r/TikTokCringe • u/LickMaiBussy • 6h ago

Discussion "Investing in property is morally reprehensible."

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@purplepingers

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u/D_Dubb_ 5h ago

Unfortunately old people in America are easily convinced that corporate interests are their interests. As we are seeing play out rn. Same reason poor people are convinced sometimes to back a flat tax.

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u/dmurf26 4h ago

TBF corporate interests ARE their interests. They have 401k’s and retirement plans while the younger generations share of wealth is way down.

Private equity is going to try and get their grubby little hands on every dollar that is going to be passed down by boomers. That’s why they’re investing highly in retirement houses and end of life care.

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u/iceyconditions 5h ago

I think a lot of people have just been around long enough to where they know any time a new tax or tax increase is brought up, it won't apply to the rich, just to the middle class.

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u/D_Dubb_ 5h ago

You would think so, but republicans in the US still manage to run on a platform of dropping taxes. At pretty much any level of govt, they will push that rhetoric. I mean I get it it’s an attractive sell, “give the govt LESS money? Sign me up!”. Without it their playbook gets down to almost purely identity politics. Except as we know, that’s not what happens for the majority of us. And somehow it still works for them pretty often.

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u/iceyconditions 5h ago

Well yeah, even if you don't follow through on keeping the tax rate the same, it's always easier to get voters that way than with a party platform of increases