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To: Kaslin
We should also be aware that Social Security taxes are paid just up to $113,700 in income. After that you are free. So Social Security is clearly biased against wealth accumulation of lower income individuals.

I have to laugh at the unmitigated liberal gall of this statement. SS is a mix of a defined benefit and a defined contribution plan. You pay an amount based on your payroll amount, and the amount you receive at retirement is based on that amount. Of course, there is a basic minimum where contributions that have amounted to pennies will still net the retiree something. Were SS to keep on taxing income with no limit, the logical outcome would be no limit on SS income based on contributions, right? No, the poor would find another way to say "it isn't fair."

The truth is that these leeches want it both ways. They want little or no contributions and equal, high payouts. Impossible liberal scat. Sure, this author wants the "opt out" ability for low-incomers. More money to save....more money to piss away. In the end, they will clamor for a SS benefit even though they didn't contribute.

It is all a moot point anyway. Our pResident is making sure that the finances of this country will be impossibly screwed no matter what one does. The only recourse will be to confiscate ALL retirement accounts and assets and 'redistribute' them.

5 posted on 09/02/2013 4:08:37 AM PDT by Gaffer
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To: Gaffer

Star Parker is clearly not a genius.


28 posted on 09/02/2013 7:48:32 PM PDT by Impy (RED=COMMUNIST, NOT REPUBLICAN)
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