"3 generations wipes out inheritance."

The fact inheritors squander money has NO BEARING WHATSOEVER on the inherent advantages. It's insulting to even suggest as much.

'Illegal Immigration affects unskilled wages."

I never said it didn't. I simply said the tax code simply is a much bigger driver, and gave examples of how wealth transfers easier at the top of the scale.

"To claim otherwise is just an inability to see cause and effect."

What a riot: Your two charts actually disprove your claim, especially since one is a raw number, and one is adjusted. 1995-2005 is particularly deadly to your bullschitt.

"it just depends on what you want to read into the statement."

Other than cut Medicare? What are you reading?

"BUT real 'taxpayers', and not the 47% who pay NO income tax..."

Your claim is intellectually dishonest. Other government spending systems have been incorporated into what used to be just an income tax return, and now it covers income tax, child-raising subsidies (CTC, ACTC, CCTC), education subsidies (AOC, LLC), and welfare (EITC). The real reason the number "paying NO income tax" has risen is NOT due to more lazy people; it's due to these all these initiatives folded into the income tax return, which spiked the percentage each time.

Look at kid-subsidies. The Child Tax Credit started at $400/child, then $500, then it doubled, then doubled again. Now, it's $2000/child. Oh, and the income caps for claiming the credit? They skyrocketed over 160% in the new tax code. Even child care gets subsidized though the income tax code, and welfare is almost exclusively kid-based.

Look at education: Up to $2500 can be subtracted from your income tax balance per college kid, per year. (BTW, This merely pretends to help the taxpayer, since they'd be better off if costs were $2500 lower to start.) But this takes people off the "income tax" roles.

Look at welfare: Let's say, when you were a kid, the neighbors filed their tax return and had a liability of $1000, which is exactly what they had withheld on their W-2s. Because they had four kids and didn't make a lot of money, they got $1200 that year in welfare via the welfare bureaucracy. Did that family pay income tax?. Back then, they did. Now, it's counted as they don't, because two different systems---income tax and welfare---have been put on the same income tax form. BTW...to qualify for the EITC, you've got to have kids; otherwise you've got to be making four figures as a single person, just to get a few hundred bucks in EITC.

Ultimately, the equation's designers purposely want to shove every possible benefit into the 1040. They could send a check to every mommy & daddy separately, they could have Universities disburse the AOC, they could send out monthly welfare checks like they used to....but that would make their talking point less dramatic, wouldn't it?

"Debunking the President's economy is pretty damn difficult."

Unless you use math.

"I suppose if your are a wealthy person you're feeling a big pinch."

It's the extra bulge, a combination of the thicker wallet and the foie gras.

"And in this same article, Mulvany stated that after Trump wins reelection in November..."

Look out: JeffJ will be here any minute decrying ANY further expansion of the deficit until we get a handle on unfunded liabill---

Wait, what's that? Mulvaney is an (R)?!?

Never mind.

"People bitch about being selected for the "special" pat down at the airport by the TSA. I hope for them."

Not me. I passed on the "full body scan" at LAX once (thyroid), and the guy found places on me I didn't know existed. No thanks.

"Thanks Illegal Immigration!"

Nonsense. Thank the tax code that funnels money upward. GRATs, stepped-up basis, inheritance rules, carried interest, and favored rates on LTCGs are just the tip of the iceberg.

"all that is needed is for Vindman to be caught in a single lie... just one and then he can kiss his career and that fat pension good bye."

So...the Commander can lie all he wants with no consequences, but one lie from an enlisted man is doom?

This President has turned all his supporters into turds.

"Have you ever given your boss a hard time?"

Well, sometimes he touches me in inappropriate places.

Frankly, that's one of the perks of the job.

"I'm stupid because of an Internet goof that can say whatever that's unverifiable? "

"The VFW expects an apology from the president"

The VFW expects pigs to fly.

"Maybe they thought your posting here had a value as a trade"

Of course my boss believes that; I've been self-employed for nearly 35 years.

Any other stupidity to display?

