To: mick
The people who get "every dime I paid those bastards" are not what's breaking the system. It's the people who will receive two or three dimes, or a dollar or more, for every dime they paid in.
Those who worked in the fifties, sixties, and seventies paid a pittance compared to what they are drawing out.
To: Notary Sojac
Fair enough.......one other point I would like to make which may make me a heretic here at FR.....but over the yrs I noticed that with the cap on earnings that are subject to SS taxes my lower earning people paid a higher percentage of their pay in SS taxes than the higher earners. It always seemed somehow unfair....all the crap the liberals love to spew about a progressive tax being fair because the higher earners can afford to pay a higher %, the SS tax is in fact a REGRESSIVE tax that the bottom people pay more as a percent of income....even though as an owner subject to the matching funds BS I always thought removing the cap and have everyone pay a fixed % would be fairer....and I have read that that could be a way to fix the system immediately.....but that would be a tax increase that the GOP will never support.
16 posted on
09/23/2010 7:33:04 AM PDT by
mick
(Central Banker Capitalism is NOT Free Enterprise)
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