bardicverse said: @steven - MY statements are not true? I've witnessed it. What do the democrats promote? Higher minimum wage, more assistance programs for the poor, more grants for urban development. Where does this money come from state by state? The taxpayers, the working class. |
Again, with stuff that isn't true.
First, taxes. Through the '94 senate on, the separation between rich and poor in the US has been shocking. Middle income workers make less now (w/inflation) than they did in 2000. By lowering corporate taxes and tightening the graduated system, the republicans have put the burden of paying for oil wars on the middle class instead of on the stock holders. I'm very sorry, but my practical Democrat and my ideologic day dreamer sides agree.
If we're going to have income taxes, which I would prefer that there weren't, higher taxes should be on dividends, inheretence, commodities profits, etc. and not off the sweat and blood of the workers.
Next, money is all imaginary, it has no real value. It's a piece of paper backed by a politcal science theory (government). I don't think it should be this way, but that is the way it is. The government prints as much as it needs, creating a deficit and devaluing your money.
Deficit spending is important, it's the shock absorber on economic cycles. The problem is that it is out of hand. Either spending has to go down significantly (which it can't as I described above - mob mentality and all... all the bridges to nowhere and pizza parties add up to very little compared to Defense and Social spending) or you have to raise taxes.
Second, it's true, that couples get one check, but it accounts for both spouses. Of course SS doesn't pay for everything - it's not supposed to.
Remember why we have retirement and SS, in the Great Depression they needed it for two reasons: (1) to get rid of workers to open up positions and (2) because older workers were the first to get cut and had the lowest prospects for finding new work. Senior poverty was out of hand. Old people dying in the streets is depressing, so they had to do something to get them out of view. People didn't retire, they used to work till they dropped. The poor were never expected to save for retirement, modern medicine made it so we would live longer than our bodies would be useful.
Also, your parents will probably get more money out of SS than they put in. 20 years at 1500k/month is 360k dollars. 25 years at 1500k/month is 450k dollars. If you make 100k per year and work for 45 years you will put in 1.45% or $65,250, with your employer's contribution that will be $130,500. That would be $276,585.84 to $365,544.70 with interest compounded biannually minus taxes.
(Edit: this also doesn't include food stamps, medicaid, local and state medical assistance, etc.)
It just is what it is.
I would cite regulation, but I know you will simply ignore it.