Guest Post by Martin Armstrong
Welcome to the real world, kids! A recent poll by Cash App Taxes have found 1 in 4 Gen X Americans (born between 1997 and 2012) believe they need therapy after filing taxes this year. Yes, 25% of that demographic needs psychological help after learning about taxation.
Now, this generation was simply unprepared for the harsh truth about taxation. The study found that 62% of first-time filers did not know how to obtain their W-2 or 1099 forms. The study also found that many believed cypto, where around 55% of Gen Z investors have a stake, was off the radar and were surprised to find out that tax forms were required on those investments.
A lot of these kids reached voting age before they were required to pay taxes as some parents handle everything to the disadvantage of their adult children. Schools simply do not teach students about taxes. You are taxes on your sales, purchases, savings, income, etc. etc. The idea of this liberal Utopia where we all live freely in peace and harmony without consideration for money is a fairytale.
This phenomenon of the liberal dream bursting has been well recorded throughout history.
“Anyone who is not a republican at twenty casts doubt on the generosity of his soul; but he who, after thirty years, perseveres, casts doubt on the soundness of his mind,” Jules Claretie once wrote. In 1927, King Oscar II of Sweden stated, “A man who has not been a socialist before 25 has no heart. If he remains one after 25 he has no head.” We all know Churchill’s famous line that mirrors King Oscar’s sentiments.
The left panders to young voters and preys on their innocence. Millions actually believed Biden had the authority to make their student debt disappear, for example. They believe Republicans are greedy and everyone deserves to be equal. Once they realize that a large portion of their pay goes to foreign war, foreign migrants, people living off the system, corrupt politicians, etc. it becomes more apparent that equality has a different meaning. There is a reason that public schools fail to educate the youth about taxation and economics, but everyone will learn sooner or later.
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That’s nothing, one of two Generation Z types need therapy after seeing an old Lynyrd Skynyrd music video where they have a Confederate Battle flag on the stage.
Now I understand why my nephew won’t let me show his kids Blazing Saddles!
He raised a crop of pansies!
“Where the White women at?” – Sheriff Bart
Why does every headline here look like it comes from a BB article. Either this world is insane or it’s just me. I’m leaning toward me but…
The world is insane. I see it every day.
It can be both you know.
I explained to our child the other day that in order to do Karate around here it costs $60 per week = about $3000 per year. So someone has to earn about $4500 before taxes to pay for that.
Go find some sticks and play Samurai with your siblings.
The break even point comes when they’re proficient enough to beat up their peers and take their lunch money! Nobody stops at “self defense” these days!
Gen X was not born between 1997 and 2012 as stated here.
Generation X is considered to be approximately from 1965 to 1980.
I consider Gen X to be between 1960 and 1980. Supposed to be 20 year cohorts right ?
I agree with you on that one. No way I’m a Boomer. My mom wasn’t from the so-called Greatest generation either but the one following.
You don’t get to make it up to suit your own beliefs. Gen X started in 65.
Correct. Thanks!
There were 2 sayings about the differences between liberals and conservatives when I was in college (’70 – ’74): liberals haven’t started paying taxes; liberals haven’t been mugged.
True back then … still true today … but I don’t recall anyone 50 years ago needing therapy just because they found out that they have to pay taxes … these sissies are so weak and so malleable that anyone can lead them around by their nose rings.
Wait I have seen studies suggesting up to 37% of “GenZ” need therapy.
THATS A PERIOD
No taxes needed. Seems like doing taxes which means basic maff skills cause a recentering of the brain towards logic. Suddenly the BS is smelled. Suddenly it all makes sense.
Sorry it only lasts until the first avacado toast…………
We are taxed on our paycheck and taxed when we spend it, taxed by inflation, all culminating in the most unjust tax of all…the income tax. We need to get rid of the FED and about 90% of government before we are bled dry. It may be too late, I think our government has labeled the middle class as useless eaters…nothing to see here, line up for your boosters.
Taxation is theft by parasites at gunpoint.
I have a university degree,but then i graduated in 1977. I wouldn’t go to university in 2024 if it was free. Get a job. Learn a trade. Live cheap. aaaaaand never,ever date a woman with student loans.
that generation needed therapy before this.
Generation x was born from baby boomers, idiot. We are those born between 1965 and 1980. Go study a little, retard!
Called Z as the final LOST minorities b4 the coming Rapture this summer b4 AUG, We honestly don’t know why they were even ever hatched at the hospital, all the perverted offspring of LOST so called parents, tragic cases of robots raising little robots, the WRONG way for sure
Both my kids have come around. Once my daughter graduated and started working, she figured out quickly that taxes suck and are completely unfair. So now she sucks it up, but she’s very conservative in her thinking.
My son is now in his first career position after college. His truck died up in yankee land while he was up seeing his fiancee before the new job started. So he bought a replacement truck with our help. Then he went to register it and I reminded him he had to pay $700 sales tax on the purchase. His response: “Fucking leaches!”
A little adulting goes a long way.
“Study: Less Than 25% of Gen Z Doesn’t Need Therapy ”
FIFY …
Gen X started in 1965. Armstrong spent too much time in jail and lost his mind.