Posted on 01/19/2025 3:55:09 PM PST by SeekAndFind
Over at Gateway Pundit, Margaret Flavin suggests that Elizabeth Warren “continues to display her ignorance,” revealing that she “does not understand how Social Security works.”
She references this post by Warren on X:
When Elon Musk, the richest man on earth, is set to pay the same amount in taxes as your neighborhood dentist, we’ve got a problem.
I’m fighting to get the wealthy to pay their fair share into Social Security so we can increase benefits.Flavin suggests that Warren “seems unaware that Social Security earnings and payouts are both capped.” I’m not so sure about that. In fact, the sheer vagueness of the statement strikes me as rather clever.
Warren fails to mention, of course, that the neighborhood dentist, who may earn, say, $200K annually, would also have his Social Security taxes increased by eliminating the payroll tax cap. And there seems to be a purposefully absent specificity about just whose benefits would be increased. There wouldn’t be much upside, after all, to mentioning that some higher income earners, like the neighborhood dentist, would be excluded from any Social Security benefit increases alongside Elon Musk.
It’s far likelier, in my opinion, that socialists like Warren simply have a knack for crafting bite-sized statements that lack any precise details. In this example, Warren makes a suggestion that the wealthy should be forced to “pay their fair share,” whatever that means. After all, the top 25% of income earners in the U.S. pay 90% of federal income taxes. While that arrangement certainly does appear to be “unfair,” it doesn’t seem that socialists like Liz Warren are framing the victims of that unlevel playing field appropriately.
(Excerpt) Read more at americanthinker.com ...
The author of the article writes in way that suggests he doesn’t completely understand how social security is funded!
Maybe Liz should repay all the taxpayer funds shen grabbed claiming she was a Native American and thenI might respect her … otherwise she is still Lyawatha to me.
Welfare is when you receive stuff that you didn’t pay for, or earn.
I paid into Social Security for decades.
Whatever else one may say about the SS program, it’s not equivalent to Welfare.
Liz is using Wampum-math, and it’s racist to suggest whitey math is more representative of the real world.
“Warren fails to mention, of course, that the neighborhood dentist, who may earn, say, $200K annually, would also have his Social Security taxes increased by eliminating the payroll tax cap.
In the past, the Democrat proposal was to have a window between the cap ($176k) and some other number (maybe $400k). People in that window would still have their tax capped (as if they made $176k, but those above $400k would have to start paying again. So the $200k dentist, in this scenario, would still be capped at $176k.
The reason for the window ($176k to $400k) isn’t to be nice, but instead a huge number of Democrat votes and money come from that group (MAGA tends to be below the $176k) - so nothing but raw politics in their plans.
If Musk pays the same in taxes as the local dentist it is because Congress has passed tax laws that enable earners to shield money through write-offs and tax breaks. Musk, like all of us, take advantage of Elizabeth’s tax laws. If Congress didn’t waste billions of our tax dollars maybe taxpayers would feel better about paying taxes.
Warren is a hard core socialist it’s a party requirement look how many ways they have promoted it.
Without socialism they can’t control keeping the illegals happy.
Liz Warren needs to keep her big nose out of things that she really doesn’t understand.
They got away with it with Obambi’s socialization of healthcare and the no-income-cap portion of Medicare tax.
Whatever else one may say about the SS program, it’s not equivalent to Welfare.
Not unlike the IRS and the ‘Earned Income Tax Credit’ is also a welfare program.
“Whatever else one may say about the SS program, it’s not equivalent to Welfare.”
SCOTUS begs to differ.
L
“Warren is a hard core socialist”
No she isn’t.
Warren is a lazy grifting Power Pig. She does and says anything for personal gain.
She glomed onto the Free Shiite from other people’s money cuz it’s the easiest grift there is.
Her Phony Red fellow traveler Bernie is the same thing.
But your money went to pay the benefits of those already retired. When you retire you will collect a cash flow from those who are working and paying into the system. You have no asset value in what you paid in. In short you don’t own it. It’s not yours! Saying otherwise as many do here doesn’t change that fact. You can’t pass it to your heirs. There have been several federal court and USSC court decisions confirming you have no ownership rights in it. If you are retired, you only get more by using politics to put a bigger bite on those still working. It’s completely dependent on the politics of the day. In theory Congress could pass legislation and take it away - end it with a stroke of a pen! It’s a tax taking from A and giving to B. How that not like welfare?
People who meet the minimum time and contribution threshold receive a higher return on their money than people who meet the maximum thresholds.
That is why the recent Social Security payment increase to public employees with private pensions is so unfair.
Social Security ASSUMES that people who have limited years and contributions are poor, so it pays them a higher percentage.
Social security needs to go away.
Whatever else one may say about the SS program, it’s not equivalent to Welfare.
Except you haven't been paying for your SS benefits, you been paying for your parents' benefits. SS was designed to be a generational wealth transfer program. Your SS benefits will be extracted from your kids' and their generation... So in reality, SS is an old age welfare system.
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