Solution for Social Security funding.
The cap limit for payment into SS is $176K (2025), raise it to $500K.
The Oligarchs who run this country have no idea how many folks depend on this when they retire.. or maybe they don't give a shit.
"Let them eat cake" seems to be the prevailing attitude..
In the 1970s there were only 5 billionaires in the United States now there are over 800. Musk made more in a week this fall than the entire net worth of Warren buffett. Absolutely insane.
If we tax the rich too much we wouldn't have any more billionaires! This would be bad because *looks at notes* huh, I could have sworn I wrote something for this.
Apparently we used to tax 90% for the portion of incomes that fell into the top tax bracket back in the 40s-64, then they dropped it to 70% until Reagan was in office.
Itβs 37% now
I like to think that millions of rich people realize that they will do better by paying taxes than by letting the poor pay them instead. The Keynesian dynamic doesn't work too well when you tax money before it makes the rounds.
but if we do tax the rich more won't they have to charge us more for our air and water and stuff so they can pay the tax without impacting their fortunes? π
Comments
Tax privacy laws do not encourage compliance.
You'd be surprised how many "You're wasting my tax dollars" people. Don't actually pay tax dollars.
The cap limit for payment into SS is $176K (2025), raise it to $500K.
The Oligarchs who run this country have no idea how many folks depend on this when they retire.. or maybe they don't give a shit.
"Let them eat cake" seems to be the prevailing attitude..
They're free to leave if they want.
https://youtu.be/Wh3t49NsWBA?feature=shared
Itβs 37% now
https://youtu.be/cavfvhY7PN4?si=nz9lmSxc2AXAMp6L
We need better public policies to ensure the middle class survives.
Eating them however, now that's a real solution. It would take 64 days to co.pletely absolve all billionaires from this country with this method.
No more billionaires no more problems.
What Clarence Thomas does is illegal. He does it anyway.
Feed the poor
Till there are no
Rich no more
That's not the point of billionaires, Jake.
https://youtu.be/JwVCF4S3erE?si=MAT2uKxX7xR9bFiG