***. “Essentially all the economic gains of the last twenty years have gone to a tiny sliver of the wealthiest Americans…It’ s by design. The wealthy have paid for the ability to stand at the drawing board and plan out big parts of the economy so that the whole thing works particularly well for them.”
[ Morris Pearl, Erica Payne: “Tax The Ricg!; 2021 ]
Let’s keep this simple on Social Security funding: THIS is the choice: Either ALL ordinary Americans, by 2032, will lose $440. EVERY. month on their Social Security checks. – OR. – “We” eliminate the Social Security tax cap of $184,500. Which currently means that Percy Moneybags, III, only pays Social Security tax on his FIRST. $184,500. – ALL ELSE. – millions, billions is NOT. taxed. [assuming his crafty tax people don’t use loopholes as well!!!!!]
WHY? The theory is this: Taxing Percy Moneybags, III on his income over $184,500 would be “unfair”. – because he doesn’t get any value out of living in America – with police, fire, courts protecting his wealth; underpaid U.S. military men and women guarding his wealth with their lives; he gets no benefit from U.S. highways, etc., etc.!!!!!! Percy owes NOTHING to the over 1 million American soldiers already dead, the several millions of soldiers wounded; gets no benefit from the millions of workers injured and killed from building America. – in short, Percy Moneybags, III owes. NOTHING. to America – he did it “all by himself” !!!!!!!!!!!!!!
There is one word that describes this kind of arrogant thinking: BULLSHIT !!!!!!!!!!! Another is. CORRUPTION – this is what Percy’s lobbyists paid for.
It has been known since at least 2010 that THE. most ‘American,” most democratic, most FAIR, Social Security solution is this: Eliminate the earnings cap, no change to benefits – then, a 116% solution. [ “Let’s start with the easy part”; Timothy Taylor; Minnesota Star Tribune; 11/21/2010 ]. Taylor was NOT the first to say this!!!
***. “Woe to them that make unjust laws.” [ Isaiah 10: 1 ]
For further perspective: If Joe Sixpack graduates high school, works 18-68, makes $50,000 every year. – his. LIFETIME EARNINGS. would be. $2.5 million. If Suzie Sorority graduates college, works 22-68, makes $100,000 every year. – her LIFETIME EARNINGS would be $4.6 million. Percy Moneybags, III, many/most millionaires, billionaires, make that in ONE year, often n a few months!!!
SO. – WHY. is there any debate over what is the right thing, the American thing, the fairest thing, is ELIMINATING an ARTIFICIAL “cap’ on Social Security taxes?????????? Answer: CORRUPTION.
The fix: YOU tell “your”. Representative, ‘your”. Senator. – you vote to ELIMINATE the Social Security income tax cap. – OR. – I. vote against you. PERIOD.
***. “The law should be equal for all, whether it rewards or punishes, whether it protects or restrains.”
[ Thomas Paine; 1792 ]
More perspective: “… income inequality in the United states rose far more rapidly than economists expected. Earnings for the top 6 percent “rose much faster than the overall average,” Mr. Goss said. In 1983, the Social Security payroll tax was imposed on 90 percent of the country’s wage income. [. Why not 100%? ]. Now with taxable wages capped at $168,6000, only about 82.5 percent of the nations wage income is taxed for Social Security, he said. The cap would need to be raised above $300,000 to get us back to the 90 percent coverage of the Reagan administration.”
[ “Fixing Social Security is Doable, If Lawmakers Act”; New York Times; 6/2/2024 ]
[NOTE: What. ISN’T discussed. – non-wage earnings. Why not tax. ALL. income – from stock, from corporate bonuses, etc. Why not tax all the WallStreet exemptions, etc. ?????????? ].
[ Answer. – CORRUPTION. ]
Note that a president. – Reagan. – got involved. Why isn’t “our” current president. – Donald John Trump, pushing for a fair, democratic solution. – one THAT WOULD. – “Make America Great Again” ????????????
This isn’t rocket science. – “We”. just tax the rich like we tax. YOU………………..
This is YOUR clue: if. “we” ARE living in a REAL “democracy,” “we”. eliminate the Social Security income tax cap. If. ‘we’. are living in a plutocracy. – we don’t. PERIOD.
Why isn’t. “your”. president threatening Congress to get this done ???????????????
***. “The most odious of all oppressions are those which mask as justice.” [ Justice Robert Jackson ]
