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To: Kansas58
Boy, you are dense. The Heritage article provides the data to show why lifting the earnings cap entirely would be an economic disaster and would only extend SS solvency a few years. I am sure the Dems and Obama are well aware of that, which is why none of them have recommended it.

Your unequivocal prediction that the cap will be removed entirely is absurd and nonsensical.

69 posted on 06/07/2009 3:18:36 PM PDT by kabar
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To: kabar
YOU are still confusing two very different issues.

The earnings cap might well be removed, entirely, by a Congress and a President which seek to “spread the wealth around” and by a President who says that the Supreme Court has not been used effectively, yet, as a “redistributionist” tool.

Most of the money, in this country, is held by those over 65.

The LEFT wants to “soak the rich” so of course taxing the SS benefit is a route to take, in that regard.

Furthermore, liberals do NOT believe much, in the incentive power of tax law.

Obama, HIMSELF, when confronted with the fact that the Reagan tax rate cuts INCREASED Federal Revenue, basically admitted that he did not care. He did not think it fair for the “rich” to keep their earnings, even if punishing the “rich” hurt the entire country.

Therefore, You and I and the Heritage Foundation might well agree that removing earnings cap, at which earnings are no longer subject to SS taxation, is a bad idea -— but that is not relevant at all, is it?

We have a President who DOES NOT CARE about the capitalist incentives built into the current system.

We have a President who wants to PUNISH achievement and PUNISH the “rich” -—

Therefore, removing the cap on W-2 earnings, as well as making 100% of the SS benefits taxable, as well as increasing the “means testing” of Medicare (Which actually serves to reduce SS payments” ALL are in the mix, big time!

We WILL move in the directions that I have predicted, even if we do not get there, all at once.

You are in denial, and I can not help you get out of your delusions, it seems.

There is not a snowballs chance in hell that these systems will move towards “privatization” and “fixing” these programs is not really the FULL agenda of Obama ANYWAY!

Obama and Rahm go by the credo, “Never let a crises go to waste” -—

They used the financial melt down as an excuse to take over the banking industry, the investment industry and the auto industry.

DO NOT BE SURPRISED if Obama uses the SS and Medicare crises to “SPREAD THE WEALTH AROUND” and INCREASE TAXES!

It is NOT Obama’s objective to fix anything.

It is Obama’s objective to break the back of capitalism!

70 posted on 06/07/2009 3:36:42 PM PDT by Kansas58
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