The discussion was about the deficit and how it can be so distorted in future projection due to unintended consequences and unforseen circumstances and I wanted to point out that they've plugged a lot of the data gathering gap with the PA!
No, I'm not negative on the act, just think it's too clever by half as a way to sneak better revenue enforcement into the future, without upsetting the populace. I get pist having to fill out more dang forms and asking to see photo ID and keep more records for the benefit of the danged government. That's all that's being a burr under my saddle.
I'm not a Libertarian, but we're becoming more of a "snitch" society than the USSR was and I don't want my country to become the USSA!!!
Why $255.00 per month? Social Security taxes are 7.65% of the first $85,000.00 of income, roughly. I assumed $40,000.00 yearly income - take 7.65% you get $3060.00 - divide by 12 = $255.00.
My gut feeling is that the mid-cap retirement would vastly outperform what you would expect from Social Security. Of course, your retirement account doesn't have to pay for alcoholics on disability, or any of the other myriad social engineering experiments.
We are living in an era where the socialist "thinkers" of the 1930s and 1940s and their spiritual descendants have succeeded in introducing so many insanities to our body of laws and inane regulations that most of us have lost faith and trust in our government's ability to do its job.
For example, if you live in California, and want to go to college, you pay resident tuition. If you are an American citizen, but decide to move to Sacramento from Reno to go to Sac State, you must pay a much higher non-resident tuition. Now here's the insane part. If you sneak over the border from Mexico and enter California illegally to go to college, you only have to pay resident tuition. There are many more examples, this is just the latest on my mind out of a list that would be over a thousand pages long.