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.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 399.01+0.1%Dec 19 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: maceng2 who wrote (111229)3/13/2015 9:20:47 PM
From: Elroy Jetson1 Recommendation

Recommended By
smh

   of 218621
 
Ronald Reagan spent the Social Security and Medicare tax revenues, which were not immediately needed, on large reducitons in income tax rates for the wealthiest Americans.

This theft of retirement taxes was twice compensated with reduced benefits for future retirees like Tomasso with committees chaired by Alan Greenspan the wunderkind of the age.

However, since 2008 all of the Social Security and Medicare taxes have been required to pay current benefits. As a result Ronald Reagan's subsidized income tax rates have been generating massive budget deficits.

Obviously the wealthiest Americans would rather not pay higher income tax rates simply because they've run through the Social Security and Medicare tax surplus paid by other people.

This is where the exciting Phase 2 of Reaganomics comes in. Guys like John Vosilla mutter that we need to cap the god dammed Entitlement Programs, Medicare and Social Security. This grand sense of entitlement Seniors have, simply has to end say Republicans.

Reducing current Medicare and Social Security benefits by only 50% will provide a large enough slush fund to:

A.) continue subsidizing, what are currently, the lowest income tax rates for wealthy people in the industrialized world;

B.) create another layer of reduction in income tax rates, the largest ever offered by the Republican Party.
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