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593 points geox | 1 comments | | HN request time: 0.205s | source
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dgb23 ◴[] No.44454168[source]
There are so many red flags with this administration that I lost count. Policing speech, suppressing information, cutting research funding, cutting social programs, increasing spending and intensity for deportations, deporting people for political affiliation, an unnecessarily disruptive economic policy and many reports of general incompetence, lying and corruption.

It's all so bleak. Where is the payoff?

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lotsofpulp ◴[] No.44454185[source]
The new tax bill, which benefits asset owners (wealthy), older people, and the beneficiaries of the wealthy.

When you have a population age histogram that is flattening and eventually an upside down triangle, you need some way of extracting labor from the young and giving it to the old (the chosen ones who can afford it) to maintain the socioeconomic hierarchy.

The young without inheritances won’t ever have it as good, so you’ll need to distract them and otherwise fool them into believing it is their duty to transfer their earned income via earned income taxes to the elderly.

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Loughla ◴[] No.44455026[source]
I don't think it really has a whole lot to do with socioeconomic hierarchy; I think that's just a happy accident.

Old people vote. Old people vote in midterms and odd timed elections. Therefore, old people decide the candidates. Any politician would be smart to court them as a voting bloc.

As for the benefits for the wealthy; that's just the same old bullshit in a new protectionist wrapper. Get my friends and family as much benefit as I can while I have the ability sort of thing.

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1. lotsofpulp ◴[] No.44456479[source]
Old people voting in their own interests at the expense of young people is them trying to maintain their higher position in the socioeconomic hierarchy. There is a secondary component related to skin tone and ancestry as well.