Tax & Spend Liberals

[rabid1st]

I made less than 106,800 a year. I paid social security taxes on my FULL salary. Or about 2050 dollars a year into social security. Or 1/3 what a guy making 2 million a year would pay.

We've all heard the dire news about the tax and spend Liberals taking over our government. TAX and spend. It's the TAX part of that equation that I'm beginning to question. Because we've also heard how Social Security will be running out of money. "Oh, Lordy! Lordy! Help us! We don't knows how we are going to pay for all these old folks if they keep on living!"

So, I've mentioned that we only pay on the first 105,000 dollars earned and I just grabbed some number out of the air for how MUCH we pay. I thought about 10 percent. But no...NO...it's 6.2% of your first 106,800 earned that goes into the social security fund. So, if you make 200,000 dollars a year...you pay 6480 dollars to social security. And if you make 2 million dollars you pay...6480 dollars to Social Security. And if you make 20 million a year, you pay 6480 to social security.

I made less than 106,800 a year. I paid taxes on my FULL salary. Or about 2050 dollars a year into social security. Or about 1/3 what a guy making 2 million a year would pay. Remember HE pays 6480 a year.

Figure out how much you pay...and then...listen to this...

Social Security is out of real money and is now paying people using government backed IOUs...that's because Congress has been borrowing the REAL money out of the SSDI trust fund for years. Remember how Al Gore wanted to put a "Lockbox" around that trust fund? Well, Al "lost" the election...and we put a war-mongering moron in the White House. And Congress took all of the REAL money, spent it on wars and other nonsense and issued IOUs to Social Security.

Here's the thing...they will need to BORROW from other countries now to fund social security. Or so they will tell us. Except...they don't need to borrow. They need to TAX! TAX the RICH! Not any huge amount, either...just 6.2 percent of their entire salary. How much money is that...well...if you make 2 million dollars a year...it would be...124,000 dollars. See the difference there? See how Social Security could be funded? What if we taxed the oil companies 6.2 percent of their profits for the year? WE...WOULD...BE....SOLVENT!

Here's the article for you to read...lest you think I make this s**t up.

http://news.yahoo.com/s/ap/20100314/ap_on_bi_ge/us_social_security_ious

TAX and spend. It's the only way.

Comments

[keswindhover.livejournal.com]

Good points, all. It's a great shame people aren't more angry about it.

[ladyoneill.livejournal.com]

About ten years ago it was projected that SS would run out of money the year I would qualify for it. I was just SOOOOO thrilled.

I don't have a retirement fund, no pension, no IRAs, nothing. I own a house and my salary barely covers my monthly expenses. I don't foresee that changing. Unless I want to work until I drop dead, I'm going to need government assistance and the fact that I've been paying in on SS for 25 years and it won't be there, pisses me off.

So, I'm right there with you.

[rabid1st.livejournal.com]

Here's the thing. The rich corporations need to share the wealth. Obviously, they have decided NOT to share it via a living wage paid to workers and high employment. So, they need to start sharing it via imposed taxation by the people.

We have a feudal system in America...not a free market as the corporate run media and corporate owned politicians suggest. All of this bologne about "toxic assets" and "bailouts" and "putting money to work" is all smoke and mirrors designed to cover up one simple truth...most of the people in America are like you and I...living from pay check to pay check and in debt to our feudal overlords (ie. big banks, wall street and corporate greed).

They want us to invest our money, work for them at paltry wages and in return they offer us...uhm...very little indeed. A free market is based on competition between businesses. But unregulated competition eventually lead to a few winners and at that point we have a corrupt system. This is where we are...at a place where the business do NOT provide quality goods or services or job security. All they do is take your money and your labor and tell you if you don't like it...tough...because there is no other game in town.

It's not like people can just quit their jobs and go elsewhere easily. The people are in debt and over extended on their houses and the kids need new shoes. And shoes only come in one width...if the kid needs a podiatrist because of that...well...that's just another way for someone to make money off of you. I don't see it as that different from slavery...it's just a more polite way of trading your labor on the market...to sell your credit debt and raise your limits...AGAIN.

And then there is the politicians...doing things like this to you...so, of course, you keep working until you die...keep paying out that money to the overlords until you drop in your tracks. We definitely need to change this system. I think we need to start at the community level...see what people really NEED. But also...hire some community inspired politicians...rather than corporately funded ones.