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

To: TimF who wrote (69603)	5/3/2018 10:41:07 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 353909

"SS taxes are like other taxes in that they increase government income and reduce the deficit. " Nope.

To: TimF who wrote (69603)	5/3/2018 10:49:02 AM
From: Sam	1 Recommendation Recommended By John Koligman Read Replies (2) \| Respond to of 353909

SS taxes are like other taxes in that they increase government income and reduce the deficit. And that is where you are wrong. It is called a "payroll tax" and is distinguished from other taxation for all purposes except for when the Rs want to use it to create the illusion that the govt has fewer liabilities than it is pretending. If the payroll tax is just another tax, it would mean that our system of taxation is the most regressive and idiotic system on record; it would never be passed by Congress like that. Republicans want to count it as revenue in one context and as a liability in another. That is the reason Bush gave for his tax cuts--that the govt is swimming in money and it must be "returned to the people". Actually, the govt didn't have large surpluses, it was a fiction that Bush and his furry R friends used to steal from the SS surpluses that were built up precisely in order to deal with the Baby Boom Population Bulge. That is what you and inode blithely ignore. It is why Bush could in 2005 claim that "the safe is empty" when he went on his SS privatization tour just 4 years after claiming that the surpluses that the govt was projected to run were intolerable and must be given "back to the people" in the form of tax cuts. You are being either willfully blind or purposefully dishonest, I don't know which one, but frankly continuing this discussion with you and inode is idiotic.