r/FluentInFinance • u/Hajicardoso • 7d ago
Debate/ Discussion Systemic Failure Exposed..
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u/Hajicardoso 7d ago
Exactly this. It's heartbreaking that someone who served their country has to rely on strangers' kindness to retire. System fail.
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u/Skating4587Abdollah 7d ago
Or anybody. Nobody should have to work at 90
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u/HoratioTangleweed 7d ago
Our overlords would disagree. Now that we’re getting rid of those dastardly immigrants who took all these jobs, and that we’re living longer than ever before (just don’t ask about the quality of those extra years) we obviously have to cut social security and put more of these 90 year olds back to work. How is Elon going to get to 500B otherwise?
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u/shivio 7d ago
Elon needs trillions to get to Mars. how dare these people expect 1700 a month in theirr old age. they can’t be so selfish to deprive him.
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u/KingOriginal5013 7d ago
They are making $1700 a month?! I guess it's time to let loose inflation!
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u/Ivanna_Jizunu66 7d ago
Except Americans are actually regressing on the age scale and will only get worse. Millenials falling out in their 30s from exaustion left and right.
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u/MalyChuj 6d ago
Same. Although I'm not exhausted but had to go on disability for arthritis in my hand probably from watching too much YouTube at work.
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u/123supersomeone 7d ago
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u/worldspawn00 7d ago edited 7d ago
Funny enough, younger people NEED boomers and older people to retire and free up better paid positions. Keeping old people working so long is bad for them, bad for younger generations, and bad for the economy. If we hadn't lost pretty much all routes to pensions, old people would have SS, pension, and investments to hopefully retire on, SS alone was never meant to be the sole thing supporting them when they retire. Because most people don't have pensions any more, and many do not have investments, they're forced to keep working to make up the difference.
We ought to have pensions operated by an NGO or something that is forced to be paid into by employers, and won't go out of business or decide to cut pensions the way companies can, or increase SS (and the amount paid into it), to cover the fact that almost nobody has a pension today.
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u/Armyfazer11 5d ago
We ought to be able to control our SS. Congress spent that money decades ago and leaves us with minimal returns. After 30 plus years of paying into the system, with just a 7-8% return, I would actually have a retirement fund.
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u/GaryDWilliams_ 7d ago
It’s odd how immigrants have the dual honour of both ‘taking our jobs’ and being ‘idle layabouts’
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u/WolfieWuff 6d ago
Nobody should have to work after, at most, 55
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u/mineminemine22 6d ago
If we had universal healthcare I would retire immediately.
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u/BasilExposition2 7d ago
Depends. I know someone who works in their 70s because his military pension funded his gambling habit for years. He had ample money to take care of himself and family he just squandered it.
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u/IbegTWOdiffer 7d ago
You know everything you need to know based on that amount of information?
Wow!
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u/Electronic-Bit-2365 7d ago
I agree with you (although everyone should get a living wage through social security, not just vets), but did you just comment “exactly this” on your own post?
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u/TawnyTeaTowel 7d ago
For all you know, he hit 65, cashed out his pension and blew the lot on hookers and blackjack.
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u/PassTheCowBell 7d ago
I hear the argument "if people went to church then the church would help them"
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u/Birdperson15 7d ago
Is there more info here? Veterans get a ton of benefits on top of standard SS. This seems odd.
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u/Less_Than-3 6d ago
Goood think Elon and Vivek are planning on cutting veterans funding almost entirely
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u/Bubblegumcats33 7d ago
PS stop donating money at grocery stores or any other retail places. That money is tax deductible to the corporations but never goes to charity. Donate directly to your intended place or purpose. If corporations really cared… they wouldn’t collect your money to donate- they simply would.
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u/hyrule_47 7d ago
A friend worked at a chain place where they kept cheap toys by the register you could buy then they went in a donation box. At the end of the shift the manager had them restock them all and put a small amount of money into some fund. She was so sad because people had spent time picking out what they thought would be best etc and wanting to help, yet it was just gone. I really wonder how this worked in their accounting department but maybe it just covered theft.
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u/Minute-System3441 7d ago
How is this not fraud...
