this post was submitted on 27 Mar 2024
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The fix is simple, just raise taxes! I pay enough in taxes, I pay for my fair share. I would rather end social security and have a private retirement account. Increasing my taxes, once again just shows what a scam it is.

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[–] [email protected] 12 points 7 months ago (3 children)

Larson’s proposal would extend the standard 12.4% payroll tax, which is levied this year on all wage income up to $168,600, to income over $400,000, leaving an income gap that would be narrowed over time. Larson would also levy the payroll tax on investment income over $400,000; that income is currently not taxed at all.

If you make less than 400,000 a year you would never see a new dime of taxes and social security would be solvent for your lifetime even with an increase in benefits.

I wonder if anyone screeching about “my taxes” concerning this approach even makes over 400k YEARLY.

It sounds like the raising “my taxes” bit is a lie, often repeated by people who are not so rich as to be affected. At best the argument is “I am selfish so fuck you”

At worst it’s a deceitful argument that ignores how easy it is to continue a program that is the main thing keeping the elderly out of poverty.

The same group of old people you will likely fall into if you’re making less than 400k a year these days…

[–] [email protected] 9 points 7 months ago

Had a meeting with a financial advisor to discuss investments to secure longterm security today. One of the things he mentioned, which I had not considered, was investing in companies serving the aging health sector. But that's beside the point, just thought it worth mentioning as it tangentially fit what you said.

Raise taxes. Taxes pay for things. You know how you're mad that live is getting shittier in the USA? Giving tax windfalls to the ultra rich and corporations is one of the reasons for that. Reagan poisoned the well on government or taxes ever creating a benefit and we've been stuck on this party line ever since.

RAISE FUCKING TAXES.

[–] [email protected] 8 points 7 months ago

I have made over 400k several times, but not every year. I'd be very comfortable with that extra tax. They should definitely do it.