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Politics : The Citizens Manifesto

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To: Road Walker who wrote (166)	6/20/2005 12:52:41 PM
From: TimF	Read Replies (1) of 492

"Something that pays out to all retirees is not IMO accuratly described as a safety net." Yes but it does function as one. It might be considered a secondary function in terms of the amount of money, or the amount of people for whom SS is a true safety net, while it is perhaps a primary function in political terms. If the safety net is what your after then I think it should be the primary function in terms of money and people covered, not a secondary one. I don't think you can describe any of the tax schemes as "massive". The tax is already 12.4% and for the majority of workers that is on top of incomes tax. Also many people are talking about increasing it. If you keep the rate the same, or increase it, while extending the tax cap by a large amount than you are pushing a large tax cut on the upper middle class and lower upper class. Someone making above the current cap, but below whatever the new cap is set at, would face a marginal tax increase of 12.4% or more. Do you support Bush's recent proposal on indexing? It sure didn't get much press. I support it. Its not perfect, but I'm not sure any change could be, and I haven't heard a better proposal. Tim

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