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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (220674)	2/24/2005 6:54:59 PM
From: i-node	Read Replies (2) of 1573427

1. Raise the FICA cap, maybe to $150K Which would amount to a major tax increase, and not even the old Democratic standby of going after the super wealthy but rather a tax increase on well off working people. Change the COL adjustment to an average of wage/price inflation. Either that or just price inflation. Raise the FICA tax by 1% on both employer and employee sides. And raise the cap? You really do want to raise taxes don't you. I might accept raising the cap in return for a lowering of rates. What some people aren't comprehending is that the program is a pyramid or ponzi scheme. Basic arithmetic should make it clear to any thinking person that you can't take a pyramid scheme and make it viable by increasing the amount of money each person on the bottom of the pyramid scheme pays; eventually, the liability is going to surpass the ability to levy taxes. You can make it stay together longer. You can prolong its collapse (at the expense of harming more people when it DOES collapse). You simply can't take a structurally unsound system and make it better by upping the ante.

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