Formerly About Advanced Micro Devices Message Board

STOCKTALK

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 : Formerly About Advanced Micro Devices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Tenchusatsu who wrote (759700)	12/26/2013 7:27:27 PM
From: koan	Read Replies (3) of 1575184

Your logic is flawed and you make suppositions based on a lack of knowledge. Feel free to contradict me. Where you logic is flawed. It doesn't matter what SS was designed for. It matters what our society needs to be a just and healthy society today. We know much more than we did in the 1930's and must adjust accordingly. We know now that approx. 50% of people depend on SS for their income in old age. It is no ones fault. Anyone can end up broke in old age through no fault of their own. Another thing you RWers never think about are that half the population are born below average in IQ, or disadvantaged in one way or another and may need some help along the way from those "lucky enough" to be born smarter or with more opportunities. And a 12% raise in taxes on the rich is something they can afford. They are rich. In the 50's under Ike, taxes were much higher than that and we did fine as a society. And you are dead wrong about me. I am 72, and receive SS. But I also work full time and make over 6 figures every year and have to pay maximum SS taxes for which I get nothing at all. I pay the maximum amount every year and do so willingly. How come you can't see that stuff? And yes, I clearly care more than you. If we don't take care of the old poor and sickly people what happens to them. Most people do the best they can. What is you plan? <<Koan, SS was originally intended to be a forced-savings program where the more you put in, the more you get out. There is an element of wealth redistribution, but for the most part it was never intended to be the sole income source for retirees. Of course it's turning out that way for many people who lived most of their lives in or near poverty. These will be the people who will be getting more out of SS than they put in. And their numbers will continue to grow as the population ages and the notion that people don't have to save for their own retirements becomes ingrained from one generation to the next. Now you can argue that the FICA tax is a regressive one, and that the cap on SS revenues makes no sense. But that was part of the original design of SS, and the sharp progressive curve on income taxes makes up for it anyway. If you want to lift the cap on FICA taxes while keeping the general income tax curve the way it is, you would essentially be raising taxes on the "rich" by 12.5 percentage points. That's a HUGE hike, and it would be equivalent to that stupid 75% "tax on millionaires" that France is trying to pass. Of course, I don't expect you to get anything I just argued. Your counterarguments amount to nothing more than "I care more than you do." Real easy for you to "care" when you're not raising taxes on yourself. Tenchusatsu

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next