Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
The GOP has just become a little more upfront - a little more honest - in showing themselves to be the party of big business. Sure, they've embraced a socially conservative agenda to appeal to rednecks, bigots, alleged "Christians", and the like, in order to secure sufficient support for elections. But the true nature of the GOP shines through all that crap with greater clarity whenever people actually pay attention, not to the words and empty gestures, but to the actions. If an action benefits big business and screws the middle class, the GOP is solidly (can anyone say "lock-step") in favor of it.
GOP Logic: Well, that's because the middle class and working poor were too lazy to try and become millionaires. So if they're not willing to work hard enough to get into the top 1%, then why shouldn't they pay through the nose? After all, they're not worth much to this country anyway. Only the super rich "job creators" are.
The problem with it is that the rest of your die-hard-Republican buddies won't admit it.
Pretending that Social Security is "Not welfare" forms the basis of their argument for keeping the tax cap.
Exactly! which is why the "cap" puts the funding pressure on the $50k-$100k earners, to keep the whole damn thing solvent.
Raising the rate back to 6.2% and retaining the cap makes this problem even worse.
That reply makes absolutely no sense. Everyone knows its a welfare program which is the EXACT argument for keeping the cap in place. Why would you raise taxes on those who wont use a plan because those who do use the plan want more and more?
Where does it end Cletus? The more you demand, the more others are supposed to bend over and just give you whatever you want?
Location: In a Galaxy far, far away called Germany
4,300 posts, read 4,407,894 times
Reputation: 2394
The Tea Party doesn't want to tax anyone - let alone the poor. The GOP may be a different story. The source of your article isn't really concerned with anything but slamming their ideological opponents and are short on basic facts (like my opening sentence).
I'm proposing we keep the rate lowered. I also think we should raise the cap.
That means everyone would pay the same %.
Under the Republican proposal, a $50k earner pays 6.2%, a $350k earner pays 1.9%. I don't like that proposal.
That would work, too. Whatever the %, the arbitrary cap is something that needs to change.
BUT - I do see a problem there as well that I am not sure how to deal with.
Right now, the SS distribution has a cap, actuarrily based upon the cap on contributions. There is much talk about not allowing the top 10 or 1 or 30 or whatever % of earners to collect SS benefits because they do not need them as much as the lower wage earners. That's not a bad idea. But it would then be unfair to make those people contribute without a cap, but still have a cap on what they get paid after retirement.
That reply makes absolutely no sense. Everyone knows its a welfare program which is the EXACT argument for keeping the cap in place. Why would you raise taxes on those who wont use a plan because those who do use the plan want more and more?
Nobody is proposing for $50k - $100k earners to "use more and more." Nobody said we should spend more.
It is lowering tax rates, and asking the $100k/up taxpayers to help them shoulder the burden that the $0 earners put on the system, since as you say, it is now a full fledged welfare system.
Looking at the charts, there isn't a very big difference when considering the life expectancy differentials.
the bottom quintile's lifetime benefit-to-tax ratio is 4x higher than the top quintile.
Quote:
Seriously? The US Government can't afford what it pays out now. That's why we're even having this discussion in the first place.
i'm looking for some kind of trustworthy analysis that shows how removal of the cap would hurt social security's solvency. thats not the case with the current benefit schedule.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
GOP and Tea Party Mobs Determined to Raise Taxes -- On the Poor
who's the brainiac who came up with that idea? The poor have no money,thats why they're called poor..
