We still pay taxes. We pay state and local sales tax on everything we buy. We pay federal income taxes on interest that our savings earn. Some of us are still working part time to supplement our social security income. You act like we are all getting a free ride.
So kindly tell me what “services” I get from government? Don’t even bother bringing up Social Security b/c I’ve been paying into it since 1955 and if the government wants to reimburse all my contributions PLUS COMPOUND INTEREST, that’s fine by me. They can also quit taxing me on my interest income and I’ll do just fine. Don’t bring up Medicare either because between my Medicare premiums, my supplemental policy to cover the 20% Medicare doesn’t pay, and my Part D drug benefit, I’m paying over $350.00 a month for health insurance. That’s more than I paid when I was working full time.
So spare me your generational warfare.
“So kindly tell me what “services” I get from government(1)? Don’t even bother bringing up Social Security b/c I’ve been paying into it since 1955 and if the government wants to reimburse (2) all my contributions PLUS COMPOUND INTEREST, that’s fine by me. They can also quit taxing me on my interest income and I’ll do just fine (5). Don’t bring up Medicare either because between my Medicare premiums, my supplemental policy to cover the 20% Medicare doesn’t pay (3), and my Part D drug benefit, I’m paying over $350.00 a month for health insurance. That’s more than I paid when I was working full time(4).”
1. The United States Marine Corps for one.
2. SS is not a savings program. You did not PAY INTO IT. You paid for other people’s current consumption, at that time, not your future consumption. I am not retired and consequently paying YOUR SS benefit NOW, so show some respect.
3. Medicare is relatively cheap health insurance for the beneficiary. It is one of those insurances where the beneficiary is not the payee. I am working and paying for your medicare NOW, also. Not 100% but I pay something and get none of the benefit. And i do not want to hear about subsidized flood insurance. I’m opposed to that also.
4. No, when you were working insurance for you COST more than $350/month.
5. There are tax free interest investments. I’m opposed to all tax on interest and capital gains. ALL.
I still say the only tax should be a simple division of the cost of government equally allocated to each citizen - and paid by check. When you die you escape paying.
My parents are paying $650 a month for their "free" health care.