| Re: "Humans 'very likely' making earth warmer" is wrong
On Tue, "no spam" <no@spam.net> wrote:
>Fourth, there is no way the SS system will last much longer. When it
>reaches the point where you have just 2 or 3 workers to support one SS
>recipient AND welfare AND the rest of the other government expenses they
>will just say 'screw this'.
Fortunately there are also self employed paying
into social security. There are a very large number
of people who do pay SS withholding taxes, but they
effectively contribute nothing because they get a tax
credit for having kids.
>There is already a fairly large 'under the
>table' and barter economy going out there that is not taxed now. How large
>do you thing its going to get when 50+% of wages are going to taxes?
It is already 50+ for many people, for very successful
self employed, the tax rate is 33 percent on the amount over
a certain amount, and the self employment SS taxes are
15.3 percent, plus local and state income tax and sales
tax on some things and real estate tax and personal
property tax.
And if they have employees, there is state and
federal unemployment tax, 7.65 percent SS contribution
on all of the employee earnings, plus workers compensation
taxes,
Fabian socialism has been making advances, and
is causing problems with the free economy, and apparently
that is exactly the objective of Fabian socialism.
And because of all this, the artificially high gasoline
prices are have more of an effect than otherwise.
Joe Fischer
|