It's not just greed, not trying to defend boomers just explaining this particular talking point. They're repeatedly presented with what's known as a false choice fallacy.
The clowns asking that question always present it as a false choice
"Would you rather your benefits become reduced
OR
Would you rather the younger generations taxes go up to fill the fund and your payments stay the same."
Notice how it's phrased, like it's A or B, with no other options.
The option they refuse to present is "How about we tax the fucking billionaires properly to fill in all the tax gaps."
One example: tax cash-out asset-backed loans as income. There's a reason the Epstein class gets most of their compensation in the form of stocks and other non-salary assets. It's tax evasion. They take a cash-out loan against the asset and pay no tax on that cash. Then either they pay off the loan with the appreciation or they just let the bank take the asset and it become effectively a sale without going through asset sale taxes.
And most of their taxable income comes from long-term capital gains, which are taxed at just 20%. Max income tax rate is 37% in comparison.
So someone making $150 BILLION per year on the stock market is paying the same tax rate as a salaried worker making $150 THOUSAND.
That's the same tax rate for a million times more money. Elon Musk makes more money in 5 minutes than the average worker makes in a lifetime. And we're afraid to tax him because of communism or something.
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u/MeltyCrab 13h ago
It's not just greed, not trying to defend boomers just explaining this particular talking point. They're repeatedly presented with what's known as a false choice fallacy.
The clowns asking that question always present it as a false choice
"Would you rather your benefits become reduced
OR
Would you rather the younger generations taxes go up to fill the fund and your payments stay the same."
Notice how it's phrased, like it's A or B, with no other options.
The option they refuse to present is "How about we tax the fucking billionaires properly to fill in all the tax gaps."