| Re: "Humans 'very likely' making earth warmer" is wrong
>>>> 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.
>>
>> My point still stands. The system can not be supported much longer. The
>> drain will be just too much.
>
> You fools have been claiming that for decades now. It carrys on
> regardless.
Because the numbers don't lie. Demographics show that the number of
retirees will soon be near equal to the number of tax payers. Right now it
is limping along on life support by sucking money out of the general fund
because the dems sucked the SS fund dry many years ago.
BTW, do you know why the retirement age was set at 65? It was because the
average life spand was, IIRC, 62. That meant that most people were supposed
to die before they could get any money. IOW, it was set up by FDR as a
money maker for the government.
>
>>>> 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,
>
>> True but when Joe Smuck can look at his pay stub and see he's only
>> bring home $1 out of every $2 he's worked for I think things will change.
>
> Have fun explaining why it didnt in europe when that happened.
It is happening. Look at France and Germany. The had RIOTS because the
government is trying to trim back some of the goodies the government gives
out because there's not enough money to pay for them. And this with the US
paying for most of their defence from the 40's.
> And it wont get to that rate in the US anyway.
Why not, is there going to be a big die off of old people?
>> For one thing if he's getting that big of a shaft
>
> Wont happen, you watch.
I will be. There's a chance that what will happen will make the retirement
problems in the former USSR look like a mild recession.
>> think how much the people you are talking about are getting.
>
> Neither will that.
>
>> They'll have to raise the top tax rate to 90% again.
>
> Not a chance, you watch.
yeah and the income tax will only be applied to the top 1% money makers and
your SS number will never be used as a ID number and he never had sexual
relations with that woman and man will never fly. . .
>
>
|