"it appears you're an expert on getting bent over at work."

I'll defer to your expertise on getting bent over, especially after you admitting Wisconsin was doing that to you.

"I wouldn't know, Danforth. I worked for a reputable Company."

That doesn't change the law, or the liability, one iota. You should've stopped after your first three words.

"The worker finances all of it.

Legally, yes. Don't you know what happens when your boss doesn't pay "his share"...? The IRS comes after YOU for it.

Tell us all who's legally responsible, Einstein.

"Right now US businesses finance half of the SS fund."

Not really: the worker finances all of it, since if the employer doesn't pay, the worker is still ultimately the one responsible. Your "hourly" rate is actually your rate X 1.0765. If you're a household employee, rate X 1.0828384.

"Maybe a value added tax on all goods and services or national sales tax or some combination."

Now you've just screwed over every Roth IRA owner, who paid income tax up front, only to be hit with a replacement on the back end.

"What do any of those deflections have to do with the thread topic?"

You were silent on all three, yet the discovery you're all pissed about.

IOW, You had no right to discover my wrongs!!!. Not a peep about the fact it wasn't because they weren't trying.

"How about 2009-2011?"

Obama was cleaning up the Bush Bust & Bailout. Get your head out of your ass.

Did Dubya and Cheney reset the fiscal sights to deficits or not?

"...the same people who championed gay marriage remain some of the staunchest opponents to polygamy"

I'm certainly not against polygamy, but you're aware I hope, while gay marriage had the perfect blueprint of hetero marriage to adopt, polygamy would require an entire new canon of law.

Marriage, at its legal root, is a conferring of SUPERSEDING rights to one person, like first refusal rights to a pension, and protection from forced testimony. Polygamy would be a system of assigning PROPORTIONAL rights, like how much of the estate wife #1 gets for 30 years, vs wife #4 gets for 30 months, or who is eligible for what portion of SS when one (of say, six) dies; you'd have to write laws covering every permutation.

"...no income class is experiencing "stepping up enforcement actions"

That's only due to the lag time for audits; they're still working with the old code (2017). Starting with TY2018, there will be three areas left to audit: the rich, the poor, and the self-employed. The IRS has admitted it can't afford to audit the rich.

"History will record that the overarching theme of the Boomer's time as the primary drivers of our government as one of economic inequality"

That's if history is generalized. If it gets specific, it'll point to the moment Dubya and Cheney reset our fiscal sights from Surplusville to Debtsylvania. SS could've been shored up. Republicans chose income tax cuts instead, and a $2 Trillion war of choice.

"You mean boomers decided that they wouldn't fix the problem they themselves represented..."

Not boomers in general; Dubya and Cheney specifically when they had the chance, but that $2 Trillion went in income tax cuts instead. Also, the systemic "problem" is this money "earns" ~2%. We'd be much better off changing to a 401-type system...but that $2 Trillion cost to shift over was blown on the Iraq and Afghanistan wars.

"all while refusing to reduce what they'd get."

I'm all for means testing, if it also comes with an earnings test: It's not fair to be penalized for choosing a lesser lifestyle while saving for retirement.

"Oh, it's a big deal. "

As big a deal as Junior trying to collude with Russia, or Manafort giving Russia election data, or Trump & McConnell refusing to enforce election security?

"People are living longer and out-living what they paid into Social Security."

Yes, but only based on the SS system's lousy return rate. At 6% compounded, even at 5%, they'd be fine.

"Not enough young people to cover the huge Boomer population."

That's why the Trustees recently suggested a slow rise in the payroll tax rate. One point now for both worker and employer would do it; they've suggested a slow rise to 1.25pts on both sides.

"The first problem is because Boomers refused to pay their due in taxes for decades."

Since Reagan's code in '86, boomers have overpaid in the equation.

"The second is simply because the Boomers were a population anomaly where we had a large number of people born in the same period."

Meaning we've known this tsunami was heading toward us for six decades. The perfect time to address it would've been with the surpluses left by Clinton to Dubya. The latter chose income tax cuts instead.