Bernie Sanders student loans forgiveness paid by you and me the middle class! (generation, party)
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"When the people find that they can vote themselves money, that will herald the end of the republic."
There is no evidence that Franklin ever actually said or wrote this, but it's remarkably similar a quote often attributed, without proper sourcing, to Alexis de Tocqueville and Alexander Fraser Tytler:
They don't even have to contribute to Social Security on anything past $132,900 of declared income
Ah, this old complaint. Note that benefits are also capped, and people who pay the max in will get proportionally LESS than someone paying taxes on half that income.
Bernie's plan would tax all investment transactions, including those that occur in pension funds and 401K, IRA, etc., retirement accounts. They ALL have a long list of investment transactions every year. They're clearly published in either monthly, quarterly, or yearly statements/reports.
You have a habit of just repeating posts you made earlier when you have no link to back them up.
Lets face it.... Bernie doesn't know how to pay for anything he's suggesting. What we do know is if any of crazy Bernie's ideas become reality, expect the tax man to show up, with their hand out.
More services requires mo money. Every action has a reaction. Keep in mind that our revolution was basically fought over taxation.
Inevitably what will happen, to a greater degree than already exists .... taxation with with less representation.
Lets face it.... Bernie doesn't know how to pay for anything he's suggesting. What we do know is if any of crazy Bernie's ideas become reality, expect the tax man to show up, with their hand out.
More services requires mo money. Every action has a reaction. Keep in mind that our revolution was basically fought over taxation.
Inevitably what will happen, to a greater degree than already exists .... taxation with with less representation.
This thread is about how he would pay for it.
Many Republicans don't get the concept of paying for stuff, they just borrow and spend aka they are into free stuff.
The war was fought over taxation without representation.
Ah, this old complaint. Note that benefits are also capped, and people who pay the max in will get proportionally LESS than someone paying taxes on half that income.
True. And not only that, the middle class is now losing money on Social Security, too. Only the low-income come out ahead.
Quote:
"As recently as 1985, workers at every income level could retire and expect to get more in benefits than they paid in Social Security taxes, though they didn't do quite as well as their parents and grandparents.
Not anymore.
A married couple retiring last year after both spouses earned average lifetime wages paid about $598,000 in Social Security taxes during their careers. They can expect to collect about $556,000 in benefits, if the man lives to 82 and the woman lives to 85, according to a 2011 study by the Urban Institute, a Washington think tank.
Social Security benefits are progressive, so most low-income workers retiring today still will get slightly more in benefits than they paid in taxes. Most high-income workers started getting less in benefits than they paid in taxes in the 1990s, according to data from the Social Security Administration."
Collecting tax to pay for a program <> free stuff.
Spending (like Trump) without funding = free stuff.
Of course it is only free for him, and his supporters, because future generations will have to figure out how to deal with all the debt he is racking up.
Trump has been spending other peoples money all his life, and when things fall apart he declares bankruptcy and lets other people take the fall.
Republicans have it upside down, because they think paying for programs through taxes is somehow "free stuff".
You have a habit of just repeating posts you made earlier when you have no link to back them up.
What do you think an INVESTMENT TRANSACTION TAX is? It's a tax on ALL investment transactions. That includes investments bought and sold by pension and retirement accounts.
What's disappointing is how financially illiterate many posters have exposed themselves to be. And then they wonder WHY they and the rest of their similarly ignorant cohort struggle.
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