long crisis.

One of the issue is that people try to search mostly for their self interest that they would a postiori define as the greater good. A similar statement can be considered when the question : who deserve to get to heaven, the one who got the most approval was : "I".

I'm pessimistic on the future of democracies because of those human limitations.

 

You just showed the chart, now look at cali. In wv you have to have made 40k in 1 quarter to qualify for full benefits. In cali only 10k.

Ca has a population problem so must make it self less attractive with higher rent. Its a supply and demand thing which has nothing to do with "taxes" If people are leaving they are leaving the country, not the state. Unless its just cheap land they are after. Which makes red states more attractive cause now working from home has become a thing.

 

What are you saying, you would rather make less money and pay SS, to see a return?
You have no idea what you are talking about, not me.

 

Yeah, the top few % are such "chumps" for paying all those taxes, so their share of the income an wealth keeps being diluted -- oh, wait, it is the other way around. Somehow, despite paying all those taxes, they keep getting richer and richer, while the bottom 50% stagnate.

 

Nonsense we all did better under Trump's policies than we did under Obsma. The real chumpare those who voted first for Obama and then for Biden believing they who promised us more of the same were going to deliver meaningful change.

 

Yah here's the kind of "change" Trump brings. A list of his many, many scandals:
https://www.theatlantic.com/politics/archive/2017/01/donald-trump-scandals/474726/

 

Do you actually believe that people who earn more than 140k don't pay SS tax?



Some people really should not be allowed to vote. A misinformed voter - the backbone of the democrat party

 

Yeah right fictions created by hateful bs artists scared to death of a future they don't govern.

 

Let's see you prove they're fictions.

 

Did you actually vote for a republican making less?
Now thats the real joke.

And yea, I thought that was the deal. Isnt that what you republicans been pushing for? If not WTF you been doing these last 6 years? Thats not rich enough, only those who make more get breaks?

 

So you actually did think that people making more than 140K don't pay the Social Security tax. Your post wasn't a typo or some sort of misunderstanding, I hoped it was. Wow, just wow, totally incredible, it makes me so sad

PS I make way more than 140K. and I do pay SS tax on the maximum amount (137K or so). Now you know.

 

Uh-huh. Sounds like you got stiffed.

 

The bottom 50% had some of their best years under Trumps tax and economic policies and don't you think being forced into a retirement plan that keeps charging you more and more in premiums with a stagnant benefit and maybe even NO benefit if the Dems have their way and means test SS. Which I could be subject too making me one of those chumps. You don't seem to get it, for everyone receiving some government payout some else is the chump who has to pay it.

 

That's why we are not a democracy. And yes societies seem to do best when the individual citizens can act in their own self interest and able to accomplish as much as their own talent and initiative gains them and not that of some government official and what they believe they should be able to accomplish and to be limited.

 

What I'm saying is your assertion that if you make over $140,000 you don't pay into Social Security, who even told you that nonsense? And yes one expects to get a return on the money they contribute to their retirements. Don't you? Do you tell you broker or 401k manager to make sure you don't get a return on your investment into it?

 

So say the chumps. We're not the chumps, you are. Tell us again when the $4 trillion dollar tax increase hit's ya.
The strongest economic president term is history is coming to an end; the poorest managed term in history is about to begin.
It's all about the big golden goose dinner....

 

Amazing isn't it. Some don't know how it works at all and some think it is a welfare program. It's a retirement system and a fair and equal one the more you pay in the more benefit you get. I rue the day when the Dems pass a bill to mean test it and come to me and says OH you have some much in your own retirement accounts you don't need SS so to make it fair with those who blew all their money and didn't save we're stopping or cutting your benefit check.

 

I would say begin again, we already had the first Dem/Biden/Obama economic failure, this will be part deaux if he holds to what he says he going to do, the same things that failed 2007-2015.

 

Derail and dodge noted.

 

Are you denying this happened?

"The political implications of the Chump Effect are obvious: Meigs begins with the story of a man who asked Elizabeth Warren if he, who scrimped to put his child through college, would be entitled to a refund under her proposed new system to forgive student loans. “Of course not,” was Warren’s response. The man was furious: He was being made a chump. Elites such as Warren blithely ignore the anger they generate among people who dutifully follow the rules every time they suggest a carve-out for whatever politically powerful group they seek to appease and flatter. “You’re laughing at me,” the man told Warren. In effect, she was, by suggesting a large class of people be rewarded for indolence, lack of discipline, poor planning, and miscalculating the cost-to-benefit ratio of higher education. A society that creates favored groups is a society that creates chumps, and a society of chumps is an angry society."
https://www.nationalreview.com/corner/the-chump-effect/

Don't you think Warren made a chump out of this guy just like Obama did with Joe the Plumber?

 

And Obama said he would make the oceans stop rising.

 

I think it's going to be an interesting show- lefties trying to figure out how to keep lipstick of an ever uglier pig that is out of control. They're gonna try; if it were not so damaging to the nation, it would be hilarious to watch.

 

Here it is again


Biden Plan to Forgive Student Debt Hinges on Democratic Control of Senate
President-elect also has the option of executive action to ease debt loads, but that could face a court challenge

President-elect Joe Biden’s ability to deliver on his plan to forgive hundreds of billions of dollars in student debt faces steep odds unless Democrats take control of the Senate....

...
Sen. Elizabeth Warren (D., Mass.) urged the new Biden administration to forgive student debt through executive action in a recent Washington Post op-ed. Sen. Chuck Schumer of New York, the Senate’s top Democrat, supported the move in an interview with author Anand Giridharadas published Nov. 3.

The pair were among 13 Democrats who introduced a resolution in September urging the next president to cancel up to $50,000 in student debt for each borrower through executive action. The full Senate didn’t act on the resolution...
https://www.wsj.com/articles/biden-...senate-11605358800?mod=hp_major_pos1#cxrecs_s

So are all the parents who sacrificed for their children, all the students who worked at jobs during the school years or delayed and saved so they would not have any student debt being made chumps by Biden and the Dems?

 

Did you object to garyd and his deflection to complaints about Obama, .... just to avoid hypocrisy maybe? I brought it BACK to Trump and his chumps.

 

Yes. Not only that, but the loans are a debt, would be listed as an asset at any bank. If a student loan is direct from government or guaranteed by government, then cancelling that debt means accepting a loss- and that means the revenue the government that we all pay the taxes for takes a loss- and overall, that loss is absorbed by all taxpayers. In other words, canceling a student debt is the same thing as free college education subsidized by the taxpayers, without the need to legally create it.

Why not cancel home mortgages and large debts like that?

BECAUSE- THERE IS NO FREE MONEY. EDUCATIONS COST, AND THE COLLEGES GOT PAID. THAT MONEY WAS BORROWED FROM THE CITIZENS OF THE UNITED STATES.
FORGIVING A STUDENT LOAN IS IDENTICAL TO GIVING AWAY THE MONEY- AND STIFFING THE PUBLIC WITH THE LOSS, WHILE THEY GET NO BENEFIT AT ALL.