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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (6121)	1/13/2017 11:43:06 PM
From: TimF	Read Replies (1) \| Respond to of 364368

He never imagine people would be talking about taxing, at 15%, all of the wages an employ made. And he would never have considered it acceptable I'm not sure about that. FDR was a high tax kindof guy. and would never have signed such legislation into law. Maybe, but if so only because such legislation would likely have failed even in the context of the Democrats being overwhelmingly in power back then, and if it doesn't pass than he can't sign it. OK maybe I'm being a bit too harsh on him, having that hit ordinary employees, starting at the 1st dollar made, maybe he wouldn't have supported it. In 1934 he instructed Congress that the program’s funds “should be raised by contribution rather than by general taxation.” In a way its bad that it was set up that way. The fact that it has its own separate tax seems to cause some people to believe (or speak and write as if they believe) that its costless. As if having a special "defense tax", would mean the fiscal burden of defense spending was zero, and that such spending didn't in any way contribute to the deficit.

To: i-node who wrote (6121)	1/14/2017 10:28:21 AM
From: Lane3	Read Replies (1) \| Respond to of 364368

He never imagine people would be talking about taxing, at 15%, all of the wages an employ made. And he would never have considered it acceptable and would never have signed such legislation into law. What he didn't anticipate was that people would live so long. At the time of enactment, people typically lived barely past the designated retirement age so one would have contributed in a lifetime of work enough to have funded one's retirement.