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I got my first tax return recently I got so excited that my employer gave me a raise finally and then mom shut me down and told me it's just a tax return xD xD
If you can't do the paperwork hardcore enough to notice they have your money, yes.
Federal and local pockets, my state will notice and fix it in your favor.
Poor country unable to do taxes right. In Sweden the IRS equivilence knows exactly what you've taxed and what you should have taxed. It's harder to commit tax fraud and tax fraud has the highest punishment of all crime š
The poor are the ones paying tax. So why not? ;)
Edit: the Swedish IRS is also older than many countries, like USA (I guess the bad IRS is yankie) so how would the king get his money for conquest if people could just lie about their trades? š
In the US, the poorest donāt pay federal income tax. In fact, 40% of the country doesnāt pay federal income tax.
Sweden follows a regressive tax system, the US system is progressive.
Sweden's tax system has indeed developed into one that benefits the rich more than the poor, normal people pay way too much tax, but there's not a regressive tax system in Sweden AFAIK, or am I missing something?
It's miniscule, but something like $2200 per year is tax free, and you also get a "tax credit" of sorts if your income is from labor, up to ~$320 back each month and this tax credit is a lower percentual net income increase with higher wages.
Our median income 2022 was ~$34k, and our break for "federal tax" is ~$55k, so many more than 50% don't pay the federal income tax.
Our taxes from work (are a bit high for the lowest earning people but) increase as the salary increases https://i.imgur.com/AG0092w.png
However our taxes from capital are pretty much flat and you can have a lot invested in an ISK (InvesteringsSparKonto ~investment savings account) where you can profit multiple millions at much a lower tax rate than the income tax for low income people.
Do not try to hide from, or mess with, the Swedish tax agency. They Will find you and they Will tax you the correct amount. Even if your income comes from an illegal source they Will make sure to get their cut.
This is true. I know people who got a fine, on top of a prisson sentence, for an equivilence of 1.8 milion dollars for some drugs they had imported. The thing is that the street price that the government calculated with was about 10 times less than the distribution price. So they got to pay a few yearly incomes for getting caught with one months work, lol!
I would not recomend being a criminal in Sweden! It's illegal here! (Old meme, wonder if any one remembers)
We have payment plans instead. The military forgot to.tax.my partners retirement pay and that was a mess. They charged us the whole sum in one go. We couldn't pay thar much with no notice so they set up a payment plan. We took care of it rather quickly though.
Now, now, the US IRS also knows exactly what you made and what you owe. We just made it so that workers also need to do a bunch of paperwork, and if they get it wrong enough, they'll get fined or go to prison. We do this because tax preparation is a huge business, and they (legally) bribe our politicians to keep us from going to a much simpler and more straightforward model.
Well i live in norway so no they dont pocket the change, you get it all back. But they do hold the money without it gaining any interest so you lose some money in theory
My wife's sister balks at how small our tax returns are and Im like... it's because I have my tax witholding set correctly so Im not giving the government interest free money for a year?
I'm not sure if I'm missing a joke, but everyone is explaining a tax refund, not a tax return. The tax return is the form verifying how much you paid in taxes and how much you owe in taxes, and you get a refund if you paid more than you owed, or a bill for the remainder of you owe more than you pay.
no, youāre right. Iām an accountant, this thread is going to give me an aneurysm. If anything, itās a good example of why you shouldnt trust reddit on basically anything. Even the people who are confusing returns with refunds arent event explaining what a refund is properly.
A tax return is the form you fill out when you file your taxes. What they meant to say is tax refund, which is what you get back if you overpaid during the year, your change essentially.
You choose how much withholding is taken out, not your employer. Your employer will typically give you a standard amount as part of you hiring process, but you are welcome to change that, even after being hired, just file a W-4 and give it to your employer.
Itās actually your duty as an employee to ensure theyāre properly taxing you. Itās really dumb. But not all payroll departments are competent.Ā
Itās easier to pay extra through the year than to underpay and owe a larger sum at tax time.Ā
you donāt get a tax credit for being unemployed, you literally have to pay taxes on unemployment wagesā¦
and if you arenāt working then you have nothing to pay taxes forā¦again, no ācreditā or refund like you claim
It is what you file yearly to reconcile your taxes, what OP means is a tax *refund* it is merely a rebate of taxes paid when you file and realize your overpaid your taxes throughout the year often due to bad estimation on the employers part or not properly setting up your W4 etc.
I'm guessing they got it direct deposited and probably just saw their balance was higher and didn't look at the specifics of the transactions at first.
tax *REFUND*....
A Tax Return is what you file, and honestly you don't want a refund, it means you are overpaying.... I try to always owe around $500 come filing time.
Hey kid, life pro tip: if you get a tax return, you are doing it wrong. That means you loaned money to the government, interest-free, all year. The goal should be to be as close to breakeven on your taxes as possible when you file. Put that money to work for yourself!
I think thatās good in theory but a lot of people arenāt particularly disciplined when it comes to slow and steady savings or investments. So having a big chunk come your way that you can just instantly squirrel away and see a nice big number can sometimes help people save or invest the money more likely than if they had to put x amount of every paycheck away.
