Post by RS Davis on Mar 11, 2004 5:56:38 GMT -5
[glow=red,2,300]W. A. "George" Hale Wrote:
[/glow]The Social Security System is now, forever has been, and forever will be a system where money is taken from people who work and given to people who do not work. It is also one of the most incredible cons ever perpetrated on a citizenry. It is fraught with mistruths, as well as built-in psychological aspects that have so cleverly perpetuated its misconceptions.
If you want to hear desperation in a person's voice, confront him with the notion that his employer is not really picking up half his FICA tax burden; rather he is suffering the entire expense out of the sum his employer is willing to pay for his labor. Nobody wants to believe that. One can hardly blame them.
There is no retired millionaire anywhere, upon receiving his $2800 Social Security benefit check and as he is spending it on green fees each month, who is psychologically prepared to accept that it requires a combined 14.21% taxation on ten $2000/month fry cooks at Denny's to fund his benefit check. He will cling to the myth that his benefit check is simply a return on the investment of all those Social Security taxes he paid while he was working. One can hardly blame him.
Try explaining to a fry cook at Denny's what his true FICA tax rate is, and where his FICA taxes are really going. No, on second thought, don't do that to him.
As Aunt Josie struggles each month, after cashing her $750 Social Security benefit check to pay for her housing, her heat, her medicine, and, with whatever may be left, her food, it would be cruel to point out that her successful nephew Jamie, the $435,000 per year tax lawyer, is only helping support Social Security with a measly 3% FICA tax rate
It might also be a good idea to explain the situation to Jamie. He, too, would resist the truth, but perhaps he would understand enough of it to be willing to go help poor old Aunt Josie once in a while.
[/glow]The Social Security System is now, forever has been, and forever will be a system where money is taken from people who work and given to people who do not work. It is also one of the most incredible cons ever perpetrated on a citizenry. It is fraught with mistruths, as well as built-in psychological aspects that have so cleverly perpetuated its misconceptions.
If you want to hear desperation in a person's voice, confront him with the notion that his employer is not really picking up half his FICA tax burden; rather he is suffering the entire expense out of the sum his employer is willing to pay for his labor. Nobody wants to believe that. One can hardly blame them.
There is no retired millionaire anywhere, upon receiving his $2800 Social Security benefit check and as he is spending it on green fees each month, who is psychologically prepared to accept that it requires a combined 14.21% taxation on ten $2000/month fry cooks at Denny's to fund his benefit check. He will cling to the myth that his benefit check is simply a return on the investment of all those Social Security taxes he paid while he was working. One can hardly blame him.
Try explaining to a fry cook at Denny's what his true FICA tax rate is, and where his FICA taxes are really going. No, on second thought, don't do that to him.
As Aunt Josie struggles each month, after cashing her $750 Social Security benefit check to pay for her housing, her heat, her medicine, and, with whatever may be left, her food, it would be cruel to point out that her successful nephew Jamie, the $435,000 per year tax lawyer, is only helping support Social Security with a measly 3% FICA tax rate
It might also be a good idea to explain the situation to Jamie. He, too, would resist the truth, but perhaps he would understand enough of it to be willing to go help poor old Aunt Josie once in a while.
- Rick