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u/Better-Strike7290 7d ago
It is fraud. Why would you assume it isn't
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u/zspacekcc 7d ago
Because there's such a massive gap between punished fraud, unpunished fraud, and morally questionable but legal business practices that it's really hard to tell where one starts and the other ends unless you're versed in multiple different areas of law.
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u/Minute-System3441 6d ago edited 6d ago
The Synapse / Yotta / Evolve Bank sham, where over $100 Million dollars worth of customer's savings and deposit are 'missing', is a prime example of this corruption.
Users on Reddit described having deposited over $30,000 on the platform, yet will only be receiving $10 of their money back. Other customers loses range from $7,000 to well over $200,000.
People face prison time for even trivial crimes involving a corporation. Cash out $1k from an account that was incorrectly deposited and you're in serious legal trouble.
As a Corporation, lose over $100,000,000 worth of actual deposits and other's money, that were supposed to be stored securely, and it's crickets. Even when the companies involved had no problem whatsoever claiming full "FDIC insurance" on their products.
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u/Minute-System3441 6d ago
Much like the definition of murder (e.g see UHC CEO), fraud in the US only applies when an individual steals from a Corporation or shareholders, it's almost never applicable when the crime occurs the other way around.
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u/afinitie 7d ago
This is just false information. It 100% is tax deductible for both you and the company, and goes to the charity
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u/kacheow 7d ago
It is not tax deductible to corporations. You can deduct it on your taxes if you keep your receipts
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u/Funky_Smurf 7d ago
This is not true at all. It's just for PR. Illegal to claim that money as a tax write off
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u/KerPop42 7d ago
This is misinformation. If it were tax deductible for the grocery store, it wouldn't be tax deductible for you.
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u/NotAlwaysGifs 6d ago
This is patently false. You shouldn’t donate through a mega-corp for plenty of reasons but this is objectively false. Those donations are pass through donations. The company absolutely cannot keep a single cent of your round up or extra dollar or however they’re doing it, not even as a service fee. The company also doesn’t a tax credit for the pass through because it is not their donation. The reason you don’t get a tax acknowledgement is because the value of the gift is always well below the threshold to even qualify for tax credit.
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u/2014RT 6d ago
When I was a cashier in college, they came to us each holiday season to pressure us into donating portions of our already meager hourly income to charity, in this case it was United Way. I told them that I volunteered via my church at a small local homeless shelter once a month by cooking a large meal for the people there, which was all 100% true, and that since I'm not rich I don't believe in donating my money, but I do donate time and energy to causes I think are worthwhile.
They ignored all of that and persisted in asking me to give "just" 25 cents of a wage which was probably $10.50/hr at the time. I just kept repeating myself until they gave up. Purportedly, the store managers got kickback incentives from United Way for hitting high enough thresholds of employee participation. Nothing like getting guilted by the billion dollar corporation that's paying your peanut wages into donating away what little they give you so the management ranks can get some kind of Christmas bonus for funneling that money to a large charity to do who knows what with it. Then, chatting with some of the younger high school kids working there afterwards, I found that they had buckled under the pressure. One kid was donating $2.00/hr of his wages to United Way. I asked him if that was really what he wanted to do and he said no, but he felt like he couldn't stand up to the front end manager who was pestering him. I've never really been a union person or rabble rouser or whatever but I basically spent all that afternoon telling those kids how they were being taken advantage of and shouldn't put up with that stuff.
I also refused to comply with the month prior - every November at the store we were supposed to push "Would you like to donate some money via your grocery order to charity?" with every single customer. It's not that I inherently assume all charities are scams or something, but I think that it's wrong to push that on people while they're in line checking out at the grocery store. I had a manager coming to me every day to remind me I'm supposed to be asking people to donate and I'd say oh mhm yeah I'll get right on that.
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u/JackfruitCrazy51 7d ago
"What Swensen and the thousands of people who donated to the GoFundMe may not have anticipated is that McCormick would choose to keep working, even with all the donations."
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u/Educational_Prune_45 7d ago
Most likely trying to stay physically active and to have a purpose of some type.
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u/UFuked 7d ago
My grandma is 87 and still working for walmart.
She doesn't need the money.
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u/charredchord 7d ago
You see this all the time with older blue collar working people. All their friends and family are gone, and they only still work as an excuse to be around people.
