Posted on 05/02/2006 8:30:41 AM PDT by upchuck
That's our family plan in a nutshell.
With 30% Federal taxes on sales plus state sales taxes the drug dealers will make more money in black markets. No need to fear the IRS -- Boortz abolished it -- and state tax enforcement can't compete with the mob.
Al Gore says that's a risky scheme, and who are you to argue with such a distinguished author? He's a 'Rat politician and therefore much more qualified to make your decisions than you are. Just ask the people in his home state of Tennessee, who by their decisive vote in the 2000 Presidential Election made it clear exactly who did NOT deserve to be President.
Imagine a system modelled after Euro style "single payer health care" (now there's a euphemism) but instead of being for universal healthcare, it is scoped to deal with any and all aspects of elder care. And like a national healthcare system, only the wealthiest would have any reasonable alternatives other than leaving the country. I cannot discount the possibility that even such exceptions might be made illegal. The voters really are that stupid. Just wait. About 10 years from now, the Left will be calling for what I just laid out, in order to "contain costs and keep Social Security solvent."
No, they will solve it the same way they did in 1983 when SS went into a deficit. They raised the retirement age to 67, increased taxes, indexed the cap, and forced federal workers to join the system. This time around they will again raise the retirement age for full benefits, decrease the benefits for early retirement at 62 and/or raise the age, revise the formula to compute the annual COLA, and change the way benefits are computed further weighting it towards the lower end of the salary scale. They will also tax all SS. Both parties and the President will triumphantly declare that SS is now fixed and will be solvent forever, just like 20 years ago.
My point is that there is no debt that has been incurred.
Yes there has. The government told people that they were taking money from them for this scam called SS. They would receive benefits in return. Uncle Sam may have spent it on everything else but the lie it told was that the money would be there.
Now, if the government were to say that in 25 years the program will be gone but the tazes will be phased out in that time then there's no real issue. Can you imaging the stock market boom that would occur if everyone out there started investing an extra $3,000 or more a year in the market? Can you imagine the capital that companies could raise to expand? How about the 7.65% tax cut that businesses would get on their payrolls? That would boost earnings and stock value...
and I just woke up from my daydream.
That's a very pleasant daydream!
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