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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (877043)	8/1/2015 11:52:24 AM
From: i-node	Read Replies (1) \| Respond to of 1572282

>> Since the country held itself together enuf to produce a GDP of $17.841 trillion, maybe the only harm is in your mind. So, ONE PROGRAM is in debt 50% of our GDP and you say it isn't a problem. Obviously, finance and economics isn't your thing. >>That's wrong. It gets money every payday to pay benefits. They will be about 75% of what they are now. On the day it goes broke it will be able to pay about 70-75% of benefits. Over time, that percentage will decrease. Meanwhile, workers are still paying the same amount of tax and getting exactly ZERO for it. This is a Ponzi Scheme. >> It's also EZ to prevent that by removing the cap on taxable earnings. SS hasn't been tweaked since RW mythological superhero Ronald Raygun raised rates in '83. That really didn't seem to harm the public, either. Of course it harms the public. When you impose a 6.2% tax on employees plus 6.2% on employers, hell yes it hurts. It creates unemployment (just like a minimum wage increase) and it makes wage earners have that much less money to save for their own retirements because they're having to pay for their grandparents' retirement. Your argument, essentially, is that it doesn't matter if we raise taxes but provide no benefit to the taxpayers. And that is precisely what causes tax revolt. >> Imagine Labron James and the Cavs paying taxes on his full ?10M salary, instead of the first $110K; it's easy if you try. I don't doubt that is what some lame-brained politicians will end up trying to do. And then they will have used up that much more of the tax base to deal with the immediate problem of Social Security and left the bigger problem of Medicare twisting in the breeze. And Pensions? No one is thinking about them at all. This country's best days are behind it. You ask why people are supporting Trump? It is the Nuclear Option for dealing with this shit the Democrats have let go year after year.