Saturday, March 29, 2014

Gererational War on Social Security - Taking Social Security away from our elders. The war is on.

RAISE THE LIMIT to keep Social Security solid for the next 75 years!  Presently, SS is taken out on the first 110,000 of income.  So Billionaires and Millionaires are not paying any more than you and I.  The wealthiest are making a killing as we can see with income inequality.  The least they can do is pay Social Security Tax on income up to 300,000 and it will keep the system solvent for many years to come.

...generational warfare cheerleaders are proclaiming that America is heading toward an epic and immoral conflict as better-off seniors are robbing millennials of shrinking federal dollars because retirement programs cost too much. That’s simply false, as Social Security is solvent through 2033, and spending on all mandatory programs as a percentage of GDP is close to where it’s been since 1975, at 21 percent.

http://www.alternet.org/economy/how-deficit-hawks-are-trying-pit-millennials-against-seniors-attack-social-security-and?akid=11656.294211.-DzRZz&rd=1&src=newsletter976247&t=6

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