So explain why you think I should be forced to pay more out of my salary into the “Social Security System”?
Unlike a private retirement account or annuity, Social Security is not an investment fund and Congress could end payouts at any time, with no liability to any taxpayer for reimbursement. It’s an income transfer program; the money goes in and is spent immediately. You’re paying taxes without creating any legally guaranteed equity or assured return. It’s a fraud, or a mirage to be generous.
Let me keep the money I earn, so I can invest in a REAL retirement account.
The fact that Obama and Reid are for a tax cut doesn’t mean I’m going to say “no” to keeping more of the money I earned for myself and my family. If Obama and Reid told you your nose was pretty, would you cut it off to spite them?
For people who are retired or near retirement this “payroll tax cut” will make the system become insolvent sooner. It will also make the problem more difficult to fix.
If the elderly have their Social Security income taken away do you really think the politicians will not blame people such as you and I and call us greedy and demand to confiscate more of our hard earned money?