"This bill shows that Social Security is fully affordable—as long as the wealthiest among us pay their fair share," said one advocate.
“This bill shows that Social Security is fully affordable—as long as the wealthiest among us pay their fair share,” said one advocate.
Legislation recently introduced by a pair of Democratic U.S. lawmakers to save Social Security for generations to come would extend the vital social program’s lifespan by at least 75 years, according to a federal analysis published Tuesday.
I agree. Politicians like to throw in the term “wealth” to create class division and evoke enough emotion to help push their agendas thru. Also, the 400k universal threshold doesn’t make a whole lot of sense…someone making 400k in Mississippi is much better off than someone making 400k in California. What’s considered a ‘fair share’ is hard to quantify, but definitely taxing capital gains equally is a good place to start.
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This isn’t a wealth tax, it’s a tweak to income tax.
The rich don’t gain wealth through income.
Capital gains should be taxed at least as hard as income.
I agree. Politicians like to throw in the term “wealth” to create class division and evoke enough emotion to help push their agendas thru. Also, the 400k universal threshold doesn’t make a whole lot of sense…someone making 400k in Mississippi is much better off than someone making 400k in California. What’s considered a ‘fair share’ is hard to quantify, but definitely taxing capital gains equally is a good place to start.