Silicon Investor (SI) -- The First Internet Community

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 -- Ignore unavailable to you. Want to Upgrade?

To: neolib who wrote (213542)	12/18/2004 7:46:37 PM
From: RetiredNow	Read Replies (1) \| Respond to of 1576282

You know, one suggestion I actually liked was the suggestion of continuing the socialist system of SS we have now, but make it even more socialist by eliminating the social security cap. I bet that alone would wipe out the entire $10.4 trillion unfunded balance. Get the rich to pay for it. Unfortunately, that would effect me quite a bit as well, but I like the idea of Bill Gates contributing a lot of money into SS. Think about it. Let's say he's worth $70 billion and he gets a 5% return on his money per year. That's $3.5 billion per year in income. Take 12% of that and you get $420 million per year in contributions to the fund. And that's just one guy. So if we want to solve our national debt, social security unfunded balance, and the deficit, all at once, I say tax the shit out of people who make more than $500K per year. That would wipe out all of those problems in one fell swoop and most of these rich people wouldn't even feel the bite out of their lifestyles. :)