It winds up that the president’s wealthy, Northeastern liberal base will go BALLISTIC if he lifts the cap on Social Security earnings (i.e., increases their marginal tax rate by 6.2, right off the top, no deductions or offsets). These are the people that make combined incomes of $200k to $300k and go running around screaming and yelling when the see a cap gun on television. They are CONVINCED that they’re just making ends meet on their income, and given the way they live, they’re probably right. The Republican base, on the other hand, generally doesn’t exceed the earnings cap (as they tend to live in Red States), and thus would be less affected by the move.
That is why this ‘reform’ will never pass.
I think the liberal base is primed to ‘sacrifice for the common good’.
Voltaire said, “Those who can make you believe absurdities can make you commit atrocities.”
I think the liberal base is primed to ‘sacrifice for the common good’.
Voltaire said, “Those who can make you believe absurdities can make you commit atrocities.”