RE: Social Security and wealth.
July 7, 2020 at 1:21 pm
(This post was last modified: July 7, 2020 at 1:22 pm by tackattack.)
wouldn't removing the "up to $147,700" limit and lowering the percentage to under 5 percent:
A)less of a burden on big corporations means big companies have to match less and the self employed end up paying less.
B)Decrease the cut to the paycheck for lower - middle income class families
C)Tax the rich proportionately without the cap (which protects the wealthy) so that they have to pay more
The above coupled with less loopholes on the estate tax for generational wealth seems like a great way to help get us better equipped to deal with a generational national deficit. Let's be honest though, as long as politicians are greedy and corrupt the benefits will continue to go to the wealthy, mainly because while we hope we're socially mobile, it isn't anywhere close to a reality. Born poor, die poor, etc...
/2 cents
A)less of a burden on big corporations means big companies have to match less and the self employed end up paying less.
B)Decrease the cut to the paycheck for lower - middle income class families
C)Tax the rich proportionately without the cap (which protects the wealthy) so that they have to pay more
The above coupled with less loopholes on the estate tax for generational wealth seems like a great way to help get us better equipped to deal with a generational national deficit. Let's be honest though, as long as politicians are greedy and corrupt the benefits will continue to go to the wealthy, mainly because while we hope we're socially mobile, it isn't anywhere close to a reality. Born poor, die poor, etc...
/2 cents
"There ought to be a term that would designate those who actually follow the teachings of Jesus, since the word 'Christian' has been largely divorced from those teachings, and so polluted by fundamentalists that it has come to connote their polar opposite: intolerance, vindictive hatred, and bigotry." -- Philip Stater, Huffington Post
always working on cleaning my windows- me regarding Johari
always working on cleaning my windows- me regarding Johari
