boedicca
Uppity Water Nymph from the Land of Funk
- Feb 12, 2007
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But I have never seen data that our comprehensive tax burden is above 55%. And SS is an insurance not a tax. Same with Medicare unemployment insurance and copays for health insurance.
SS is not insurance. If it were, the payments would be premiums (not taxes) and there would have to be real reserved to cover the future payments based on proper actuarial analysis.
Instead, we have a fake trust fund stuffed with IOUs to be paid by future taxpayers.
That is Not Insurance. It's a Ponzi Scheme.