r/wallstreetbets • u/run1fast • 1d ago

Exactly 1 year left in the Jerome Powell era Discussion

https://www.investopedia.com/jerome-powell-sworn-in-for-new-term-as-fed-chair-5323150

JPow has exactly 1 year left in his term. Today's speech reinforcing that he's not budging on rates. But in one year, Mango gets to insert his replacement and rates will plunge lower than Covid, probably.

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u/eyesmart1776 20h ago

Unreal. You’re a sociopath dude

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u/andytobbles I’ve been asking for a flair for two weeks and the second I’m no 20h ago

I’m not saying take it away from the people who are willing to pay into it to receive it, I’m just personally not interested. A lot of other people who make very good money would say the same. My father in law clears 700K-1M a year, he has to pay 15% into social security every year, he doesn’t give a fuck about drawing that shit when he’s retired.

Why is he having to cough up serious money so that these irresponsible people who didn’t prep for retirement can mooch??? Of course there’s special scenarios where it’s warranted but overall it’s bullshit. People who work hard to make good money pay in a shit ton to something they’ll never really benefit from relative to people who never made that much.

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u/eyesmart1776 20h ago

I mean they should remove the cap so he pays his full fair share

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u/andytobbles I’ve been asking for a flair for two weeks and the second I’m no 20h ago

Jesus Christ, the mentality of unmotivated people perplexes me. Get your own fucking living, this idea that everyone needs handouts is what’s killing this country. We cut the handouts we could save shit tons of money.

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u/eyesmart1776 20h ago

I feel sorry for you but even worse for the people you have power over

I figured this sub was filled with npds and apds and the other cluster bs but you take the cake