Comments by "" (@jmitterii2) on "Why Millennials Are Quitting Their Jobs | Great Resignation + r/antiwork" video.

  1. That's the problem is that the US saw the collapse of various other nations and summarized it's their economic system not the fact they weren't democratic.... that they were very authoritarian. So that emboldens our real authoritarian stupidity of economics to pilfer itself back into the mess that brought about various tyrannic despots. This guy had to caution he wasn't being Marxist. When he was. And that's fine. Marxist wasn't Stalin or Mao or other pro dictatorship nonsense. He was largely critiquing capitalism as it was then. A very authoritarian regime that tends to tyrannize most of its workers as well as people incidentally living in the area where the plutocrat reigned and held dominion. Without constructively critiquing things, one never improves anything. First step is finding the problems, then figuring ways to solve them. This has been a long time coming as all entrenched power forces become, because they make it dangerous to critique the status quo. Until the system becomes such a farce, a miserable obvious farce, that nobody wants it and is revolt to it. This is dangerous because those wanting to fix it, are struggling to figure out without constructive long term critiquing on what to put in its place. Often they put the same thing back up. Never solving anything long term and making the next collapse even more severe and miserable. Everything he said on this I agree with completely. Not one thing he said I would disagree. One thing to highlight is the advent of the internet. I can read your comment, someone who lives in Portugal. I can follow up and see how things really are. What are the laws on the books. What are the various social safety nets from healthcare to social security aka national pension, as well as what type of company pensions exist. And gather the facts. And realize how truly left in the dark age we in the US are. The next step is combating this. The throw off of repression. This can be dangerous because the powers that be become very angry and nervous, and they can release this power they have to that can ruin many decent people. It's a gangster capitalism as one other youtuber puts it. We don't have capitalism, we have gangsterism. (Again that avoidance of using terms like socialism thinking that means tyrannical regime of Stalin or Mao or even Hitler despite that Hitler was anything but socialist... perhaps socialist to the plutocrats of Germany and the former nobility of the former monarchical structures). Whatever you want to call it to speak the proper non-turn off language. It is a double standard he puts out. Recent bill in congress and senate is squabbling over a a few tens of billions of dollars to be given out as child tax credits... again the tax payer will more then likely pay more in taxes than the credits they get back... but let's ignore that, means less revenue... means that tax revenue might have to come from the upper income earners... can't do that. Robber barons don't feel they should pay any more despite the complete lop sided disposable income ratio to taxes or other purchases compared to the middle class or the very super rich. But they were absolutely fine, they being the elites the robber barons, the powers that be, when the Fed Reserve came to the rescue with literally TRILLIONS of dollars to buy up corporate junk bonds, mortgage backed securities so banks would lend like there was no tomorrow, pumping asset prices to the moon, and making it cheap to for all even the zombie companies to borrow to the hilt some more; even though this has caused massive inflation and wage suppression even now real incomes are down 2% to the inflation rate that is now worse than 1989. That's a tax on the poorest among us, inflation. They did not mind at all. Not to mention the 2017 tax cuts that weren't necessary as the economy was growing just fine then. The lopsidedness of this is palpable. Firstly, Corporate income taxes ranged with brackets from 15% to 39%, was reduced to a flat 21% tax. An 18% tax cut from the highest bracket. Secondly, household (individual or joint) income taxes on the highest brackets saw major decreases. Top bracket 39% on income above $426K joint filing or $424K single filer reduced from 39.5% to 37.5% 2% savings plus. brackets of income $195K-424K from 33% to 32% another 1% savings Brackets 82.5K to 157 from 28% to 24% another 4% savings 38.7K to 82.5K from 25% to 22% or another 3% savings. 9.5K to 38.7K from 15% to 12% another 3% savings. And lowest bracket not changed $0 to 9.5K remains at 10%. These lowest tiers remain only until 2025, expiring and reverting back to the old tax brackets. Median individual income in the US is about $46K So the vast savings is about 3%. But for the biggest earners this saved 18% on the corporate profits that then get funneled usually via long term capital gains which is 15% to 20% depending on total adjusted income. If they earn income via wage/salary the enjoy further savings the entire bracket of 11%. Total savings in taxes by the biggest earners between corporate and wage/salary income tax is a reduction of about 28%. Regular worker saw about a 3% tax cut; median individual income $46K Employer I was with at the time, dished out a happy 1% raise for 2018 across the board. Far as we knew the business was very profitable. Was a serious smack in the face. Employer had the freakish insult to injury to put near the time clock an email citing how the tax cuts are going into effect and will based on deductions, result in probably a 2% increase in take home pay. That we should consider putting that 2% into a 401K for savings, it's a retirement plan in the US that employers may or may not match or contribute, but we're able to contribute either tax deferred or taxed ahead so future retirement withdrawals are not taxed. The funny part too was that the deduction calculations on paychecks were botched nationwide, causing too little to be taken from paychecks resulting in many people owing taxes for that year rather than getting an expected tax return. It's a double standard that we live in. Socialism for the rich. And raw brutal capitalism for everyone else.
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