this enormously thoughtful man
Enormously irresponsible, you mean. When asked about the inverse relation between the cap gains tax rate and the cap gains tax revenue, all Obama wanted to talk about was punishing the rich.He thinks the little guy would rather see the fat cat suffer than to ever be able to retire himself. Where does Obama think the money is gonna come from to retire the Treasury's debt to the Social Security Trust Fund when the Retirement Boom starts to call that debt in? IMHO it won't come from anywhere - instead, the retirement age for collecting Social Security will be increased to limit the burden on the Treasury.
Raising the retirement age to 75 would after all slash the cost Social Security - and by the time the Baby Boom is fully retired, there will be no choice but to slash the cost of Social Security.
Bingo! - As I've always said:
taxes don't hurt the rich, they keep you from becoming rich |
Raising the retirement age to 75 would after all slash the cost Social Security -
Might as well raise it to a hundred.