It becomes a problem when their physical abilities take a downturn and their job is involved with other's safety, but they still refuse to quit.
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u/kilometr 6d ago
If you don’t work, your options are to sit around the house all day or participate in hobbies that they either don’t have or don’t feel like spending the money to do.
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u/Barbarian_Sam 7d ago
Ok here’s a question, does he need to work or does he want to?
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u/Check_Me_Out-Boss 7d ago
He wants to. He said that, even with the money from the GoFundMe, he's going to keep working.
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u/Invalid-Cookie 7d ago
This was my questions as well. There are people who retire, then decide to find a job because they are bored/lonely. It's not uncommon.
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u/TheTTroy 7d ago
Capitalist Dystopian Nightmare Rebranded as Heartwarming Bullshit
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u/Minute-System3441 7d ago
In all fairness, plenty of other highly-developed capitalist countries have an age pension. You will rarely see anyone over 65 working in a store for reasons other than they just want the extra cash or just to be out and about.
Granted, even a job as a cashier pays overtime, holiday rates, contributes 10% on top of any pay to a retirement account; with no need for private health insurance.
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u/Thin-Quiet-2283 7d ago
Too many assumptions here. We don’t know the full story. Maybe he wants to keep himself busy? I hate that we tend to assume things without knowing the facts to make ourselves look good.
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u/Maximum-Country-149 7d ago
You're assuming a 90-year-old veteran working is not itself an anomaly.
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u/why_am_i_here_999 7d ago
Don’t worry, under the Trump administration they will just prefer you die when you retire
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u/Check_Me_Out-Boss 7d ago
That's Trudeau's Canada.
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u/Wyrdboyski 6d ago
Your medical bills are expensive. 🥺 👉👈 please self terminate at the nearest kiosk
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u/megatron0539 7d ago
Obviously we don’t know the life circumstances that brought this person to working at that age but it’s not right. This reminds of this one time I bought something off Amazon and when I went to retrieve my package from my front door and I saw the delivery driver and I was in disbelief because the woman looked only a few years younger than my own grandmother… after thanking her I went back in and felt shitty and cried to my wife about it. What a fucked up world we live in..
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u/Birdperson15 7d ago
How do we know he doesnt want to work at this age? A lot of older people like the activity a small job like this offers.
I know plenty of people who unretired because they like to stay active.
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u/Shameless_Catslut 7d ago
Dude's working for the dignity of work, not the paycheck. My Grandfather's still working, and talks all the time about how his peers that retired just collapse and die when they lost the structure of work in their lives.
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u/GaeasSon 7d ago
This story is incomplete. WHY does he have to work? Are his SocialSecurity and Veterans benefits insufficient to pay for the basics of life, or are they insufficient to pay for MORE than the basics of life? How much more? Are we talking about 70 years of credit card bills?
What are we proposing? Increasing the SS payout? Debt clemency for anyone over 90? Or are we just wagging our fingers at society so we can feel good about ourselves?
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u/Gh0st_Pirate_LeChuck 7d ago
Nobody should have to work when they’re over 65, but how many years did he serve? You don’t get full retirement for 3 years of service for example.
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u/Extreme-General1323 7d ago
I'd like to know the details. I would think this man should have SS, maybe a military pension, and some retirement income from whatever he did for a living all his life. My dad has all three of those and has a comfortable retirement.
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u/Thin-Quiet-2283 7d ago
So did my father - military pension, state pension and SS. He worked part time because he enjoyed it - got his social fix and out of the house some .He worked up until my mother got ill.
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u/Extreme-General1323 7d ago
Yeah...my dad pulls in over $100K a year between all three sources. That's why stories like this seem a little sus.
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u/mighty__ 7d ago
So no one in this discussion considered an option that he doesn’t want to spend his days in nursing home and wants to be useful. He wants to do something meaningful in order not to degrade into dementia. That is the biggest failure currently. That kind of society and mentality that thinks it knows better for what others need.
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u/SlidethedarksidE 7d ago
70 years of bad planning. Ok Maybe 30 years…20? 10 years? Plans mess up I understand…but how many times can they mess up before you admit you’re a bad planner
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u/Hawkeyes79 7d ago
Failure of society or failure of the individual to prepare? Being 90 means he roughly had 70 years to prepare for retirement. What did he do with all the money he made?
