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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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To: John Vosilla who wrote (111112)	3/5/2015 5:02:28 PM
From: Elroy Jetson	Read Replies (2) of 218605

We have a big problem now that the Social Security and Medicare tax is no longer generating a surplus. Without a retirement tax surplus to subsidize income tax rates for the wealthy, income tax rates have needed to rise sharply since 2008. This is why so many Tea Party folk would love to see your Medicare and Social Security benefits cut by 50%. Cutting your retirement benefits in half would again leave surplus revenue which can be stolen to continue subsidizing income tax rates. Cutting retirement benefits by 50% so payroll taxes can be cut is not on the agenda because the wealthiest Americans don't work for a living. The entire concept behind Reaganomics was a wealth transfer, from those who work for a living - to those who live off the income earned by their capital. That's why Warren Buffett calls Reaganomics "Class Warfare", and he points out his class has been winning handily by a wide margin. It takes some clever manipulators and a lot of really fucking stupid people to vote for that.

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