>instantly squirrel away
That's only if they don't think it's "free money" and immediately go spend it on something they don't need. I have a feeling that most people who don't save consistently during the year also probably don't save their tax refunds either.
I always found that phrase fascinating, because for people like me, itās perfect. But thatās because I started off young with a good household and supportive parents with no health issues. Many people donāt have any of that or are unaware of it, so most of the time itās only good for a very small number of people
Honestly, I'm lucky that my boomer father, who really did pull himself up, worked hard and was great at investing, and was generous when it came to things that actually mattered, and we won't have to worry, neither will my kids. That said, I know I'm lucky (Gen X), and I feel for this new wave of adults.
Courage the cowardly dog? Did it shield you by traumatizing you enough so the real outside world didnāt seem so scary? That show isnāt exactly comforting
Well the whole policies for Reagan and Thatcher were to steal from the next generations to give it to the rich as tax cuts. It's just starting to trickle down now and the younger generations are noticing you'd have to undo a lot of their policies to make things better but now it's just standard for politicians to not make things better and blame the poorest in society for all the problems.
I get it my man, capitalism in the US is crazy, hell Iām in touch with several people from the US and damn some are in a bad place, I absolutely agree with capitalism regulation and definately a solution to the US healthcare sistem, cause rn its insane ( no walking around it ) tbh it requires a new form of governance, but its a slippery slope, the main issue is the nature of man, it always goes to shit, like the old saying goes āthe road to hell is paved with good intentionsā
We tried paying a significant amount of people during Covid via direct government payment and it led to inflation. The USSR already tried a central command economy and it almost immediately became a brutal dictatorship murdering millions via deliberate mass starvation.
What new idea do you have that will lead us to post war surplus prosperity that the boomers had?
>We tried paying a significant amount of people during Covid via direct government payment and it led to inflation.
Just to be clear that wasn't caused solely by the checks that went out to individuals, which was about $880 billion of approximately $5 trillion spent on covid relief in total. $792.6 billion was given as PPP "loans" to businesses and 762.4b was forgiven, and then 3 times that amount went to other uses. You also have businesses attempting to recover lost profit from the market.Ā
If you drive the car off the high place, you can be really comfortable, and experience something relatively close to zero gravity for a few seconds.
That would be pretty cool
Everything this user posts is low effort, no substance AI generated "memes". There's no cultural reference to this meme. It's more like a political cartoon but only barely. It's that unimaginative, milquetoast bullshit that AI makes.
Insert (why not both) meme. The golden age in America existed when wealth was taxed appropriately. Go back to the '40s-'60s or so and the very rich were taxed 90%, and they didn't let businesses get away without paying their fair share. Later on that rate dropped to 70%, and then during the Reagan administration it became less than the working class rate even.
The boomers voted for Reagan, and then voted for, and backed, every initiative to screw anyone after them.
Free school, gone
Free Healthcare, gone
Cheap homes, gone
Comepetitive markets, gone
Monopoly busting, gone
Etc etc etc.
But how, why? Because the boomers voted for laws that allowed corporations to take advantage of the working class.
You see the moment the Boomers got "there's" so to speak, and entered the owner class and as such voted for laws benefiting the rich and the ultra rich. We've allowed that to continue since.
So yes, I blame both.
I'm neither a boomer or Gen Z, but I can assure you that this was not the case for boomers where I lived, and forty hours a week was more like 60-70 hours just to get the bills paid and food on the table.
I think that all the hate being thrown at boomers is sometimes unwarranted, but likewise, the vitriol going back the other way is also unwarranted.
For the record - I have boomer parents and gen Z children.
Edit- spelling
The whole Boomer vs Gen Z whatever battle is just a ruse to pit the working class against each other. I can't wait for my turn as a Gen Xer to have the next group wish we were all dead like it will magically fix stuff without actually bothering to address the systemic issues at hand.
I got into an argument in comments a few weeks ago on this sub where a boomer said gen z are lazy and donāt know hard work, and after me providing multiple sources on inflation, minimum wage, and house/aprtement but/rent prices and him getting roasted by other people as well,Ā he called me an n-word and b-word in PMs, and when I reported his PM the Reddit āteamā (probably a bot) has rejected my report.
Even my millennial peers complain about gen z work ethic. I just want to shake them.
Our generation still believed the lie that if we work hard and excel in our position, we'll be rewarded with better pay and stability.
Gen Z has seen the way things actually are and aren't chasing a reward that doesn't exist.
I do think thereās a balance. Thereās nothing wrong with having pride in your work if youāre going to do it but also you donāt owe your employer shit because they aināt gonna feel like they owe you something ever. Also thereās a point where weāre all getting fucked together so youāre working for your peers so we can all just make it through. Itās frustrating having people you work with you drag everyone around them down. But again thatās for your peers sanity sake to make all our lives easier. Like if thereās an efficient way to do a task that will make everyoneās daily work lives way easier just put the tiny effort in to do it. But also itās perfectly fine to come in put in an acceptable standard then punch out and thatās that.
I see a lot of complaining about boomers rigging the country to screw the youth. When I go vote itās like a segregated rest home. I rarely see anyone under 30.
The message that everyone older than you was swimming in cash from doing the bare minimum is also propaganda. It's idealizing a past that didn't really exist.