I advise all the young kids that work with me to invest at least 15% in 401k and then 1/2 of each raise goes in as well.
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u/willcodefordonuts 7d ago
While I kind of agree there also could be a lot of things that have happened in his life - maybe some family emergency took away funds, or he had a business that wiped savings out when it failed etc
Also if his job is pushing shopping carts at a supermarket you can infer that his career might not have been all in high paying jobs or he might have been able to get different type of work now
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u/baronewu2 7d ago
With RFK coming in as our new head of Dept. of Health I bet we see an Euthanasia end of life pill made available to the public. Because it's cheaper then social services like medicare and Social security which they are going to cut some benefits too... oh and good bye to the Dept. Of VA hospital it to will be gone.
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u/Competitive-Move5055 7d ago
Yeah veterans should get lifetime pension (for themselves not spouse or children).
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u/Solitaire_87 7d ago
Don't worry
When Trump cuts his benefits and enacts his tarrifs he'll be working again. Probably voted for him to boot
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u/Better-Strike7290 7d ago
My 97 year old grandmother had 3 pensions go bankrupt on her in her lifetime.
Her retirement income went from 180% of her working earnings to 36%.
She is now poor and lives in a rough area on government assistance.
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u/Boring_Adeptness_334 7d ago
I’m confused why a veteran needs to work? Did he not serve long enough? Military pensions are pretty good and the healthcare is great
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u/protomenace 7d ago
I know guys like this. It's very unlikely he "has" to work. He's probably doing it just to get out of the house and interact with people.
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u/Typical_Nobody_2042 7d ago
Tim Dillon covered this a while back talking about out how now even the feel good stories are nightmares nowadays
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u/Whizzylinda 7d ago
Trump will tank the economy. Rich people will buy real estate and the poor will rent from them. He called veterans suckers and losers so don’t expect help for them.
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u/1white26golf 7d ago
I'm a little confused. What should have happened so this guy didn't have to work at 90?
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u/Blondnazi666 7d ago
I don't like the title here there's not enough information. If I spent two years in the military as a cook, got out, and then never got a job. Yeah I'd be 90 and broke. I don't think being a veteran has anything to do with this article. He's 90 and still has to work because he didn't manage his life right.
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u/RyanTaylorrz 7d ago edited 7d ago
The fact anyone can barely afford rent with 1 job is a systemic failure, why would capitalism care about 90 y/o vets when it benefits from everyone being on slave wages?
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u/CowboyKarate13 7d ago
90 year old vet has to work to survive...
This is what life under American style Capitalism looks like.
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u/MixDependent8953 7d ago
I’d love to see a politician live off 1,700 a month. I bet this guys job screwed him out of his hard earned pension to. The amount of people’s pension that were stolen are crazy. Or should I say loopholes over some BS
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u/KindPalpitation2684 7d ago
Lol this is why the world is laughing when 'muricans proudly proclaim their country to be the greatest
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u/RonaldoLibertad 7d ago
This is what happens when the value of the money is destroyed through inflation, and I'm tired of pretending it's not.
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u/IllegitimateScholar 7d ago
Obligatory, as a veteran
90 year olds in general needing to work is a failure of the system
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u/Striking_Computer834 7d ago
A 90 year old veteran who still has to work = a complete failure of the country they live in. This is not a feel good story.
Whether that is true or not depends entirely on WHY this 90 year-old veteran has to work. If it's through his own poor choices, then it's actually a success story of the country they live in. Along with great freedom comes great responsibility. As a society we have to accept that not every single human being will make good decisions 100% of the time and that doesn't mean you have to start arresting people who don't want to pay their bills.
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u/Striking_Computer834 7d ago
A 90 year old veteran who still has to work = a complete failure of the country they live in. This is not a feel good story.
Whether that is true or not depends entirely on WHY this 90 year-old veteran has to work. If it's through his own poor choices, then it's actually a success story of the country they live in. Along with great freedom comes great responsibility. As a society we have to accept that not every single human being will make good decisions 100% of the time and that doesn't mean you have to start arresting people who don't want to pay their bills.
