No problem. I am hardcore personal responsibility/libertarian so anything like this is going to be sarcasm.Dude, I do sarcasm.
Your post seemed legit. I've read many times, most of them on this forum, that many have no retirement, nest egg, etcetera, etcetera.
I just ASSUMED the second remark was as serious as the first.
My badd dogg.
Then again, the alternative is to pay rent all your life (paying someone else's mortgage) and never accrue any equity. I'll stick with the mortgage route.Biggest ripoff is buying a house, made with $40K in materials and illegal alien labor, then sold to you for the low low price of only $275K + 30 years worth of interest. Financial slavery for most of your life, yet most people are overjoyed to sign the line and get the keys, with no complaints at all. Work all your life to pay it off, and just when you've made the last payment and are about to retire and relax in your home that you FINALLY own, you die and it gets sold to someone else for another 30 years of payments to the bank.
Payroll tax with no upper limit on collection, the more you make the more, at the same %rate, you pay.If the issue is paying their fair share, would that mean taxing the lower paid people more, since they are the ones getting more out than they put in, on a percentage basis. As someone with a family of four that pay more in federal income taxes, that the budget divided by the number of people times my 4, I pay more than my fair share. Or do you have a different version of fair share? What exactly is your version of "fair share". I find the answers to be interesting when I ask this.
You do understand that the money goes into and out of the same bucket, right? Apparently you don't. Under your plan that guy that has $1 million /per in earned income has 124,000 paid in social security for 40 years, and when he retires he gets $4,000/month capped. If you do the math he gets royally screwed and you see it is just a tax, nothing more. Now another guy makes $40k a year $4960/ year paid in, and gets $1500/month. So one guy pays 25 times as much in and gets a little over 3 times as much out. That would be fair? In real life in a real retirement plan (even a 401k) the guy who pays in more gets proportionately more out, assuming they made they same investments. That is fair. What you believe is just income redistribution from those that worked the hardest and smartest to those that were not as successful doing that. Most would call that socialism.Payroll tax with no upper limit on collection, the more you make the more, at the same %rate, you pay.
This is NOT about income tax it is about PAYROLL tax which is split between the EMPLOYER and EMPLOYEES.