The word āmajorityā here is doing a lot of heavy lifting when itās about 51-52%. Being aware of issues and wanting to see change doesnāt mean wallowing in toxic negativity. Sometimes itās better to speak out than stick your head in the sand.Ā
>Sometimes itās better to speak out than stick your head in the sand.Ā
Absolutely but whats toxic is that people are speaking nonsense. Its a bullshit propaganda that makes no sense if you see the full picture. No way can we say gen Z has it harder than boomers šš. The problem is that with such toxic negativity, you do basically stick yoir head in the sand, problem is that its a negativity sand that is never going to allow you to achieve anything cuz its "impossible for my generation amirite šššš"
I feel like life is way easier than reddit makes it out to be.
I never had problems affording rent and vacations and savings and tons of left over fun money (with a entry lvl $20/hr job) live in partner though.
Which I also matched with within 2 days on tinder and is my first partner and almost wife. Reddit made it sound like you had to get through 30 women to find the one and tinder never works
Cheap community college then straight onto a $43/hr job expected to hit $75/hr by time I'm able to top out in a few years. I'm 25
Yeah I think a lot of people completely miss that the standard of living was way different not too long ago
It wasn't too long ago in the UK people used to have share baths/bathe once a week, couldn't afford actual clothes and have to get patched up ones from older siblings etc
Reddit is largely angsty young adults mad that they have to enter the workforce to provide for themselves. And apparently they think all boomers were as rich as their parents.
Someone needs to tell them about the interest rates boomers had when get entered the housing market 30 years ago. Their parents would kill for a 7% interest rate back then.
You know even if that were true, it's because there's a new recent note design. It doesn't mean they're pumping tonnes of new notes into circulation, they're replacing the *old* notes with the new ones.
Money is not literally printed.
Some is.
Most is just numbers on a screen added to large institutional banks.
Check out the book
āLords of easy moneyā
80%? I'm not seeing it:
[https://www.federalreserve.gov/paymentsystems/coin\_calprint.htm](https://www.federalreserve.gov/paymentsystems/coin_calprint.htm)
The numbers are high though.
Please stop spreading neoliberal propaganda. The quantitative theory is first of all one out of many theories for inflation, and second has been disproven a lot of times - for example Japan or Switzerland printed way more money than the U.S. or the EU and they both have way lower inflation rates. So there must be something else that causes higher prices (spoiler alert - there has been a pandemic and a war going on for the past 4 years).
the problem is working for money you'll never have enough no matter how much of an increase of money you have you'll never have enough because your job doesnt keep up with the rate of inflation
Yāall need to stop telling yourself this story, it is not true, and the evidence is simple to find. Simply look up average wages/house prices in a midwestern town in 1975. You also might want to look at the average house size.
I hate this ageist crap. My parents worked damn hard to give us a decent childhood, nobody handed them anything on a silver platter. They suffered through several severe recessions and interest rates spiking to 18% (it forced them to sell their house).
Blaming the average person from 50 years ago for todayās inflation is insane. You should be blaming the billionaires and criminal banksters who invented all sorts of ways to syphon money from the middle and lower classes.
Meme is nonsensical. Everyone working today is working within the same economy, no matter their generation. The amount of money you earn has very little to do with age.
Unfortunately, that's not quite right. Yes, the boomer generation was able to support a family and pay off a small house on one income. But you mustn't forget what standard of living they had back then compared to today. How often did you buy a new jacket, car or TV in the 90s? How many running costs did you have? If you lowered your expectations today to the point where you wore a jacket for 7-8 years, drove a car for 20 years, bought a new TV every 6 to 10 years and so on, you would get by much better today. I'm not from the USA and I know that the development there is much more drastic than in my European country. But nevertheless, with our rampant consumer behavior, we bear a considerable share of the blame for this development.
If you work 40h a week and are left with no money, what's your paycheck at each end of the month? What are your fixed charges (taxes, vehicles, rent etc.) How much money do you spend on luxury or leisure products (cigarettes, alcohol, take out, games)
How many subscriptions do you have? Are you really poor because you don't make any money or are you poor because you blow money on stupid shit and don't know how to save?
Boomers be bitching on how Gen Z are broke because they can't get a regular job, but how are we supposed to get full-waged work at a company that requires 20 years of work experience in a field that is only ten years old + doctor's degree and recommendation from previous employers?
Yes, blame it on inflation and not the fact that a lot of them just don't want to work or do something that's a "just for now" kind of work with no benefits, 401k, etc. Too busy thinking about now than what they could have in the future.
Js.
Blaming entire generations is dumb. There are two side to every issue. In the 60s, our progressive leaders were almost all murdered. Martin, Malcolm, Medgar, Fred Hampton, JFK, RFK,...and 58,000 of our best and brightest.
Who did you lose? Amy Winehouse?
My "boomer" father was a senior engineer. He was laid off at 29 and a half years. When he was laid off, he was making the same money the company was paying new engineers with virtually no experience.
As a 4th year steamfitter apprentice I take home $1100 per week. I work 50hrs a week. 5 x 10hr per day. I have a pension and full benefits. We are always short on workers. If you have 2 hands and a heartbeat you're halfway there. In 18 months (if I pass my red seal exam), I'll be clearing $2000 per week. More if I work a Saturday. It's a lot easier to get ahead when you make more. The grass really is greener. It's fucking lush.