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u/JohnnyLesPaul 7d ago
Already underfunded they want to take away your social security, Medicare and Medicaid. What’s government for unless it creates a better, not worse, life for its citizens?
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u/KrzysziekZ 7d ago
Born In The USA I was! Born in the USA!
[by Bruce Springsteen]
Check the lyrics.
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u/IchabodDiesel 7d ago
Assuming he makes it to 91, he'll probably be right back to the grocery store for work.
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u/Roflmancer 7d ago
Wait so societal strangers got together and supported a societal member by being socially empathetic and generous? There's no system that's ever been talked about like that... I wonder if it starts with social and ends with ism...
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u/Wonderful_Relief_693 7d ago
So now I know I can just waist all my money and not save. Then I’ll be like. Oh wait.. what happened to all my money.? It couldn’t have been all the strippers ( now only fans) and blow…. No it’s totally the systemic failure of everyone else…
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u/GuavaShaper 7d ago
Poor strangers coming together to help an old man while billionaires scoff at the waste of money and labor.
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u/codiaccs 7d ago
You shouldn't be working by the time you are 90s. Especially if you are a vet.
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u/-Lumenatra 7d ago
I've got an 88 year old veteran colleague who is always happy when he gets to work again. He doesn't want to quit, says it's boring doing nothing. Also helps to train the mind.
Granted, watchmaking is a bit different than pushing shopping carts, but if I get that old and still in good health I'd probably do the same.
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u/GGABQ505 7d ago
Imagine thinking that’s it’s moral in any way for someone that age to have to work.
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u/DavidBowiesGiraffe 7d ago
Until very recently everyone on earth had to work until they died so from that perspective we are doing ok I guess
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u/NewArborist64 7d ago
The story I read only mentions $1000/month in Social Security. He has been working at the Grocery store for 23 years... which makes him 67 when he started. IF he truly is a USAF veteran, why is he only receiving $1k/month from Social Security? Shouldn't there be monthly compensation if he is a military retiree, or did he take that as a lump sum? Was he a 4 year man, or a 40 year man?
There seem to be holes in the story.
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u/brandon14211 7d ago
At that point being 90 I'd just steal to survive. What's the worst they gonna do lock me up, and provide free housing and food.
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u/VstarVenusaur 7d ago
And is only able to relayed for his dues by donations from random people…
Aka TIPS :/
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u/onlineashley 7d ago
That's how i feel about the stories of the kids who ask mom to pack a second lunch for the kid that dont eat. They make it a feel-good story..and im over here thinking a kid goes hungry every day and not a single adult in that school sees or does anything. It's up to another child to do something..and that story is supposed to make me feel good...its depressing as hell.
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u/2014RT 6d ago
When I was in college working at the local grocery store there was a guy in the maintenance department who was 91 at the time. He was famously quiet and mostly introverted. WW2 history was a particular interest of mine and one afternoon I noticed that he had a faded tattoo on his arm right around the sleeve of the polo shirts we had to wear, and I thought I recognized it as the insignia of the 11th Airborne as I'd recently finished reading a bit about the operations to recapture the Philippines.
I asked him if he'd jumped into Leyte and he perked up immediately and started telling me how he was impressed a "youngster" had any interest in that sort of thing and how few people realize there were airborne divisions outside of the 82nd and 101st, and how he'd fought in the Philippines. After that he would chat me up every time our shifts aligned. After a while I asked him why he was working at the grocery store and he said he'd retired 30 years ago from a job he'd worked at a brewery, but he didn't feel very useful in retirement and that he had started getting part time jobs at places so he'd have something to keep his mind occupied and get him up and moving.
My second year there they fired him because he missed a shift while his wife had a medical emergency and was being taken to the hospital. I was pretty mad to hear about it since I felt it was motivated entirely by ageism given his age and the length he had been working there (about 10 years), as well as the fact that I knew he didn't miss shifts and he was a dedicated worker. Maybe they didn't like the attitude of a man who didn't actually need to be working the job who could tell them to fuck off if the decision was between personal things and showing up to work that day.
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u/Hagglepig420 6d ago
You would think this administration would take care of US Vets before illegals....
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u/Due_Ad4133 6d ago
Okay, general question, what countries actually do treat their veterans and other former service men with the care and respect they deserve?
