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Thread: The results are in on social security

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    Re: The results are in on social security

    Quote Originally Posted by haymarket View Post
    Bush came up with the initiatives and trumpeted in his State of the Union speeches. Then Congress voted to enact and 91% of the votes came from Republican members of both houses.
    Not just Bush, those taxes have been eroding at least since Carter.

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    Re: The results are in on social security

    Quote Originally Posted by haymarket View Post
    I think everyone should be invested in the nation and all wage earners should at least pay 5% in taxes - no matter what deductions they have. 5% should be the minimum federal tax for those making the lowest incomes. I would impost other levels of a minimum tax at other levels so regardless of deductions, all end up paying.
    Does this mean you agree with me that the tax base should be widened to include everyone who works? If so this might be a first.

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    Re: The results are in on social security

    Quote Originally Posted by Misterveritis View Post
    Does this mean you agree with me that the tax base should be widened to include everyone who works? If so this might be a first.
    how about of a percentage of ALL INCOME?
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: The results are in on social security

    Quote Originally Posted by donc View Post
    how about of a percentage of ALL INCOME?
    As long as it is even-handed, not designed around the peculiar idea of having a steeply progressive tax system so as to wreck capitalism (yes, Marx did want it) and is agreed to by our political system.

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    Re: The results are in on social security

    Quote Originally Posted by Misterveritis View Post
    As long as it is even-handed, not designed around the peculiar idea of having a steeply progressive tax system so as to wreck capitalism (yes, Marx did want it) and is agreed to by our political system.
    Cool, lets get it thru then.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: The results are in on social security

    Quote Originally Posted by Misterveritis View Post
    I think you have your head in the sand. The money is gone. It was replaced by IOUs. We can never make it up. The Ponzi scheme is collapsing.
    It is only gone, if you consider the full faith and credit if the US to be worthless. It took decades of robbing SS, and it will take decades to fix SS. Fortunately, the solution has already been found without creating further hardship for seniors that are already hurting from the worst recession since the great depression. As has been referenced above, raise the FICA cap from its current limit of $106,000 to $180,000, and make the SS trust funds off limits to general fund use.

    Crisis abated.

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    Re: The results are in on social security

    Quote Originally Posted by Catawba View Post
    It is only gone, if you consider the full faith and credit if the US to be worthless. It took decades of robbing SS, and it will take decades to fix SS. Fortunately, the solution has already been found without creating further hardship for seniors that are already hurting from the worst recession since the great depression. As has been referenced above, raise the FICA cap from its current limit of $106,000 to $180,000, and make the SS trust funds off limits to general fund use.

    Crisis abated.

    why cap it at $180,000
    why should the rich not be subject to tax on their entire income just as the lower class wage earners
    their high incomes do not prevent them from being able to draw social security - at the highest levels available
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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    Re: The results are in on social security

    [QUOTE=Catawba;1059682649]It is only gone, if you consider the full faith and credit if the US to be worthless.



    It's nice to see a lib admit that all we have in SS fund is a huge pile of IOU notes. In reality China pays old people, for now anyway.

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    Re: The results are in on social security

    Quote Originally Posted by justabubba View Post
    why cap it at $180,000
    why should the rich not be subject to tax on their entire income just as the lower class wage earners
    their high incomes do not prevent them from being able to draw social security - at the highest levels available
    You make a excellent point!
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: The results are in on social security

    Quote Originally Posted by sawyerloggingon View Post
    It is only gone, if you consider the full faith and credit if the US to be worthless.

    It's nice to see a lib admit that all we have in SS fund is a huge pile of IOU notes. In reality China pays old people, for now anyway.
    In the same way China and SS paid for our optional decade long wars so we could provide tax cuts for the rich. Btw, it was the libs who suggested locking the SS Trust funds from General Fund use. I agreed with Gore's proposal to lock them but the country decided to go with the candidate they would rather drink a beer with.

    So have another round of beers with Bush while we raise the FICA cap to fix this mess.
    Last edited by Catawba; 07-25-11 at 02:18 PM.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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