colfax_m
Diamond Member
- Nov 18, 2019
- 38,988
- 14,843
Those who paid into SS for 40 years had plenty of money left over after they paid for the generation ahead of them. The leftover funded the government. Their income taxes were lower as a result.We are not talking about SS. We are talking about federal income tax.
And the retirees who are getting SS now? They paid in for 40 years while the generation ahead of them collected.
Now thanks to the anti-elderly socialists, they are demeaned as takers while the affluent professionals ar the ones being excused from paying taxes.
Warning: you will be old one day, and you won’t like having to pay taxes on your modest income while families are getting $10,000 a year - either direct handout or a credit against their taxes.
Now SS no longer covers them so our income tax does. Our income taxes are higher as a result.
It's essentially wealth redistribution.