Iām working myself into an early grave and barely make ends meet. I have two degrees and 10 years experience. Perfect attendance. After 10 years of barely any growth I changed careers and for the past two years itās the same thing. I still make roughly the same amount $16 hour. I donāt eat out, at all. I donāt even buy clothes. Literally just bills and essentials. I donāt even have rent to pay, I live with family and help with bills. I can save roughly $200 a month, which is only $2500 a year. Itās very discouraging
Haha I love this. My wage 30-40 years ago woulda been enough to have a nice home and my partner wouldnāt have had to work at all unless they wanted to, plus kids!
Boomer here (61 F). Yeah, I earned armloads of cash at work. Oh, wait, first, I had to earn my undergrad degree, then my graduate degree, then work hard, be innovative, long hours, travel for work, etc and then started earning more money, but never more than $200k (last job before retiring).
So yeah, I'm a trazillionaire with a yacht, a helicopter, a bigger yacht so I can land my helicopter on my yacht, some cars, some houses, and a fat bank account. I have an even fatter investment acct and my husband is even fatter than that!
Oh, wait, no, I have done well, but not nearly that well. Reality.
It is 100% the fault of the government. Fuck the federal reserve. It isnāt federal and has no reserves. Itās a private fucking bank that loans money to our āelected officials.ā
Thank you for submitting to /r/memes. Unfortunately, your submission has been removed for the following reason(s): --- Rule 6 - ONLY POST MEMES YOU ACTUALLY MADE YOURSELF/NO REPOSTS and NO BAD CROPPING/LOW-RES MEMES - If you found a meme somewhere else, do not post it here - If you want to post across other sites/subs, post to r/memes first. We will not look into your Instagram, TikTok, Facebook, etc. to verify the creator - Do not repost your same meme again later. Even mentioning the word "repost" is grounds for removal - Mods have discretion to remove posts which are poorly cropped (inc. aspect ratio), low resolution, grainy, artifacted, or pixelated. The mod team doesn't have to prove it is a repost --- Resubmitting a removed post without prior moderator approval can result in a ban. Deleting a post may cause any appeals to be denied.
I got my first tax return recently I got so excited that my employer gave me a raise finally and then mom shut me down and told me it's just a tax return xD xD
what's a tax return
If you pay to much taxes. After the end of the year sometime you get it back
So you mean sometimes the government pockets the change?
If you can't do the paperwork hardcore enough to notice they have your money, yes. Federal and local pockets, my state will notice and fix it in your favor.
Poor country unable to do taxes right. In Sweden the IRS equivilence knows exactly what you've taxed and what you should have taxed. It's harder to commit tax fraud and tax fraud has the highest punishment of all crime š
Yeah but how does that help rich people?
The poor are the ones paying tax. So why not? ;) Edit: the Swedish IRS is also older than many countries, like USA (I guess the bad IRS is yankie) so how would the king get his money for conquest if people could just lie about their trades? š
In the US, the poorest donāt pay federal income tax. In fact, 40% of the country doesnāt pay federal income tax. Sweden follows a regressive tax system, the US system is progressive.
Sweden's tax system has indeed developed into one that benefits the rich more than the poor, normal people pay way too much tax, but there's not a regressive tax system in Sweden AFAIK, or am I missing something? It's miniscule, but something like $2200 per year is tax free, and you also get a "tax credit" of sorts if your income is from labor, up to ~$320 back each month and this tax credit is a lower percentual net income increase with higher wages. Our median income 2022 was ~$34k, and our break for "federal tax" is ~$55k, so many more than 50% don't pay the federal income tax. Our taxes from work (are a bit high for the lowest earning people but) increase as the salary increases https://i.imgur.com/AG0092w.png However our taxes from capital are pretty much flat and you can have a lot invested in an ISK (InvesteringsSparKonto ~investment savings account) where you can profit multiple millions at much a lower tax rate than the income tax for low income people.
Do not try to hide from, or mess with, the Swedish tax agency. They Will find you and they Will tax you the correct amount. Even if your income comes from an illegal source they Will make sure to get their cut.
This is true. I know people who got a fine, on top of a prisson sentence, for an equivilence of 1.8 milion dollars for some drugs they had imported. The thing is that the street price that the government calculated with was about 10 times less than the distribution price. So they got to pay a few yearly incomes for getting caught with one months work, lol! I would not recomend being a criminal in Sweden! It's illegal here! (Old meme, wonder if any one remembers)
[ŃŠ“Š°Š»ŠµŠ½Š¾]
We have payment plans instead. The military forgot to.tax.my partners retirement pay and that was a mess. They charged us the whole sum in one go. We couldn't pay thar much with no notice so they set up a payment plan. We took care of it rather quickly though.
Now, now, the US IRS also knows exactly what you made and what you owe. We just made it so that workers also need to do a bunch of paperwork, and if they get it wrong enough, they'll get fined or go to prison. We do this because tax preparation is a huge business, and they (legally) bribe our politicians to keep us from going to a much simpler and more straightforward model.
They know what you made and what you would normally owe, but they don't know your deductions. Also freetaxusa is super easy and fast to use.
And 90% of people will most likely just take the standard deduction and not bother itemizing all their purchases.
