Posted on 02/08/2005 7:05:07 PM PST by FairOpinion
Majority say high-income earners should pay Soc. Sec. tax on all their wages and get lower benefits.
Wealthier Americans should take the hit to bolster Social Security, according to a new CNN/USA Today/Gallup poll conducted over the weekend and released Tuesday.
More than two-thirds of 1,010 adults contacted between Feb. 4 and Feb. 6 said it would be a "good idea" to limit benefits for wealthier retirees and to make higher income workers pay Social Security taxes on all their wages.
Meanwhile, 55 percent think President Bush's proposal to allow future wage-earners to invest some of their Social Security taxes in private investment accounts is a "bad idea."
But 64 percent agree with the president that the system will be "bankrupt" by 2042 if major changes aren't made.
(Excerpt) Read more at money.cnn.com ...
Note it's a poll of "adults", NOT voters -- for all we know, they polled illegal aliens, or what ratio is registered voters, and what party. They probably polled people in the welfare office, who don't want to lose their SSI checks.
Welcome to communism/socialism. The idiots don't understand, that if you take everything away from "the rich", nobody will end up with anything. All they have to do is look at where E. Europe and the Soviet Union ended up.
I can't wait to get me my portion!!!!< / sarcasm >
Sure looks that way. I wonder if they targeted an age bracket, like....70 and older.
Ah yes. Wealth redistribution. NJ already gets to practice this. Socialism at it's finest.
::grrr::
That was my first thought.
Why stop at social security? Why not ask the people if the rich should pay for every government program?
Yeah, sounds like socialism to me.
smells like bullsh!t to me....
I heard something on a local talk show tonight that I wasn't aware of re: SS
According to this person, if you start taxing all or most of the income of the wealthiest people, poor people would have less money available--it was explained that the amount a person gets when they retire is based on the taxed income of the last 10 years they worked, if you make 250,000 a year and are taxed on that amount, your check will be a percentage of THAT amount instead of the 90,000 that it is now.
In order for wealthy people to get LESS you would have to totally change what the Social Security Act was actually intended for when it was first started---it was to be an insurance for people, not welfare where you redistribute wealth from wealthy people to poor people. That is why they put the 90,000 limit on it, so that rich people WOULDN'T GET HUGH CHECKS FROM SS--
Did I explain that where ya'll could understand--?
You must remember this: In Ratspeak, anybody with a job is rich.
There are a lot of people who make a hell of a lot more than I do. So what? This class warfare is communism at it's best. I'm responsible for planning for my future, nobody else!
The wealthy already carry the major portion of the load. Enough already!
How about we cut some damn government spending!
i also heard on a different show this morning, that if a person in their 20's got on the program most discussed and the economy stayed the way it is (or close to it)--that person would have 1 million dollars accumulated by the time they retired---sorry, I didn't hear what age they had them retiring at---
Does that sound reasonable to you guys? If so, heck I know both my 20 something children would looooove that!
I bet that 100% of people polled would prefer money grew on trees, too.
When they pay it back to me, they tax me again on it, and now these bozos want to increase that tax.
I probably won't have to worry about that. They'll decide I'm too rich to get anything back from Social Security.
ROTFL... you're KIDDING!!!
POPULISM IS POPULAR!!!
NO!!!!!
NO WAY!!!
YOU'RE KIDDING!!!
Truth is.. it would work.
FOr a few years... then the inhibitaion on the US economy would cause a MASSIVE recession and transfer of SUPERPOWER to another, less restricve nation that "steps up"
(despite the never ending idealism of liberals general socitiety DOES NOT bust their ass for 'the betterment of mankind')
Hear! Hear!
I just don't get it.....why should those people who have taken the time to plan for life after xxyrs. be penalized for it. I just don't get it. It's been beat into my head since I was 18 that SS would not be there.
So invest in 401K, IRA, invest, invest, invest.....now that I've got to a point where being retired doesn't look so big, bad and scarey....Ya'll want to take it away from me....and give it to somebody else.
Hmmmm....."From my cold dead hands."
What these morons fail to realize is that at a certain amount of taxation, people will STOP producing income.
Could I right now work another job in addition to the 60+ hours a week I already work? Sure...but why?
I already pay 38% - 40% federal and state taxes...it just ain't worth it.
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