[Two Bills]

Originally Posted by golfing eagles

I guess I was half right----the thread has turned political, yet it lives on.......

Or only half wrong!

[waterflower]

The IRS is a private corporation, registered in P.R. The funds are transfered to the crown-City of London & the Vatican Bank. We get a very small portion of those fund collected by the collection agency. Let's audit the IRS then we can talk. United we are strong-Divided we are weak.

[sdifede313@aol.com]

Good luck with all that! The most radical financial indicators of taxation on wealth is the “plan” Senator Warren had proposed “ tax earnings on IRA’s - unrealized “ as a way to “make them pay” their fair share. Dems will eventually destroy this nation.

[Two Bills]

............and here we go!

[Cheapbas]

Originally Posted by Michael G.

Similar to "Our Entitlement" instead of calling it "Social Security"

Social Security is not an entitlement.

[dewilson58]

Originally Posted by Cheapbas

Social Security is not an entitlement.

Actually it is...........by definition.

Some people are offended by the word, but it's accurate and correct.

[Andyb]

So how many people do you think have $103,000 lying around to pay for wasteful spending? Hope you were joking?

[retiredguy123]

Originally Posted by Cheapbas

Social Security is not an entitlement.

Social Security is a cleverly disguised wealth transfer system. If it were optional, it would disappear.

[Nordhagen]

Originally Posted by Robbb

In the US, its a political term justifying redistribution of wealth. It's a concept not an amount. The basic premise is life is not fair until will are equally poor.

Except the ruling class, of course.

[Nordhagen]

Originally Posted by Andyb

So how many people do you think have $103,000 lying around to pay for wasteful spending? Hope you were joking?

Even if we all paid it, the politicians would just do it again.

[villager7591]

Since a l-e-f-t-y said it, you could pay 100% and he would want more...

[Dusty_Star]

Originally Posted by shaw8700@outlook.com

And remember the rich can live anywhere they want. Remember Roger Moore? He had to live in Switzerland because Britain charged him so much tax!

As did Mick Jagger & the Rolling Sones, they went into tax exile in the 1970s because the UK tax was so high on their earnings. I think it has improved since then, but it was high.

[villager7591]

Disagree. SS is a personal savings account for each individual paying into it. Signed into law in 1935, shortly after The Great Depression, our Gov't. assumed that citizens were too stupid to save 'for retirement,' so it created SS. If I live long enough, I will get about 1% on MY money.
SS is MY money, not an entitlement.

[Bill14564]

Originally Posted by retiredguy123

Social Security is a cleverly disguised wealth transfer system. If it were optional, it would disappear.

Given that I will likely get more out of Social Security than I put into it, just who is the wealth being transferred from?

I could support the suggestion that it is a Ponzi scheme.

I agree that many would not contribute to Social Security if it were optional but there is no doubt in my mind that many would then find themselves either destitute or working until the day they die. I believe it is the mandatory aspect of Social Security is keeping many people fed today.

What is my "fair share?" Some feel my fair share is more than what I have been taxed. I feel my fair share should be less than what I have paid.

[Cheapbas]

Originally Posted by dewilson58

Actually it is...........by definition.

Some people are offended by the word, but it's accurate and correct.

Entitlement is a right to something, but in this case that right only exists because its beneficiaries spent their entire careers paying into it.

The context that is being pushed politically is it’s a freebie and it’s clearly not.