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As a retired person, the game is clear
Posted on: November 16, 2017 at 13:15:10 CT
Knucklehead MU
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Reduce income taxes, increase regressive taxes like sales taxes and property taxes, and when the deficits mount cut social security and medicare. That is a recipe for screwing retired people. We don't pay a lot of income taxes, but we still buy stuff.
They whole block granting of Medicaid is designed to shift costs to the states, where they will be paid for via regressive taxes, instead of income taxes. Plus 1/3 of Medicaid goes for nursing homes.
The baby boom is aging and we are about to get screwed.
Yes I own stocks, and will benefit from gains in the stock market, but the market is currently over valued so it is hard to put a lot of weight on that benefit. Plus, I can't shake the nagging worry that higher deficits will eventually be bad for the stock market.
Edited by Knucklehead at 13:19:09 on 11/16/17
They whole block granting of Medicaid is designed to shift costs to the states, where they will be paid for via regressive taxes, instead of income taxes. Plus 1/3 of Medicaid goes for nursing homes.
The baby boom is aging and we are about to get screwed.
Yes I own stocks, and will benefit from gains in the stock market, but the market is currently over valued so it is hard to put a lot of weight on that benefit. Plus, I can't shake the nagging worry that higher deficits will eventually be bad for the stock market.
Edited by Knucklehead at 13:19:09 on 11/16/17
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As a retired person, the game is clear - Knucklehead MU - 11/16 13:15:10