re: Payroll Tax Should Be Eliminated Permanetly

So how do you want to go about taxing money that’s already been taxed before? Just keep taxing it until it’s gone?

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Yes it is a scam , I could do better with MY money.

So what ?

Do you drive down the road tossing cash out the window ?

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Again, it’s not a retirement account and not an investment. You'll need one of those also. Go do better with your money with your retirement account, for social security it is a safety net there in case you lose everything. It's to catch Americans so that when they get older if something happens there's a net to catch them so that they don't hit the absolute bottom with nothing and end up having tons of homeless old people on the streets.

That’s not a scam.

You build wealth from taxable earnings then you’re wanting to tax it again as a wealth tax. How many times do you want to tax the same money?

For those wanting to do away with SS the way it would have to work is you’ll just have to view the money already paid into as a sunk cost and won’t be getting it back. There's not a SS bank account for you that you can withdraw your funds, it’s setup so that everybody's contribution to the pot goes out to all the recipients.

And to be honest if we did away with it we’d have to pick an age that’s young enough to save for retirement (say 40) and we’ll call that the Fricked Generation. They’ll have to keep paying SS to support all the old fricks who depend on it but would have to be of the understanding they’ll never receive a dime.

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Nah kid I’m not on here living a lie like you. It’s amazing how y’all claim to be what you aren’t.

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Nah, you do that on the MSB instead, which is really where you should stay.

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So you’re going to have to liquidate assets to pay tax on them? What if “wealth” is tied up in the stock market? You gonna pay a tax on an imaginary number that fluctuates daily?

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If you have to. I'm all about lowering barriers to starting businesses and creating wealth.

Agreed. It should be set on fire and gone.

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I’m fine with this if I get even 50% of the money I paid into it.

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If Trump defunds SS and Medicare, how exactly do you propose to get anything?

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Social Security is a fricking scam. They take it from our checks, tell us at what age we can start to withdraw it, tell us how much of OUR money we can get every month and the worst part is , when you die your family only gets a $256 death benefit even if your account has several hundreds of thousands of dollars in it.

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Hell yes it is. My father died a few years ago at 67. In a fair system my mother SHOULD get to draw both his and her SS. Nope, she only gets whichever one is higher and that's it. So if my fathers SS was 609 a month, and my mothers was 580 a month she'd get a 609 check not 1389 which she should because they both worked their whole damn lives and paid it in.
Now, another lady who lives down the road never worked an MFing day in her life. Never paid a dime in SS. Her husband died at age 68, and she gets to keep drawing his entire SS check. So, the lady that didn't work a day in her life could possibly draw more than my mother who worked for 40 something years. Bull f'ing shite. Just give me my damn money.