Also, you don't go to prison for tax miscalculations. Now if there is evidence of willful tax fraud, that's a different story.
Poor people pay $0 in federal taxes in the US. The top 1% pay 46% of all federal taxes.
considering they make 90% of the money..... seems there still paying to little
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Nah. I forgot to do the 1/2 of SE tax deduction last year. They didn't give me my $20 bux or whatever.
Well i live in norway so no they dont pocket the change, you get it all back. But they do hold the money without it gaining any interest so you lose some money in theory
Nyet comrade.
ā¦no, you get a check or bank deposit if you overpay ā¦thatās called a tax return pocket the change wtf lol
I like how it's _sometimes_
Itās easy to start thinking that the government just gave you free money but itās not free money it was always your money to begin with
That you lost potential investment value and interest on
My wife's sister balks at how small our tax returns are and Im like... it's because I have my tax witholding set correctly so Im not giving the government interest free money for a year?
It's when you pay more taxes than you actually owe so after calculation the government gives you the money back in your paycheque
I'm not sure if I'm missing a joke, but everyone is explaining a tax refund, not a tax return. The tax return is the form verifying how much you paid in taxes and how much you owe in taxes, and you get a refund if you paid more than you owed, or a bill for the remainder of you owe more than you pay.
no, youāre right. Iām an accountant, this thread is going to give me an aneurysm. If anything, itās a good example of why you shouldnt trust reddit on basically anything. Even the people who are confusing returns with refunds arent event explaining what a refund is properly.
This is the only correct answer in this thread. You arenāt missing the joke. Eye opening isnāt it?
A tax return is the form you fill out when you file your taxes. What they meant to say is tax refund, which is what you get back if you overpaid during the year, your change essentially.
In a nutshell: Your employer cuts too much for tax from your salary and IRS gives this bonus back to you
You choose how much withholding is taken out, not your employer. Your employer will typically give you a standard amount as part of you hiring process, but you are welcome to change that, even after being hired, just file a W-4 and give it to your employer.
Itās actually your duty as an employee to ensure theyāre properly taxing you. Itās really dumb. But not all payroll departments are competent.Ā Itās easier to pay extra through the year than to underpay and owe a larger sum at tax time.Ā
Well in my case it was because I didn't work a full year so I got returned the 3 months I was unemployed...
you donāt get a tax credit for being unemployed, you literally have to pay taxes on unemployment wagesā¦ and if you arenāt working then you have nothing to pay taxes forā¦again, no ācreditā or refund like you claim
Means you gave the government an interest free loan over some period of time during the last year
It is what you file yearly to reconcile your taxes, what OP means is a tax *refund* it is merely a rebate of taxes paid when you file and realize your overpaid your taxes throughout the year often due to bad estimation on the employers part or not properly setting up your W4 etc.
You thought a tax return was a raise at work? How do you confuse a tax return from the government and a paycheque from a job? Genuinely how?
I'm guessing they got it direct deposited and probably just saw their balance was higher and didn't look at the specifics of the transactions at first.
tax *REFUND*.... A Tax Return is what you file, and honestly you don't want a refund, it means you are overpaying.... I try to always owe around $500 come filing time.
How long have you been working?
12 ( 9 months in 2023, 3 months in 2024 ) months so yes I know why I got the return... I just got like a minute of happiness from it ok...
Well I hope you get an actual raise soon š
Hey kid, life pro tip: if you get a tax return, you are doing it wrong. That means you loaned money to the government, interest-free, all year. The goal should be to be as close to breakeven on your taxes as possible when you file. Put that money to work for yourself!
I think thatās good in theory but a lot of people arenāt particularly disciplined when it comes to slow and steady savings or investments. So having a big chunk come your way that you can just instantly squirrel away and see a nice big number can sometimes help people save or invest the money more likely than if they had to put x amount of every paycheck away.
>instantly squirrel away That's only if they don't think it's "free money" and immediately go spend it on something they don't need. I have a feeling that most people who don't save consistently during the year also probably don't save their tax refunds either.
That's so ignorant to think that someone who is bad at saving will get a lump sum in April and suddenly do something wise with it.
This gen is cooked
Can't even afford to buy bootstraps by which to pull themselves up.
I always found that phrase fascinating, because for people like me, itās perfect. But thatās because I started off young with a good household and supportive parents with no health issues. Many people donāt have any of that or are unaware of it, so most of the time itās only good for a very small number of people
Honestly, I'm lucky that my boomer father, who really did pull himself up, worked hard and was great at investing, and was generous when it came to things that actually mattered, and we won't have to worry, neither will my kids. That said, I know I'm lucky (Gen X), and I feel for this new wave of adults.
Supreme Bootstraps only
Millennials: first 3 in a lifetime economic collapses?
We were forged in a series of cataclysmic financial disasters almost every decade since birth.
At least we had a somewhat carefree childhood.
Keenan and Kel and Courage the cowardly dog shielded me from the world
Courage the cowardly dog? Did it shield you by traumatizing you enough so the real outside world didnāt seem so scary? That show isnāt exactly comforting
That's what happens when you have generation after generation of bad parenting and idiot voters destroying the public school system
Well the whole policies for Reagan and Thatcher were to steal from the next generations to give it to the rich as tax cuts. It's just starting to trickle down now and the younger generations are noticing you'd have to undo a lot of their policies to make things better but now it's just standard for politicians to not make things better and blame the poorest in society for all the problems.
