It sucks, yes, and it also sucks to be a Millennial facing student debt in amounts that my generation never faced. That problem is taking us toward a level of unfairness that dwarfs the SS taxation, IMHO, just as inevitably. What do we tell the ones who worked their way through school or have paid their student debts when we erase those of their peers with a wave of the magic federal wand? (Aside, of course, from "Sorry for tanking your economy.") A "fair" solution to that one appears to me to be just as unreachable. I would be grateful for correction on both topics.
They dont tax up to 25,000.00 a year!!!
It's a well established and simple rule of government:
"You have some money. Give it to me."