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Why would they expect that? Let's clear up a few things:
1) Social Security is not an investment. It is insurance. You don't earn a "return" on Social Security.
2) Social Security is not paid for by FICA taxes. That is a lie. Social Security is funded through a government agency. The Federal Government as we know is monetarily sovereign; it creates it's own sovereign currency at will, with the only limitation being an inflation that cannot be cured by raising interest rates (which it also controls). It is impossible for the Federal Government, thus Social Security, to ever be bankrupt.
3) Chris Christie is pandering to the donor class. Cutting Social Security is the 1%'s goal, as it widens the gap between themselves and everyone else.
4) To reiterate, there is no Social Security crisis. It is all lies and politics.
Do you have any sources where I can read more about this? Not challenging what you are saying, I am genuinely interested in learning more.
We all like the politician that will stick to the other guy (Republicans like when they stick it to the poor and disenfranchised, Democrats like when they stick to the rich), not so much when they stick it us. I know so many public worker Repubs who hate Christie simply because he's going after their stuff, not realizing that IS PART of the Repub platform. Makes me laugh.
I don't understand the mental capacity that you must have to vote on the basis of sticking it to someone else.
I know a few public workers who sometimes vote republican and tend to think right-of-center fiscally, but as far as I have gleaned from conversations, it has more to do with the hope of seeing appropriate spending cuts, when necessary, than it does with group think. By appropriate spending cuts, I mean where the cuts are actually needed, not that money be shifted to be mismanaged.
I think that for many people, the issue with Christie is that he has no self-control, presents himself as a child, and he appears to run the gamut between dishonest and downright scummy. The people of NJ (all of us, me and the other guy too) deserve better than that.
Christie is talking about means testing social security payments. Not sure how that panders to the 1%.
You have to read the post again. "Means Testing" is a lie. Social Security does not need to be "means tested" or "rationed." It is funded by the U.S. government crediting U.S. dollars into the accounts of its recipients. Poof! (Money is created through Deficit Spending into the Reserve Banking System). FICA is a lie. Social Security "solvency" is a lie. Taxes do not fund any Federal Spending.
It panders to the 1% because the myth of Federal Government finances is a lie used to widen the gap between the 1% and everyone else. The Federal government does not need tax revenues to fund anything.
I don't understand the mental capacity that you must have to vote on the basis of sticking it to someone else.
I know a few public workers who sometimes vote republican and tend to think right-of-center fiscally, but as far as I have gleaned from conversations, it has more to do with the hope of seeing appropriate spending cuts, when necessary, than it does with group think. By appropriate spending cuts, I mean where the cuts are actually needed, not that money be shifted to be mismanaged.
I think that for many people, the issue with Christie is that he has no self-control, presents himself as a child, and he appears to run the gamut between dishonest and downright scummy. The people of NJ (all of us, me and the other guy too) deserve better than that.
I hate Christie, but SS is an entitlement. Just the current definition used by every politician including the president.
Everything is an entitlements by our "leaders" standard.
Our dear "leader" said "Don't let any body tell you corporations and business create jobs".
Yeap, your job is a entitlement granted by the almighty government. You should be grateful that they only take 50% before property tax and sales tax and whatever other taxes they have out there.
You should be grateful that they only take 50% before property tax and sales tax and whatever other taxes they have out there.
You clearly need to find somebody competent to prepare your tax returns, as it is obvious that you have been grossly overpaying your federal income taxes.
50%?
Nope
Not even close...
You clearly need to find somebody competent to prepare your tax returns, as it is obvious that you have been grossly overpaying your federal income taxes.
50%?
Nope
Not even close...
If you are looking at federal income tax, then yes, it is only at 39.6%.
Are you going to add up the 12.4% of SSN tax on the first 117k? 2.9% medicare tax on the first 200k and then 3.8% of all income above 200k? Investment/passive income used to be exempt from medicare tax and now included. Itemized deductions phasing after 254k.
Ohh, almost forgot the low NJ 8.97% income tax.
So you telling me the government don't take more than 50% on income tax along?
You have to read the post again. "Means Testing" is a lie. Social Security does not need to be "means tested" or "rationed." It is funded by the U.S. government crediting U.S. dollars into the accounts of its recipients. Poof! (Money is created through Deficit Spending into the Reserve Banking System). FICA is a lie. Social Security "solvency" is a lie. Taxes do not fund any Federal Spending.
It panders to the 1% because the myth of Federal Government finances is a lie used to widen the gap between the 1% and everyone else. The Federal government does not need tax revenues to fund anything.
The 8.97% does not apply to all income. It is the rate once income reaches a certain level but only on the income above that amount
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