Not to even mention the trillions he stole from the social security fund and transferred to the general fund in order to hide the failure of "trickle down economics".
this post was submitted on 17 Aug 2024
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I saw someone driving around with an "I Miss Reagan" bumper sticker the other day, and I wanted to shake the shit out of them.
Do you have any source material for this? I was having to explain how much of an utter failure trickle down economics was and was having some difficulty filtering through all the garbage to find any quality substantiation.
I think tips shouldn't exist. Restaurants and everywhere else needs to just pay a real wage. Tipping the person that walks the plate of food over to me, while the person that made the food and the plate don't get tipped is asinine. All the places asking for tips now is asinine. Not paying taxes on what is over 2/3 of your income would be asinine as well. They already don't report a bunch as it is. Plus, how will not paying taxes on tips factor in to social security?
Instead of making tips tax free, make tips not legal.
"Trickle down economics" is just a politically savvy way of saying "getting pissed on by rich people".
In that sense, Reaganomics delivered on its promise 100%.
Trickle Down in a Nutshell
It used to be called "horse and sparrow". I'll let you figure out why.
The Reaganization of America led directly to the worst problems we're still still struggling with today. People argue whether it's the guns or the mental health that leads to mass shootings? Thank Reagan for both! With a bonus of homeless people, abusive for-profit prisons, underfunded schools, weak or non-existent labor unions, wealth inequality, unsafe and overpriced air travel, what else have I missed?
Love that they tax SS....
Just another way to move money from social security to the military
And tips.
May he rot in peace.
Piss*
May he burn in hell in anguish. Hell's not real, but he'd be there if it was.
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What is the penalty for pissing on a presidential grave 🤔
The combination of Reagan and Thatcher destroyed many lives.
Yep. That's when it all turned to shit. They ended that brief period after WWII when there was actually a middle class and started the income inequality spiral we find ourselves in today.
Here's a fun piece of trivia. Thatcher and Reagan are both still dead.
Another fun fact, Reagan had Alchemizers and Thatcher had dementia.
Theres more than one reason why Austin Powers shouted out "Margaret Thatcher on a cold day! Margaret Thatcher on a cold day!"
And watch some CEO try to claim his $1 billion bonus as a tip.
Exactly. You nailed the very reason Trump was told to propose the idea. Giving a way for the hedge fund managers, CEO's, etc. to reduce their taxes even further.
The biggest difference between Trump and Harris's tax free tips is that Harris wants to limit it to service and hospitality workers.
I'm still not sure this is a good idea. Workers should simply be paid a reaeonable wage and not have to rely on customers t pay more then advertized.
Kamala also wants to remove subminimum wage for that reason. But removing tax on tips does reduce the burden on tipped workers to keep records of every tip they collect.
IMO we should get rid of subminimum wage, raise the federal minimum to $15/hr, and let workers keep their tips if people still feel like tipping; it works great in Washington State.
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It's honestly a coin flip as to who was worse, Nixon or Reagan.
Definitely Reagan. Nixon signed the EPA into existence and oversaw the final stages of the Apollo program to get us to the moon. He also ended the Vietnam war (after escalating it, but he did end it).
Reagan... gave a speech in front of the Berlin Wall? Said no to drugs? Didn't turn the Earth into a radioactive hellhole? I don't know. I honestly can't think of anything I can give him any credit for as president.
Nixon didn't just escalate Vietnam, he sabotaged Johnson's attempt to end it so that he could run on ending the war. And then he waffled on it after he won the election because he realized it would make him the president that lost the Vietnam war (which is doubly stupid because, at least from my perspective, "lost Vietnam" isn't even a part of his legacy, despite him being one of the least popular presidents in recent history).
Believe me, I'm not defending Nixon except to say that he wasn't as bad as Reagan.
Oh yeah, I agree that Reagan was worse. Meant that as a "Nixon was even worse than your wording suggested which makes Reagan look even worse because he still doesn't meet the lowered bar".
Regan by a long shot.
The Nixon Shock destroyed our ability to just save money without having to exploit other people's labor.
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Reagan was the biggest piece of shit ever. So many awful awful things are because of his demented ass.
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TIL that social security earnings are taxed. Unbelievable
If you're earning social security you are likely under the standard deduction.
It would and should be the same thing for a UBI.
If the point is to help the poor, reduce their tax rate rather than encouraging tip culture by giving tips favorable treatment. I don't see why tips shouldn't be taxed just like any other income. Unless of course the business requested them via a tip screen, in which case they should be taxed 4x as much.
Not American so perhaps I'm missing something, but doesn't it make sense tips are taxed? It's income, so why wouldn't it be?
Tips should definitely be taxed. Otherwise you'll end up with businesses shifting entire income of their staff to tipping which IMHO is horrible (on top of depriving the government of income)
If wait staff weren't expected to make up their less than minimum wages with tips (which is legal), yes. But they're totally fucked as it is right now.
Imo if the worker is payed so well thet tipping is unusual, that should be the norm. Then when I have a reason, my kid puked on the table and the waiter cleaned it up or whatever and I feel like giving them 20, that should be tax free. As long as tips are a significant part of income it should be taxed. Not taxing tips doesn't fix the problem that workers are not payed enough.
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