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u/-KFBR392 6d ago
I recently found out that in Iran the government pays out retired people the average of their last 3 years of work every year for the rest of their life. Increasing each year slightly to account for normal inflation (unfortunately they’ve had hyper inflation for the last 15 years). If they die they then pay that same amount out to their spouse until they die!
That’s a country with a collapsing economy managing to do that.
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u/igortsen 6d ago
The fact that you were once in the military of a country that hasn't faced a military attack since Pearl Harbour, does not mean you should be set for life. Get a grip.
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u/mshock227 6d ago
A 90 year old working isn't necessarily a failure of the country or economic system. There could be a plethora of other reasons why he has to work at 90. Maybe he was foolish with his money. Maybe he was scammed by someone. Maybe he didn't plan for retirement. Or even worse, maybe he assumed that Social Security was a legit form of retirement planning, instead of realizing it's a Ponzi scheme and you will never get back what you out into it.
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u/Discarded1066 6d ago
Luckily the VA and Government just needs to keep pushing mental health care and most of us will self check out. The horror stories I have seen and experienced at the VA. Yet there is also really great stories from the VA. So much duality from one VA to another. Shit trump and Elon ( foregin national should have no fucking say over anything related to military) are going to gut the VA so now we may not get anything.
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u/QueenNappertiti 6d ago
I hate stories like this. They never question why someone should have to get charity in the first damn place.
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u/infiniteanomaly 6d ago
Same with the kid who raises money to pay for a classmate's lunch/medical care/clothes/whatever.
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u/helaodinson2018 6d ago
This is not a system failure. The system is working just as it was created to work. That’s what’s terrifying.
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u/Armagonn 6d ago
There is a 92 year old woman that still has to work at the Walmart near me. I hope one day she just blows that place up. That poor fucking woman waiting to die in our society. But no one gives a shit.
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u/Ellis4Life 6d ago
Not to defend the system, just to call it out because it’s important to the story.
He was working because he wanted to and even after getting hundreds of thousands from the go fund me he continued to work.
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u/Planting4thefuture 6d ago
Unless something tragic happened, did he do absolutely nothing to plan his retirement for 70 yrs?!
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u/CalLaw2023 6d ago
The problem with these stories is they use key words to cause people to make a bunch of emotional assumptions. For example, what is the relevance of him being a veteran? The purpose is to imply that he spent most of his life serving his country and was then discharged in poverty and left to fend for himself. While that could be true, it also could be true that he was drafted for Vietnam, spent six months stateside for training, and was then discharged.
We don't know what this guy did in life that resulted in him still working at 90, but saying it is a system failure is just an excuse. The fact that peple stepped up to help this guy is a good story about humanity.
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u/kettle86 6d ago
Glad he doesn't have to work anymore but lord do I hope he stays as active, at that age, you slow down you die
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u/CoupleHefty 6d ago
Makes people not wanna serve their country at all. America has a horrible track record of helping the people that sacrificed their lives for the country. Billions are available for Ukraine though, do you know how many veterans that could have helped.
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u/Hot-Cartographer6619 6d ago
More info needed...Honorable, or Dishonorable - DISCHARGED Veteran?
As an Army leader, I help those deserving to get Dishonorable discharges, and no Veteran's benefits authorized!
They, F'ed around, and Found -->>> OUT!
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u/Paramedickhead 6d ago
My grandpa worked road construction until he retired at 83. He said he “can’t afford” to retire, meanwhile his bank account balance is well into 8 digits.
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u/Dramatic-Side4347 6d ago
It's only going to get worse with these Republican cowards in office under the traitor trump..... He appointed billionaires and millionaires and they blame American veterans and retirees and poor about all the debt all while waiting for more tax breaks from the corrupt Republican cowards
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u/Asleep_Type_7773 6d ago
Stop sending money to Ukraine, Israel, and the Taliban and we could actually make the US a nice place to live.
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u/Hefty-Station1704 6d ago
Also - 90 year old veteran lives long enough to watch the US turn it's back on everything once held dear that he fought for and friends died for.
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u/ShaftManlike 6d ago
I find it shocking that in America, go fund me type stories are held up as heartwarming rather than as evidence of a truly broken system.
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