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Originally Posted by jbuffett
My problem with SS taxes is that people who make over 90,000 pay a rate that is effectively lower than those who make 25,000. Why the artificial cap on where you have to pay SS? Why do NBA, NFL, MLB, NHL (if working), and Paris Hilton get out of the system so early? If we kept the tax on all income (earned, capital gains, etc...) the solvency of the system would take care of itself.
As far as I'm concerned, Bush is following the neocon course here. attempt to bankrupt the government and follow with massive gutting of social programs.
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That's why the plan I propose would effectively even the playing field. All would put in pretty much the same and get the same back.
Bush's problem is he won't get strict with business and instead of giving away free tax cuts like he has been doing, make the companies work for the tax cuts by raising wages, hiring people, research and development tax incentives.... pure tax cuts with no incentives to spend the money to help the economy will do nothing to help the economy. In fact what it will do is drive the burden of taxes up on the shrinking middle class and eventually the rich, will end up paying far more in taxes.
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I just love people who use the excuse "I use/do this because I LOVE the feeling/joy/happiness it brings me" and expect you to be ok with that as you watch them destroy their life blindly following. My response is, "I like to put forks in an eletrical socket, just LOVE that feeling, can't ever get enough of it, so will you let me put this copper fork in that electric socket?"
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