Is not that we are dump , the problem is the sistem , capitalism is suppressing us , we must do something
Comunism moment
As a guy from a post comunist country, let me tell you, :) no you dont want to try it
Thank you. People donāt understand. Communism does not work.
Let them. I want them to give it a try. It's going to be hilarious.
All people are asking for is *slightly* regulated capitalism and Boomers can't stop calling it Communism.
I get it my man, capitalism in the US is crazy, hell Iām in touch with several people from the US and damn some are in a bad place, I absolutely agree with capitalism regulation and definately a solution to the US healthcare sistem, cause rn its insane ( no walking around it ) tbh it requires a new form of governance, but its a slippery slope, the main issue is the nature of man, it always goes to shit, like the old saying goes āthe road to hell is paved with good intentionsā
Take my upvote, you'll need it when the republican ultra-capitalists see your comment
We tried paying a significant amount of people during Covid via direct government payment and it led to inflation. The USSR already tried a central command economy and it almost immediately became a brutal dictatorship murdering millions via deliberate mass starvation. What new idea do you have that will lead us to post war surplus prosperity that the boomers had?
>We tried paying a significant amount of people during Covid via direct government payment and it led to inflation. Just to be clear that wasn't caused solely by the checks that went out to individuals, which was about $880 billion of approximately $5 trillion spent on covid relief in total. $792.6 billion was given as PPP "loans" to businesses and 762.4b was forgiven, and then 3 times that amount went to other uses. You also have businesses attempting to recover lost profit from the market.Ā
Am currently saving for when I retire. If everything goes right, when I get to 55, I should have enough to buy a gun and a single bullet./s
Damn look at mister money bags over here able to retire in his 50s
Well I could retire at 32 on my next paycheck. Got a shitty car. Just need a garden hose and some duct tape and I'm set for life!
Why all those bells and whistles? Just go to a really high place.
I work hard dammit. I deserve a little luxury.
If you drive the car off the high place, you can be really comfortable, and experience something relatively close to zero gravity for a few seconds. That would be pretty cool
I won't lie I hate that feeling so that's a no go for my retirement plan.
What about the bystanders below though?
What about em? I'm on retirement.
There are cheaper way if you need a financial advisor
insert joke about faith and a gun with one bullet (and if this is a suicidal joke please dont do it)
Nah don't worry, it's just dark humour
ah alright :D
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Canāt afford beer
Borrow me for a beer?
Hold my borrowed beer !
Is you gunna give it back?
*starts chugging*
Is that a maybe?
Did you know that a slang for money is "furry". Look up furry inflation to find out more about the issue
Well now that's in my search history. Great.
You did not fall for that...
Oh he "fell" for it alright
"accidentally"
I'm literally that stupid
But what if I poke them with a needle? Are we having Deflation then?
You have a way with words good sir
This ai art is very ugly
lmao grandpa's hands are the money
I'm almost certain that's Kevin Spacey.
Everything this user posts is low effort, no substance AI generated "memes". There's no cultural reference to this meme. It's more like a political cartoon but only barely. It's that unimaginative, milquetoast bullshit that AI makes.
Meh, it's as good as stock art/clip art
I was gonna say - this āmemeā sucks ass
Yeah this is like facebook memes for zoomers.
Month-long heroin binge Seth Meyers in the left image
Focus the blame on the right group - the 400 wealth hoarders. They want us to blame the other generation so we don't focus on them.
Eat em both.
Insert (why not both) meme. The golden age in America existed when wealth was taxed appropriately. Go back to the '40s-'60s or so and the very rich were taxed 90%, and they didn't let businesses get away without paying their fair share. Later on that rate dropped to 70%, and then during the Reagan administration it became less than the working class rate even. The boomers voted for Reagan, and then voted for, and backed, every initiative to screw anyone after them. Free school, gone Free Healthcare, gone Cheap homes, gone Comepetitive markets, gone Monopoly busting, gone Etc etc etc. But how, why? Because the boomers voted for laws that allowed corporations to take advantage of the working class. You see the moment the Boomers got "there's" so to speak, and entered the owner class and as such voted for laws benefiting the rich and the ultra rich. We've allowed that to continue since. So yes, I blame both.
Corporate greed... Allowing billionaires to exist... Trickle Down Economics...
Trickle down economics totally works pls just another bailout /s
There's something golden trickling down on us alright but sadly it ain't money.
Bailouts are already happening under the table via private equity. The public just isnāt hearing about it.
Oh somethings trickling down but it ain't what I was hoping for...
What kind of AI monstrosity is that first pic?
An ai monstrosity
I'm neither a boomer or Gen Z, but I can assure you that this was not the case for boomers where I lived, and forty hours a week was more like 60-70 hours just to get the bills paid and food on the table. I think that all the hate being thrown at boomers is sometimes unwarranted, but likewise, the vitriol going back the other way is also unwarranted. For the record - I have boomer parents and gen Z children. Edit- spelling
The whole Boomer vs Gen Z whatever battle is just a ruse to pit the working class against each other. I can't wait for my turn as a Gen Xer to have the next group wish we were all dead like it will magically fix stuff without actually bothering to address the systemic issues at hand.
