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Why does anyone believe the GOP tax plan was for anyone other than the 1%?
The GOP hasn't cared about "the working man" for ages and the current administration has greatly exacerbated that.
Where does the current president rank historically among conman success stories? He's got to be near the top, right?
Also, the SS fund, according to the trustees won't run out of money until 2034. Even after it runs out, 75% of benefits will be funded through the SS tax. The rest could be funded through the general fund, if Congress chooses to do so, and they should. About 54% of the discretionary fund goes toward the war machine. Cut that in half and suddenly SS is funded and no, I don't give a shit what you think about funding the military. I did 11 years and saw the kind of waste that goes on. They can take the cut and still be highly effective.
Ok by your logic SS is around the same percentage of GDP, so stop crying. We should be more worried about spening on SS than funding more of these ridiculous wars. Also, we aren't talking about just the one percent, so stop being hyperbolic. The top 1% own 40% of the wealth anyway. Take it all and funding is solved, but no one is saying do that. Stop all these wars and take care of Americans!
Yes, removing the cap will work for SS. You are wrong and that's a fact. Medicare is a different story, but can still be done. For one thing we need to start paying the same prices for medications that the EU and Canada pay. We also need to take over the system and bring costs down. Or, have it like it is in England and have some private and the rest governmentally controlled. In this thread you've accused me of not thinking for myself for refuting your point with a reference of something I've read and also heard. I highly doubt you went out and did all of your own research for the information that you are stating, all get off your high horse. You read to get your information, in part, just like I do. What percentage of the budget is SS versus the Military? Military vs Medicare? Let's use a different metric and see how those numbers stack up. I know what they are. I'm posting the question for debate. I can tell you that we spend half of our discretionary spending on the military and it's making us enemies all over the world.
As far as paying the higher rates, they still take home far more than the average person, so you won't get any sympathy from me on that one.
Almost impossible to meet in the middle when you have no problem taking almost 50% of someone's income just because they make $200,000. I can't and will not relate. Never. Especially when almost 50% of the population pays NO income taxes. This discussion is futile.
To the polls!
I always wondered how income based tax brackets are constitutional. It really seems unconscionable that our government can take a different percentage of income from 1 person versus another.
I agree with you 100%, I will never, EVER agree with a system or belief that thinks its okay to tax some at 50% rate when 44% of our population pays zero income tax.
1% of the population owns 40% of the wealth, yet have a problem with taxing them at 40-45%? That's just dumb.