Quote:
Originally Posted by Tiny
I'm glad to see you finally agree with me that SS/Medicare is a Ponzi scheme.
Before Reagan, people were dragging about 3X more out of social security and Medicare than what they put in. And that's after discounting for the time value of money, between when they put the money in and when it came out. Admittedly a lot of that was because of demographics and when when the programs started up. But is that fair?
Now you drag out 30% more than what you put in. Still a good deal for the people who are currently recipients of social security and Medicare
As to the income inequality, yeah, like I said a couple of pages back, you're really not that concerned with deficits. Rather you believe mainly the tax system should be modified to reduce inequality, regardless of whether the changes make us all poorer. And as Lusty Lad more or less said, you appear to think that 1% of the population can be taxed enough to create a Social Democrat paradise. Do you want to get rid of payroll tax contributions and have the 1% pay for retirement and social security too? Or do you think the politicians have the balls to impose higher taxes on American voters of ordinary means? How do you think that will go over? It won't. You implement programs like the Build Back Better bill in the form proposed by Sanders or Biden and you'll just see the national debt continue to spiral upwards. Because 1% of the population, which is already paying 39% of the income tax, doesn't have enough money to pay for everything.
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You and lustylady just make shit up.
I've posted the actual results of this drumbeat of lower taxes....30 trillion and counting.
I care way more about the deficit than you.
I've pointed out that SS and Medicare haven't caused a penny of debt.
You've sat silent about that fact.
You've sat silent when I pointed out that Reagan broadened his tax base mainly with SS taxes. Which gave the illusion of a balanced budget....which Clinton got undue credit for. Without counting the SS/Medicare surpluses....there was no budget surplus on the discretionary side.
You cats are way ahead of me in micro economics but I understand the macro side because I'm looking at 30 trillion dollar debt.
I have been saying for decades when it started and exactly what the outcome would be. If you lower the taxes of higher income...make up for the majority of that tax loss by raising taxes on the middle class( that is what the SS tax did) then you will increase income inequality. Whether you think that good or bad is indifferent. I'm stating facts. That is wtf happened.
We have been able to cover up this huge shortfall in the discretionary portion of the budget because we ran huge surpluses in SS.
Care to comment on that?
