As a young American, I'll take my chances with this tax cut, considering I won't get anything back anyways - and I in fact expect that the Feds will try to directly confiscate my 401(k) and other tax-advantaged accounts irrespective.
Wanna cry? Listen to this-—30 minutes you’ll be glad you spent listening——and, then, send it to as many people as you can:
>> I’ll take my chances with this tax cut
Unfortunately, it’s not a tax cut. It’s a deferral that will not be adjusted when the current crew retreats to collect their share.
You may be young, but you’re not one of the children that are having their future pillaged to serve scumbags.
I fully sympathize with you, but this is just a ruse to "tax the rich," of which you are considered to be if you are not one of Eric Holder's people.
Hidden in all this is the fact that this is going to be paid for with a fee attached to new mortgages. If you plan on getting a mortgage any time in the future, you are going to pay for it then.
I say abolish the whole thing. I have paid into it for over forty years and never collected a cent, but I would happily forego collecting anything if we could kill the Social Security redistribution monster.
The kids at OWS should be protesting Social Security, they are just too dim to realize it.
If you plan on buying a house and actually paying the mortgage, you are "the rich."