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originally posted by: nugget1
a reply to: Coelacanth55
As a senior on limited income inflation has eaten away at the savings that should have seen us through our golden years. When that's gone we will no longe be able to afford the taxes on our home, let alone the ever-increasing cost for utilities.
It won't affect me at this point, but I sure do worry about my best half. He's worked really hard to get us where we were fouryears ago.
Over 63% of the new homeless population that's been added is senior citizens.
I've seen recessions in my life, but nothing like this. This feels like the cusp of a serious depression to me when I look around, and our leaders seem to be doing nothing but throwing more money at the various problems that any idiot can see isn't addressing the root cause; it's just enriching those at the upper levels heading these so-clled problem solving organizations.
You don't climb out of a recession by increasing taxes (Trump's tax cuts will expire this year), over taxing businesses so they move out of country, creating more money pit organizations, raising interest rates until they stop they flow of money, etc.
If we keep 'Building Back Better' the only ones' whose lives will improve are the 1% at the very top of the food chain. The rest of us will just have to eat (if we can find food), sllep and crap on the streets.
Oxfam Report: A net worth of $2.2 million is needed to be considered “wealthy”
The richest 1% of the world’s population, which includes the United States, captured nearly two-thirds of all new wealth worth $42 trillion created since 2020.