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Trump wants to end taxation on Social Security
EverettChris
Member Posts: 3,927
in Tug Tavern
Makes sense.
“Oh hey, we're going to take all this money from you and we may or may not give it back in 50 years with no interest gained while we borrow your contribution.
Also, when we give it back to you, we're going to turn around and ask for some of it back in the form of income taxes.”
Makes sense. Retard sense.
Comments
Good move
Edit to add its only for billionaires- the dnc
Abolish the IRS
Take it a step further and let folks invest a portion of their earnings into the market just like Bush tried to do.
Was thinking about that today. Even the 10% that bill would have allowed put into a low-risk mutual fund would have a large increase by now but instead, just let the government borrow your SS contribution at zero percent interest gained and hope it’s still there in 30 years. Brilliant government logic yet again.
The Gubmint couldn’t “borrow” from the Social Security Trust Fund and spend money like a drunken sailor if SS was privatized.
Very True Throbber. But what rats don't tell you is if they let Social Security go the privatization route, they lose control of a very significant campaign wedge. Every single national election the left trots out the same old bullchit about Reps wanting to take away SS. Again, this is virtually every single national election.
Secondly, I was once told back in the 90's by a democrat congressman that SS is a lynch pin to a more "equal and just" society. Yes, you are correct, social security is a socialistic governments dream. Keep people dependent on this horrible security net, continue efforts to tax the rich their "fair share", force everyone to pay higher taxes through bigger government with high debt and BAM, we are right where democrat leaders want us all. Everyone will be dependent, making similar amounts, in debt to the government and democrats will control everyone. It is a big reason why rats will never give it up and during every single national election they will scare those that are dependent on SS with the old lie that Reps are going to take it away.
As it stands now, I will get the max when I decide to retire. Lets just say it is $3700 a month. If I had put that money in the stock market I would be receiving, at the very least, $15K a month in my retirement. Now ask yourself, why would democrats not want that for their own constituents? For all Americans? Maybe one or two rats on here can explain?
So strike a compromise- eliminate taxes on standard social security but regular tax rates apply on benefits that were placed in a market fund. I'm still liking my odds (despite the DOW dump today).