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I specifically excluded any medium or high risk investment,no Madoff,no "Ponzis",no nuthin...
As for the SS,the hypocricy of socialists was... immortalised...
They started it at only 1% & now it is...13%...(...sorry,12.9%..! ).
Who would say NO to just a 1% payroll tax just for charity..?
Typical socialist manipulation...
When they stage a hit & they impose a new tax,they start at a very low,"painless " level.
Then they carwheel it to 10X the original percentage...
Like the federal income tax,they started it at a "painless" 10% & raised it to...91% in 1950 ...or 39.6 % today...
There never was a 1% social security tax rate. In the origional bill, the rate was 2% specified to increase to 6%. Now we are above that, but get your facts right.
Only an idiot pays the highest tax rate. That is the tax rate on taxable income, not total income. There are so many loopholes, credits, deductions for everyone, no one pays what the tax rate is on the gross. My effective federal income tax rate this year, after credits, deductions etc was less than 10%. Perhaps you need a good financial planner and tax advisor.
Adam Smith said: "The subjects of every state ought to contribute towards the support of the government as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state." A progressive tax is one of the cornerstones of capitalism.
Don't forget "They" are the people of the United States.
1. Adam Smith is dead...His phrase is the cornestone of...piracy,not of capitalism...
2. A single/flat rate taxation system is fair & proportionate ( =capitalist).
A progressive system is unfair & disproportionate ( = socialist).
3. The new law "sends " half the freeskates ( "uninsured") to the private insurance ,but the other half to the gov program,Medicare...
4. The anti-rich myth that the rich don't actually pay lots of taxes is...very old.
A millionaire in NYC pays today more than 50%,55% or even more...
Many of us,who are faithful in capitalism,understand that already the socialists occupy half of the nation's healthcare...
It is only a matter of time until they turn USA to Canada...
Step by step,they build the socialist state.
The matter is how can we dismantle it...
The 1st step was Social Security,the 2nd was Medicare/-aid,the 3rd is the new law...
So,my simple proposal to undo this socialisation is to privatize everything.
Private insurance only & private pensions only.
People who are already in the system,will continue to be serviced by the government,by going more into debt. But the programs of SS & Mc/Md will be terminated & substituted by a gov mandate to buy private insurance & enroll in private pensions only.
The cost will probably be the same,15.3 % but the fundamental difference is that socialism imposes a tax against the will of the people ,while capitalism issues a common sence mandate,for the general good...
The difference between taxation & a mandate is the difference between tyranny & duty...
As for the debt,it may be serviced,to an extent ,or forgiven.
Govs go to debt since...forever.
A Repub full majority,House-Senate-Presidency,possibly in 2012,with the aid of Blue Dog Dems, could pass such a monumental...termination of socialism...
I would like to hear your opinions,especially from people specialising in economics...
Please spread your idea to privatize social security every chance you get. Urge you fellow right wingers to shout if from the mountain tops!
This is a great idea which I'm sure will bring you votes!
Well,the privatisation of SS/Mc-d is beneficial more to the poor,because 15.3% for a poor is a lot of money,while 15.3 % for a rich at 250K is tolerable...
Also,the rich can have their own private pensions,insurance,trust funds etc...
So,my desire is to benefit the poor & the middle class & save them from the jaws of socialism...
Many of us,who are faithful in capitalism,understand that already the socialists occupy half of the nation's healthcare...
It is only a matter of time until they turn USA to Canada...
Step by step,they build the socialist state.
The matter is how can we dismantle it...
The 1st step was Social Security,the 2nd was Medicare/-aid,the 3rd is the new law...
So,my simple proposal to undo this socialisation is to privatize everything.
Private insurance only & private pensions only.
People who are already in the system,will continue to be serviced by the government,by going more into debt. But the programs of SS & Mc/Md will be terminated & substituted by a gov mandate to buy private insurance & enroll in private pensions only.
The cost will probably be the same,15.3 % but the fundamental difference is that socialism imposes a tax against the will of the people ,while capitalism issues a common sence mandate,for the general good...
The difference between taxation & a mandate is the difference between tyranny & duty...
As for the debt,it may be serviced,to an extent ,or forgiven.
Govs go to debt since...forever.
A Repub full majority,House-Senate-Presidency,possibly in 2012,with the aid of Blue Dog Dems, could pass such a monumental...termination of socialism...
I would like to hear your opinions,especially from people specialising in economics...
hubby and I have always been in favor of privatizing SS. This is not to say every penny that in contributed should be privatized, but certainly a portion. Let people decide for themselves like they do with thire 401Ks where and how they want to invest.
I also would like to see income tax and replaced with a national sales tax. This way everyone pays the same amount. You buy, you pay. It isn't going to happen in my life time but I would love to see something like this. I don't mean a sales tax on top of income taxes which is what we could be looking at with the passage of the health care bill.
Jesus,how many times do I have to emphasize that either I or any sensible capitalist faithful do not advocate investment of pension funds in high risk instruments.
No high risk,
no medium .risk,
even so little low-low-low risk
& preferably in gov bonds.
The difference is FREEDOM ,PRIVATE OWNERSHIP of your funds & no gov interference.
U would still probably pay 15.3%,but that would be a payment to your OWN ACCOUNT...
With your own will,following common sense mandates,not confiscation of your money by the politicians...
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