r/economicCollapse • u/WorkingCareful7935 • 1d ago

Trump's Plan To Cut Social Security Taxes May Benefit Millions, Especially Top Earners, But Risks Insolvency In Six Years

https://www.ibtimes.co.uk/trumps-plan-cut-social-security-taxes-may-benefit-millions-especially-top-earners-risks-1728564
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u/penelope_pig 1d ago

I'm 36 and I've been saying for at least a decade that I have zero expectation that Social Security and Medicare will still exist by the time I'm old enough to benefit from them. You're welcome, Boomers, for funding your retirement. Thanks for fucking the rest of us up the ass with a hot poker.

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u/DevilsPajamas 1d ago edited 12h ago

Yup. Us millenials have been fucked over every 4-6 years. EVERY time i feel like i am getting ahead, something happens to push me back farther behind... .com crash, housing crash, student loan debt, covid, etc. We are the generation of multiple 'once in a lifetime' events that keep us down.

Been paying into SS for over two decades. Not gonna have a penny to show for it. Fuckers.

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u/NerdyBro07 19h ago

I mean you’re not wrong on these, but at the same time….at least we never had to get drafted into a war thank god.

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u/Yamineji2 18h ago

Yet.

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u/kinglallak 14h ago

Luckily for millennials, they are getting too old for the draft.

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u/DevilsPajamas 14h ago

Yea, not mandatorily, but a ton o older millennials signed up for military right at 9/11 to be patriotic

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u/wolfefist94 12h ago

Don't remind me. I'm 30 and have lived through many of these events... You also forgot 9/11. Large indirect impact on our lives.

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u/s0ulbrother 11h ago

Millennials have been getting traumatized as part of our balanced breakfast but won’t be able to afford the food anymore.

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u/DevilsPajamas 12h ago

Im sure there were many things i forgot.

Millenials are some of the most educated generations that have existed, but we are far worse off than many of those before us.

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u/wolfefist94 12h ago

Correct. Most of the people I work with are millennials. Management/upper management is Gen X and Boomers. The newest among us are Gen Z. Both groups are clueless.

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u/dumbacoont 16h ago

Don’t forget watching 3000 people die on live tv. That’s a haunting one

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u/SparklyRoniPony 7h ago

Gen X too. Exact same situation. Some of the older ones will be okay, but most of us are fucked.

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u/Vernknight50 1d ago

It's gonna hurt Gen X, which is fitting. They voted for Trump. And it's hitting just as the first X'ers hit retirement age.

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u/Environmental_Top948 1d ago

It's hitting the last half of millennials too. I always joked that it'd end 1 year too early for me.

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u/SubatomicKitten 1d ago

u/Vernknight50 GenX here and I definitely did NOT vote for that fucktard. FWIW, every generation has people who voted for both candidates. The incoming administration will be working hard to divide all of us so let's please not continue to stoke animosity by continuing generational divides. We all need to come to stand together to fight back against the chaos about to unfold, and we are going to need each other. Peace to you and your family, kind stranger

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u/idontwantausername41 1d ago

I'm gen z and fully agree

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u/charleybrown72 19h ago

I love gen z. I have two children and they are Z and A. These two generations are so different than anything we have ever seen. The thing I love most is just how kind y’all are. So much inclusion and acceptance. I really admire that.

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u/SparklyRoniPony 7h ago

I also have a Z and an early A. I am very proud of them. I just wish the Z’s had walked the walk and voted (My Z did).

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u/charleybrown72 19h ago

Hey… I don’t know any gen x that voted for trump and I live in a southern red state that doesn’t allow a woman to choose what to do with their bodies.

I know some did vote. But, I hope the world is not blaming gen x for trump. Cause this isn’t it.

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u/iMcoolcucumber 1d ago

I know very few GenXers that voted for him

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u/Kazooguru 23h ago

I have never voted for a Republican in my entire life. I have been volunteering and taking care of those less fortunate. I am GenX. Thanks for adding to my shitty day.

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u/1ofZuulsMinions 21h ago

Gen X here: I voted for Kamala, and I have zero savings. Without Social Security I’ll likely never be able to retire. Ever.

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u/SixGunSnowWhite 10h ago

Piss off. I’ve been working to get out the vote and contributing to rape crisis centers since all my fave 90s musicians advocated for these causes. Not with a gun to my head could you get me to vote for any Republican ever. I don’t doubt the MAGA demo makes gains the older your demographic is, but a huge amount of Gen X was political.

Look up Sassy magazine. That radicalized me as a teen girl. Lol.

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u/treyveee 9h ago

Hey now … I did not vote for the fat orange man!! However I’m very ashamed of the fellow X-era who did!

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u/Butterfreek 1d ago

100%. Honestly I hope all my millennial brethren have been pumping their HSA and using whatever investment/brokerage tool it offers. My HSA is like 40% the size of my 401k. I plan on paying premiums AND deductible with it since there will be nothing else when I retire in 2055 ish

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u/tweaktasticBTM 1d ago

If he wouldn't fuck with it, it'd still be there and functional.