NYcarbineer
Diamond Member
the people who pay in to social security should KEEP THEIR surplus taxes paid, and not give their surplus taxes to those who don't pay any for the most part of their earnings.
This is what I see as fair....just.
I don't know what this is about.... Can you explain some more. I am confunded
When the Bush Tax cuts were introduced in 2001, they estimated that we were going to have a $ 3-5 trillion dollar budget surplus over the next 10 years or something of the sort.....
and they came to the Public, and told us that they did not believe the federal gvt should hold on to this money, but should give it BACK TO THE TAX payers, because it was THEIRS.
This is HOW the Bush tax cut proposals were promoted.
And those at the very top, got the MOST of these tax cuts, supposedly because they paid the most.
The problem with this, is that the estimated surplus in taxes that they were proposing to give back to us, was surplus money FROM SOCIAL SECURITY TAXES collected....NOT from projected income taxes.
Yet, the tax cuts FROM OUR SS surplus funds was given to those at the very top in overall dollars, and those at the top for the most part DO NOT PAY SOCIAL SECURITY TAXES on the most of their earnings.
This in essense was TAKING from the working class's taxes and giving them to the wealthiest, such as Gates and Heinz, and Hilton and Buffet, WHO NEVER PAYED A DIME in social security taxes, where the very surplus in taxes came from.
This was a SLIGHT OF HAND, in my humble opinion....a reverse Robinhood, and injustice.
It's true. The Bush plan was explicitly designed to eliminate the surplus, in other words, to eliminate any chance of paying down any of the debt already accumulated.