How legalized theft via social security happens:
1. They tax your wages for social security and you also pay income taxes on this money you earned.
2. They do not save and invest the money but spend it via the general revenue fund. Your money is gone.
3. When you start drawing social security they tax it again by calling your money new income.
Al Capone was a petty nickle and dime thief when compared with the federal government.
“When you start drawing social security they tax it again by calling your money new income”
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Similar to when companies pay out dividends with after-tax money the shareholders are taxed again. IOW, the money shareholders receive has already been taxed at the corporate level. Granted that dividends get favorable tax treatment but it remains that there was double taxation.
Absolutely Al Capone had far higher ethics than the govt thieves.
Absolutely Al Capone had far higher ethics than the govt thieves.