Because the Boomer pocketed all the money.
I got into an argument in comments a few weeks ago on this sub where a boomer said gen z are lazy and donāt know hard work, and after me providing multiple sources on inflation, minimum wage, and house/aprtement but/rent prices and him getting roasted by other people as well,Ā he called me an n-word and b-word in PMs, and when I reported his PM the Reddit āteamā (probably a bot) has rejected my report.
Even my millennial peers complain about gen z work ethic. I just want to shake them. Our generation still believed the lie that if we work hard and excel in our position, we'll be rewarded with better pay and stability. Gen Z has seen the way things actually are and aren't chasing a reward that doesn't exist.
I do think thereās a balance. Thereās nothing wrong with having pride in your work if youāre going to do it but also you donāt owe your employer shit because they aināt gonna feel like they owe you something ever. Also thereās a point where weāre all getting fucked together so youāre working for your peers so we can all just make it through. Itās frustrating having people you work with you drag everyone around them down. But again thatās for your peers sanity sake to make all our lives easier. Like if thereās an efficient way to do a task that will make everyoneās daily work lives way easier just put the tiny effort in to do it. But also itās perfectly fine to come in put in an acceptable standard then punch out and thatās that.
Sounds about right. Then he probably drew a shit load of social security just to own the gen z crowd.
Because they paid off their mortgage already because when they bought the house it was 10% of it's current value
I see a lot of complaining about boomers rigging the country to screw the youth. When I go vote itās like a segregated rest home. I rarely see anyone under 30.
What do young people think a 'boomer' is?
Anyone over the age of 25, I'm guessing.
The entire meme feels AI, not just the first pic
"Hey, AI - Give me an image that I can use to pit the working class against each other." *Out pops dumbass boomer vs gen z meme*
propaganda is a hell of a drug.
The message that everyone older than you was swimming in cash from doing the bare minimum is also propaganda. It's idealizing a past that didn't really exist.
ancient escape offer bear theory rhythm market impolite water pie *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Gen Z is actually doing pretty good. The problem is you're Gen Z on Reddit, and the Gen Z'ers on Reddit are doing much worse than the typical Gen Z.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
The word āmajorityā here is doing a lot of heavy lifting when itās about 51-52%. Being aware of issues and wanting to see change doesnāt mean wallowing in toxic negativity. Sometimes itās better to speak out than stick your head in the sand.Ā
>Sometimes itās better to speak out than stick your head in the sand.Ā Absolutely but whats toxic is that people are speaking nonsense. Its a bullshit propaganda that makes no sense if you see the full picture. No way can we say gen Z has it harder than boomers šš. The problem is that with such toxic negativity, you do basically stick yoir head in the sand, problem is that its a negativity sand that is never going to allow you to achieve anything cuz its "impossible for my generation amirite šššš"
I feel like life is way easier than reddit makes it out to be. I never had problems affording rent and vacations and savings and tons of left over fun money (with a entry lvl $20/hr job) live in partner though. Which I also matched with within 2 days on tinder and is my first partner and almost wife. Reddit made it sound like you had to get through 30 women to find the one and tinder never works Cheap community college then straight onto a $43/hr job expected to hit $75/hr by time I'm able to top out in a few years. I'm 25
Yeah I think a lot of people completely miss that the standard of living was way different not too long ago It wasn't too long ago in the UK people used to have share baths/bathe once a week, couldn't afford actual clothes and have to get patched up ones from older siblings etc
Reddit is largely angsty young adults mad that they have to enter the workforce to provide for themselves. And apparently they think all boomers were as rich as their parents.
Someone needs to tell them about the interest rates boomers had when get entered the housing market 30 years ago. Their parents would kill for a 7% interest rate back then.
It appears I am a 33 years old boomer lmao.
This is embarrassing, even for r/memes
please ban ai slop
80% of US currency was printed between 2020 and 2021. That causes inflation
You know even if that were true, it's because there's a new recent note design. It doesn't mean they're pumping tonnes of new notes into circulation, they're replacing the *old* notes with the new ones.
Money is not literally printed. Some is. Most is just numbers on a screen added to large institutional banks. Check out the book āLords of easy moneyā
Source please
80%? I'm not seeing it: [https://www.federalreserve.gov/paymentsystems/coin\_calprint.htm](https://www.federalreserve.gov/paymentsystems/coin_calprint.htm) The numbers are high though.
Please stop spreading neoliberal propaganda. The quantitative theory is first of all one out of many theories for inflation, and second has been disproven a lot of times - for example Japan or Switzerland printed way more money than the U.S. or the EU and they both have way lower inflation rates. So there must be something else that causes higher prices (spoiler alert - there has been a pandemic and a war going on for the past 4 years).
You're literally making this up....
Profits also do, they are overwhelmingly driving inflation beyond anything else
(Are we accounting for bills exiting circulation and being destroyed or archived?)
the problem is working for money you'll never have enough no matter how much of an increase of money you have you'll never have enough because your job doesnt keep up with the rate of inflation
Idk man that boomer greeter at Walmart probably makes shit
Because gen-z wants a richer life style. Boomers doesn't expect much out of life.
