Andy: The problem with a flat tax is that we'd all be painyg more than 30% of our wages in order to get the same in tax receipts that we get now. That's simply how rich the upper class has gotten. That's exactly where my argument with Social Security lies. If we made it into a flat tax with no cap, we'd all be painyg less than 2% to obtain the same receipts as we receive now. I'm also not sure I follow your logic. I favor making Social Security into a true social welfare program. People who have worked hard for their money should have money put away. That is how they benefit. Plus, everyone making under $400,000 a year (including you) pays less into the fund. I'm a firm beleiver in the mantra that as I earn more money, more of the burden of taking care of society must rest on my shoulders. Social Security if flawed because it doesn't follow that mantra. It follows a tricle down philosophy mired in supply side economics, and I think it stinks.
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Andy: The problem with a flat tax is that we'd all be painyg more than 30% of our wages in order to get the same in tax receipts that we get now. That's simply how rich the upper class has gotten. That's exactly where my argument with Social Security lies. If we made it into a flat tax with no cap, we'd all be painyg less than 2% to obtain the same receipts as we receive now. I'm also not sure I follow your logic. I favor making Social Security into a true social welfare program. People who have worked hard for their money should have money put away. That is how they benefit. Plus, everyone making under $400,000 a year (including you) pays less into the fund. I'm a firm beleiver in the mantra that as I earn more money, more of the burden of taking care of society must rest on my shoulders. Social Security if flawed because it doesn't follow that mantra. It follows a tricle down philosophy mired in supply side economics, and I think it stinks.