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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (111229)	3/13/2015 6:47:38 PM
From: Metacomet	2 Recommendations Recommended By Elroy Jetson ggersh Respond to of 218621

..a lot was diverted to the Bush Re-Election War

To: maceng2 who wrote (111229)	3/13/2015 9:20:47 PM
From: Elroy Jetson	1 Recommendation Recommended By smh Respond to 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.

To: maceng2 who wrote (111229)	3/13/2015 9:21:01 PM
From: Elroy Jetson	1 Recommendation Recommended By smh Respond to of 218621

Some knuckleheads have pointed out that a 50% reduction in Medicare and Social Security benefits should more properly be used to reduce Medicare and Social Security tax rates by 50%. *But a 50% reduction in Social Security and Medicare payroll taxes would only benefit low-lifes who work for a living.* Unless the Social Security and Medicare tax revenue taken from working people and retirees benefits is used to subsidize income tax rates, investors will miss out on the benefits of lower taxes because they don't pay Medicare and Social Security taxes on their profits. Working Americans were required to pay 16% Payroll Taxes in addition to Income Taxes so they could subsidize low income tax rates for investors. This was the genius of Ronald Reagan - Class Warfare disguised as a tax cut. This is why an investor like Mitt Romney pays only 13.6% total in Income tax, Social Security tax, and Medicare taxes on only $22 million of income. In comparison Tomasso, one of those untouchables who worked for a living, was paying more than 30% on his annual income - which I can only imagine was far more than Mitt Romney could dream of earning. But Tomasso was kindly enough to donate about 25% of his Social Security and Medicare taxes each year to guys like Mitt Romney in the form of subsidized income tax rates. And this is a question of equity - isn't it pretty selfish for a guy like Tomasso to abruptly stop subsidizing Mitt Romney's income tax rates without notice when he can continue to do so by accepting only a 50% reduction in his retirement benefits? If we cut John Vosilla's Medicare and Social Security benefits by 50% he may stop muttering that we need further cuts in these two Entitlement Programs.