People born in the 1950s grew up with a 91% top-tier income tax rate, which ultra-rich people went out of their way to avoid by spending their excess income on "business expenses", rather than investments.
this post was submitted on 17 Jan 2025
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Which was better tbf
Absolutely.
It used to be that if you had $10,000 excess income, you could use it to buy $900 worth of stock, bonds, and other financial instruments or you could spend the entirety of that $10,000 on something you tell the IRS you plan to use for business purposes, and pay some salaries for making it.
Now, if you are $10,000 over the line, you can turn $6,300 into stocks, and double your money in 4-5 years. There's no point in actually spending your money anymore; just keep rolling the excess into the means of making more.
And instead of saving their money they spent it, and the people who got their money spent it, and so on until I got pennies in my ass that are going to Jeff Bezos
Pssshhhhh, bezos money is all digital.
I didn't say I had a bill to pay, I'm saying I have ass pennies and a trebuchet
Nice! It even rhymes! 😘👌
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"not even that old yet" ? I think most would consider 70ish old, unless you're running for president
I'm voting for Jimmy Carter in 28' and we'll just pull weekend at Bernie's.
A corpse would make a better leader than the guy starting up Monday.
With any luck that will be arranged.
White House with Jimmy
I also consider "about to die on average" to be "old".
fastest cars
What
It never states that they had these in their birth years. Just that they had them. Might have been in the 2020s with the Koenigsegg Jesko Absolut, which is the fastest car and was built in their lifetime. And coincidentally, currently the fastest in my lifetime as well
They think '50s hotrods were faster than later cars because later cars were "detuned to meet environmental rules"
They are still buttmad that Jimmy Carter asked them to not use up gasoline like toilet paper after a day of chipotle and Taco Bell. Its oppositional defiant disorder as politics. Remember how absolutely pissed people were about seat belt laws?
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To be fair that 1950s boomer is putting that pedal to the floor, seatbelts off, zero concern for anyone's lives including their own.
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1999ers have a decent chance of living in 3 centuries. Much more impressive
A guy I once knew had a great grandmom born in 1898 who accomplished just that! She must have had some killer stories!
She must have had some killer stories!
The world wars did kill a lot of people.
That's a lot of 50s nostalgia for a decade you spend mostly shitting yourself and barely able to put together a sentence. Reminds me of my grandparents talking about living through the blitz being born in 1945.
The meme isn't talking about the 50s but about the youth of people orn in the 50s, so +-70s
70's not exactly the decade of their heyday, and Happy days is a nostagic look at a period that they wouldn't remember
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Transcription for screen readers:
The meme is making a broad generalisation about a large group of people all heading the same undesirable trait, that trait being making broad generalisations of large groups of people having undesirable traits.
Adding to the transcription because watering down the point does no service to anyone who can't actually read it, it says:
People born in the 50's have lived in 7 decades, 2 centuries & 2 millenniums. We had the best music, fastest cars, Drive-in theaters, soda fountains & happy days. And we are not even that old yet, we're just racist
And yes, huge swaths of them are racist. There are also racists in their 20s (Nick Fuentes), but they are far more common in older generations, the south, rural areas, etc. These are facts.
Replacing hate with another hate. Just goes to show you, haters gonna hate
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Drive in theaters, soda fountains, and happy days still exist.
But they've mostly been improved upon
Cars are also waaaaay faster today than they ever were in boomer days. You could smoke just about all their 1960s and 1970s muscle cars in a fucking current day Prius lol, never mind something that's actually engineered to go fast.
I have lots of issues with modern cars. Horsepower is not one of them. Idk if you can right now, but pretty recently you could spec a 300hp minivan from most major automakers.
My biggest gripes are garbage/dangerous interfaces (use PHYSICAL CONTROLS, fuck touchscreens!), monthly/extra fees for features that should be included with the cost of the car, and invasive tracking.
Oh, and manual transmission is becoming harder and harder to find.
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Just say it, you don't like racism
i heard it’s racist to not like racism
Motorsports are boring, i dont care how fast ur cars are.
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Eh, young people are racist too. The rules always change, give it 20 years and there will be tons of stories about how racist millennials are. It won't be about GenX. Nobody remembers we exist.
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My takeaway from this is that racism works
Well, yeah. Systemic racism was invented by British colonizers as an excuse for abusing and exploiting people with darker skin and to this day, it's very effective in different variants all over the world 😮💨
Systemic racism has existed as long as concepts of race exist. No one needed to create an intentional system that favors the dominant ethnicity.
Scientific racism was created in France to justify the enslavement of African Christians as normally it is illegal in canon law to enslave another Christian. The UK and other Northern European nations embraced these concepts and built upon them.
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Lol
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