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Advisor

SS tax. Lots of opinions at SF Forum

What say on this from conservative columnist? http://mobile.nytimes.com/art/999458/28?sub=Sunday.
5 Replies
Highlighted
Senior Advisor

Re: SS tax. Lots of opinions at SF Forum

How much can you give me stupid. Couldn't agree more, starve the beast. The rich can pay for it.

Highlighted
Senior Advisor

Re: SS tax. Lots of opinions at SF Forum

This phrase tells you everything you need to know about social security:

 

"changing the way benefits adjust for inflation"

Highlighted
Senior Advisor

The payroll tax is a specific tax

levied on working Americans for a specific purpose.  The funding of basic retirement benefits for our elderly. It is not part of the ordinary income pot nor the corporate income pot. It is separate for this specific purpose and not to be trifled with like general tax revenues. Congress has give the option to borrow surplus funds from the SS trust fund for the purpose of temporary borrowings which provides a revenue stream of interestincome for the SS trust fund.

 

It is not to be confused with ordinary income revenues nor is it the property of the government. The funds belong to the SS trust funds for the benefit of retirees when they need it.

 

Eliminating the payroll tax would end seniors exclusive rights to the assets of the ss trust fund and government would no longer protect the sanctity of those funds. Clouding ownership rights by commingling SS revenues with ordinary income tax.

 

I think it is a terrible idea, a conservative effort to diminish SS by clouding the ownership and the ability too radically reform benefits. Now seniors have the choice to make congress accountable for THEIR money which they can and should. SS should be beyind the scope of political whims and seniors should have the type of program that they funded. Just because one political party wishes to defund and kill SS, seniors and future seniors ought to make clear that it is not subject to the political winds of today. And they should severely punish those that think other wise.

Highlighted
Veteran Advisor

Re: The payroll tax is a specific tax

Too bad they weren't holding Congress accountable, while they were spending it.

Highlighted
Senior Advisor

Re: The payroll tax is a specific tax


@kraft-t wrote:

levied on working Americans for a specific purpose.  The funding of basic retirement benefits for our elderly. It is not part of the ordinary income pot nor the corporate income pot. It is separate for this specific purpose and not to be trifled with like general tax revenues. Congress has give the option to borrow surplus funds from the SS trust fund for the purpose of temporary borrowings which provides a revenue stream of interestincome for the SS trust fund.

 

It is not to be confused with ordinary income revenues nor is it the property of the government. The funds belong to the SS trust funds for the benefit of retirees when they need it.

 

Eliminating the payroll tax would end seniors exclusive rights to the assets of the ss trust fund and government would no longer protect the sanctity of those funds. Clouding ownership rights by commingling SS revenues with ordinary income tax.

 

I think it is a terrible idea, a conservative effort to diminish SS by clouding the ownership and the ability too radically reform benefits. Now seniors have the choice to make congress accountable for THEIR money which they can and should. SS should be beyind the scope of political whims and seniors should have the type of program that they funded. Just because one political party wishes to defund and kill SS, seniors and future seniors ought to make clear that it is not subject to the political winds of today. And they should severely punish those that think other wise.


Sorry there MR. Kraft. The pay roll tax cut was all Obama. You see how important SS is to his administration. He will sell you out  for a few votes. I made the prediction when it started it would never be ended.