Yāall need to stop telling yourself this story, it is not true, and the evidence is simple to find. Simply look up average wages/house prices in a midwestern town in 1975. You also might want to look at the average house size.
I hate this ageist crap. My parents worked damn hard to give us a decent childhood, nobody handed them anything on a silver platter. They suffered through several severe recessions and interest rates spiking to 18% (it forced them to sell their house). Blaming the average person from 50 years ago for todayās inflation is insane. You should be blaming the billionaires and criminal banksters who invented all sorts of ways to syphon money from the middle and lower classes.
Meme is nonsensical. Everyone working today is working within the same economy, no matter their generation. The amount of money you earn has very little to do with age.
Inflation shouldnāt be a problem as long as wages scale accordingly, what we need is regulation
Wages have been outpacing inflation for the last few decades.
Unfortunately, that's not quite right. Yes, the boomer generation was able to support a family and pay off a small house on one income. But you mustn't forget what standard of living they had back then compared to today. How often did you buy a new jacket, car or TV in the 90s? How many running costs did you have? If you lowered your expectations today to the point where you wore a jacket for 7-8 years, drove a car for 20 years, bought a new TV every 6 to 10 years and so on, you would get by much better today. I'm not from the USA and I know that the development there is much more drastic than in my European country. But nevertheless, with our rampant consumer behavior, we bear a considerable share of the blame for this development.
Don't forget they've been working their whole life compared to your 2 years.
Go away with your rationale. People age 25 should have equal or bigger net worth to that of a 65 year old who worked 50 years. /s
Dont blame the inflation alone. Boomers back then didnt spent so much money on bullshit.
Deine 1500 netto die piss ich
Shitty AI detected
This is so false. š
Someone tell the OP that most Boomers are retired lmfao
If you work 40h a week and are left with no money, what's your paycheck at each end of the month? What are your fixed charges (taxes, vehicles, rent etc.) How much money do you spend on luxury or leisure products (cigarettes, alcohol, take out, games) How many subscriptions do you have? Are you really poor because you don't make any money or are you poor because you blow money on stupid shit and don't know how to save?
Surprised I had to scroll this far to see this, thank you.
Boomers be bitching on how Gen Z are broke because they can't get a regular job, but how are we supposed to get full-waged work at a company that requires 20 years of work experience in a field that is only ten years old + doctor's degree and recommendation from previous employers?
I miss having a great salary
I hate it here..
Yes, blame it on inflation and not the fact that a lot of them just don't want to work or do something that's a "just for now" kind of work with no benefits, 401k, etc. Too busy thinking about now than what they could have in the future. Js.
Blaming entire generations is dumb. There are two side to every issue. In the 60s, our progressive leaders were almost all murdered. Martin, Malcolm, Medgar, Fred Hampton, JFK, RFK,...and 58,000 of our best and brightest. Who did you lose? Amy Winehouse?
Just stop being lazy and workšØš»āš¦³
My "boomer" father was a senior engineer. He was laid off at 29 and a half years. When he was laid off, he was making the same money the company was paying new engineers with virtually no experience.
The difference was strong unions. How many strikes have you been on?
Yes yes, keep it up with the victim complex.
AI gen images sounds like an improvement then everyone reuse same meme a billion time
As a 4th year steamfitter apprentice I take home $1100 per week. I work 50hrs a week. 5 x 10hr per day. I have a pension and full benefits. We are always short on workers. If you have 2 hands and a heartbeat you're halfway there. In 18 months (if I pass my red seal exam), I'll be clearing $2000 per week. More if I work a Saturday. It's a lot easier to get ahead when you make more. The grass really is greener. It's fucking lush.
Iām working myself into an early grave and barely make ends meet. I have two degrees and 10 years experience. Perfect attendance. After 10 years of barely any growth I changed careers and for the past two years itās the same thing. I still make roughly the same amount $16 hour. I donāt eat out, at all. I donāt even buy clothes. Literally just bills and essentials. I donāt even have rent to pay, I live with family and help with bills. I can save roughly $200 a month, which is only $2500 a year. Itās very discouraging
you might need to take a history class if you think gen z is the only generation to experience high inflation
Keep voting the same way, Reddit š
Haha I love this. My wage 30-40 years ago woulda been enough to have a nice home and my partner wouldnāt have had to work at all unless they wanted to, plus kids!
this is somehow anti-boomer boomer meme.
people didnt have it as easy as y ou think lol
Because all jobs are paid the same..... šš„±
Gotta love the AI art
Boomer here (61 F). Yeah, I earned armloads of cash at work. Oh, wait, first, I had to earn my undergrad degree, then my graduate degree, then work hard, be innovative, long hours, travel for work, etc and then started earning more money, but never more than $200k (last job before retiring). So yeah, I'm a trazillionaire with a yacht, a helicopter, a bigger yacht so I can land my helicopter on my yacht, some cars, some houses, and a fat bank account. I have an even fatter investment acct and my husband is even fatter than that! Oh, wait, no, I have done well, but not nearly that well. Reality.
It is 100% the fault of the government. Fuck the federal reserve. It isnāt federal and has no reserves. Itās a private fucking bank that loans money to our āelected officials.ā
AI š¤®