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URL:  http://boards.fool.com/ltbit-is-unfair-for-middle-class-earners-to-26732114.aspx

Subject:  Re: Obama on payroll tax Date:  6/13/2008  11:47 PM
Author:  cliff666 Number:  13417 of 19483

<B?it is unfair for middle-class earners to pay the Social Security tax "on every dime they make," while millionaires and billionaires pay it on only "a very small percentage of their income."

It's plenty fair now because the benefits are capped along with the tax.

Think of it like car insurance. You pay $500/year to cover car X. A really rich person pays $500/year to cover car X. Is that unfair? Should he pay more for the same coverage just because he has more? So why should he pay more for the same SS benefits just because he has more? While we're at it, why not make rich people pay double the sales tax?

Same old Democratic claptrap--there's a whole lot of exploitation of class envy going on.

--fleg

Kinda like it's fair that I pay school taxes when I have no (and never had, never will have) children in school? I actually benefit by keeping their mangy asses off the street for at least a portion of the day. Similar: I benefit by keeping the aged poor off the streets. They are sooooo unsightly!

Don't even start with the sales tax. The poor pay a much higher percent of their income on sales tax than do the rich.

cliff
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