Tax Package Will Aid Nearly All, Especially Highest Earners

[Captain Morgan]

Originally Posted by goof2

I see what you are saying but I think we disagree about the ultimate outcome. You think the system will be salvaged and lowering SS withholding makes that more difficult. I think the SS system is doomed to failure so less money going in to a system that will not be there when I'm supposed to collect is actually a good thing.

Actually, I think we agree that the system will be broke by the time we get there. I also agree that less money coming out of my check for a system that is doomed to fail will be better for me. I'm going to take that extra little bit of my check and pay down debt, which is a good thing for me.

However, my point was that our government is so stupid that they don't even recognize the flaw in what they've done. I don't see how they can complain that SS needs to be fixed or it will go broke, then decide to decrease the amount of money they're putting into the system. The way this country is being run, I have to wonder how much longer it will last.

[goof2]

Originally Posted by Captain Morgan

Actually, I think we agree that the system will be broke by the time we get there. I also agree that less money coming out of my check for a system that is doomed to fail will be better for me. I'm going to take that extra little bit of my check and pay down debt, which is a good thing for me.

However, my point was that our government is so stupid that they don't even recognize the flaw in what they've done. I don't see how they can complain that SS needs to be fixed or it will go broke, then decide to decrease the amount of money they're putting into the system. The way this country is being run, I have to wonder how much longer it will last.

The problem as I see it is most in government do recognize the flaw, but they don't care as long as the voters either don't recognize or care about that flaw. Retirees who recognize it still don't care as long as their checks keep coming. Gen X and Y people who recognize it still don't care because those of us paying enough attention to notice this think the SS system will collapse long before we are able to collect anyway. About the only people this kind of thing matters to is boomers and there aren't nearly enough of them who recognize it and vote to make the politicians care.

Paraphrasing a statement mis-attributed to de Tocqueville, "The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money."

Welcome to entitlement programs in America, and from what I have seen the majority of the public is more than happy to be bribed.