Posted on 11/25/2019 10:43:08 AM PST by ChicagoConservative27
Mayor Pete Buttigieg wants to raise taxes on the more wealthy Social Security earnings, as part of a plan to save it from bankruptcy, according to a plan released Monday. Buttigieg announced individuals earning above $250,000 (Families earning over $500,000) would face higher Social Security taxes if he is elected president.
(Excerpt) Read more at breitbart.com ...
“Well, just lost the senior vote”
Hardly, very very few seniors make that kind of money. They will still vote democrat.
You hit the nail right on the head. My problem with people who make over 250k a year is that they now vote Democrat and they are the ones who want to tear down out immigration system to get low wage immigrants to lower our wages. And certainly the ones making significaly over the 500k a year are exactly the ones responsible for the slime liar filth that we see in the MSM. They can easily pay more in taxes so my sympathy for them is over.
Do most of you know SS benefits are already being taxed?
...Not many seniors earn over $250k/yr.
That is how it starts...
Obviously they do not...nor do they realize that the threshold is faaaaaaaar South of $250,000
Pete Buttigieg’s doing this to get the inner city black vote...
Step one is turn Social Security into a ‘means tested’ welfare program. Step two is give more to ‘people in need’...
And who will pay for the ‘new’ Social Security Welfare Program? The middle class AND old people who worked their whole lives...
Democrats are trying to shore up the black vote...and they’re using the old tried and true ‘make ‘em dependent’ to do it. Disgusting.
I thought what he was proposing was that folks making over 250k now yearly(500000 per family) and who aren’t retired will see higher SS tax rates taken from them during their working years but maybe I misunderstood.
My Aunt lives on a fixed income and she has to pay, I think Clinton did that.
Yes, which is why I said the bar for this is already low.
THAT makes sense.
I need to snap out of it :)
And all Governors, and state workers.
How about them apples?
Please post any evidence you have of that. I have a close friend who is a legal immigrant. He and his wife spent five years trying to get her mother here WITHOUT any expectation that she’d be eligible for Social Security, and they finally gave up because our immigration laws are stacked so heavily against older immigrants.
See liberal math....250k now is “rich”..”Not paying their fair share”. I paid in estimated taxes to the tune of 100k this year...100k. That is more than the average of 2 two household incomes. I am not paying enough according to this guy. It’s obscene. Liberalism is trying to create some utopia on earth here. It’s Satanic that the slothful, evil and greedy are virtuous in liberal minds.
Any senior with any brains understands the $250,000 annual limit in retirement income will raise little in new revenue and gradually be dialed down to $30,000 or so.
Reminds me of the news clip of Rostenkowski (Chicago Dem, then chrm of W&M during Reagan) getting chased down the street by his elderly constituents for touching some aspect of SS.
Rosty ended up going to Club Fed, but I think was pardoned by Clinton.
I assume he wants to raise FICA taxes on high earners in general, not retirees on social security.
liberal speak says “At some point you’ve made enough money, and you don’t need to make anymore and if you do, we will take it”
obama actually said something along these lines-
This is the guy would could finally drive black voters back to the Republican party.
As others have tangentially pointed out I will more explicitly: if anything, “seniors” would support such a proposal because Mayor Pete isn’t calling for taxes on SS itself, but rather increasing the forced “contribution” into the system of Social Security (ie increases in taxes for those working now). All in an effort to shore up the system we all know is going bankrupt in a few years.
So “seniors” as a group would support it, or any idea really to save the system most now depend on already for income. Hopefully most seniors realize this screws most working class, since the forced contributions will never be seen by anyone working now when they retire.
It should have been overhauled years ago, offering a private option to those who wished to manage their own retirement. Unfortunately that idea was demonized along the lines of “you want people to risk their money in the stock market” playing off the fears thereof.
I don’t know if it can be saved now. Even with this idea. I’m certainly not expecting to see a dime from SS when I retire. I just hope there won’t ever be an idea to nationalize retirement (like there’s such a push now for healthcare) before I die. I’ll consider that a win if I can make it out of here without Uncle Sam telling me “I’ll take over your IRA now don’t you worry about those eeevil stock brokers”.
Make no mistake that is coming it’s just a matter of time. The whole fiat currency system is collapsing. Anyone under 30 now is guaranteed to see it happen. I’m just hoping to check out before that chaos ensues.
“... if he is elected president.”
Not worried about that buddy.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.