Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Principled
For America to survive as we know her, the income tax must be eliminated.

Couldn't have said it better myself!

Social Security is, and always has been, a PONZI scheme. The fact that it is a government run Ponzi scheme in no way makes it immune to the laws of nature and It WILL fall of it's own weight eventually. There is NO way around it.

9 posted on 10/25/2003 6:42:35 AM PDT by Bigun (IRSsucks@getridof it.com)
[ Post Reply | Private Reply | To 5 | View Replies ]


To: Bigun
They should cancel the Earned Income Tax Credit which is promoted by the left as a rebate of the payroll taxes. It makes no sense to rebate payments into a pension/retirement system yet not decrease their future claims on Social Security and Medicare. They get the same credit for quarters worked even if they don't pay in the tax.

The other thing is that with Medicare premiums growing 10 to 15 percent per year it's only a matter of 10-20 years where retirees pay a quarter or more of their Social Security check just to keep Medicare.
10 posted on 10/25/2003 7:16:39 AM PDT by lchoro
[ Post Reply | Private Reply | To 9 | View Replies ]

To: Bigun
It WILL fall of it's own weight eventually...

Very soon, in fact.

Wage-earners are forced to forfeit 15.3% of their labor value to the govenrment - with a "promise" of returning the money at a 0% return - some decades in the future. Of course, you'll only get the money if you live long enough, and if the money is there (and if the Senate doesn't vote itself so many pay raises as to deplete it!).

Why would it be bad to allow individual Americans to keep 100% of their paycheck, with no federal deductions? They could then spend, save, or invest as they see fit. Why does government think they can do better??? - I know, I know, they don't think so... they just know that they can use the income tax code to steal as much of our money as they want - when they want it.... then they use our stolen money (a great portion of it) to buy votes to retain power.

Ending the income tax would end this power grab.

13 posted on 10/25/2003 9:43:54 AM PDT by Principled
[ Post Reply | Private Reply | To 9 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson