SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Politics for Pros- moderated
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: KyrosL who wrote (31485)2/26/2004 7:33:15 AM
From: John Carragher  Read Replies (2) of 793670
 
I do not think the problem is the deficit. the subject is the 77 million baby boomers who will be on soc sec. and less working people to contribute to soc sec tax.

how does an increase in top 10% of income take care of soc sec.? Not having studied the situation but listening to who has the fortitude to correct this situation instead of lying to the public.. We have a congress who will not address soc sec and take corrective action as they fear losing their jobs. It is a very sad situation that the people we elect to office will not do their job because of self interest.

If we look to 90's a lot of the money taxes that came in was from capital gains, income from options etc. Greenspan mentioned this in his speech yesterday and said it was an event that was not substainable. Look to Ca. for an example. Ca. got tremdous tax income from the dot. coms start up and spent the money as if it would be going on forever.

ps i am not in top 10% but looking forward to soc sec .
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News