The New York Times > Washington > Social Security Enlisted to Push Its Own Revision
The New York Times > Washington > Social Security Enlisted to Push Its Own Revision
Should this be happening?
posted by TheLoneAmigo @ 11:58 am
4 comments
4 Comments:
Social Security needs reform; math will tell you that.
In the past, up to 70 citizens would be paying for a retiree's check. Now, it's 2 or 3 workers (sometimes even just 1) who pay for a retiree's social security check. There is an upcoming group of people who are about to retire, and these people will not receive the Social Security benefits that they've paid all their life for, because there won't be enough money in Social Security to go around.
That is true. Their is not enough money in social security because George Bush has been blowing it all on tax cuts for the rich and publicity stunts, IMHO.
In any case, though it may need reform, it's not right to use its budget to push a political agenda. There's probably more than one plan to reform it.
A political agenda? I really don't think something of the scope and magnitude of the Social Security reform could be considered a political agenda, if it is true that such a reform is necessary.
I think that we could have plenty of money for Social Security if we just cut out contribution to the United Nitwits. :)
Seriously though, these so-called "tax cuts for the rich" are an interesting topic. I don't quite understand how it's so bad for them to get tax cuts, since they pay an EXTRAORDINARY tax rate already.
Truthfully, out tax system is broken. If everyone is not taxed at an equal rate, then many people are kept in their current economic status. For example, if a man gets a raise at his job, there is a high probability that it will be a raise that is just enough to bump him into a higher tax bracket. This means that his take-home pay ends up being no higher (and often ends up lower) than it was before his raise.
My opinion on taxes is that we should first of all abolish the IRS. Then, we should get rid of ALL the taxes, and establish a flat sales-tax. Everyone pays it, and it's nearly impossible to evade.
Ummm... do you realize how progressive taxes work?
They work like this(example only):
Income/Tax
0-2000/0% of income
2001-6000/10% of income
6001-12000/15% of income ABOVE 6000 +$600
So you're taxed at 10% of your income below 6000, 15% of your income between 6000 and 12000, etc.
Social security reform is a political issue. The need for reform may not be, but the specific plan is. And the need for reform has at least been partially created by the Bush Administration's incompetent financial policy.
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