No. Okay moving on.
Permanently ending the payroll tax is not necessarily a threat to Social Security and Medicare
What CNBC fails to report is, if the payroll tax were made permanent, leaving money in wage earnerâs pockets, a small excise luxury tax, maybe 1 or 2 percent, could be placed on specifically selected articles of luxury, which ordinary people cannot afford, to make up the difference, e.g., how about placing a luxury tax on those commercial grade refrigerators, and that outrageously priced ice cream which Nancy Pelosi boasts about?
Of course, this is what Hamilton talks about in Federalist No. 21:
âThere is no method of steering clear of this inconvenience, but by authorizing the national government to raise its own revenues in its own way. Imposts, excises, and, in general, all duties upon articles of consumption, may be compared to a fluid, which will, in time, find its level with the means of paying them. The amount to be contributed by each citizen will in a degree be at his own option, and can be regulated by an attention to his resources. The rich may be extravagant, the poor can be frugal; and private oppression may always be avoided by a judicious selection of objects proper for such impositions. If inequalities should arise in some States from duties on particular objects, these will, in all probability, be counter balanced by proportional inequalities in other States, from the duties on other objects. In the course of time and things, an equilibrium, as far as it is attainable in so complicated a subject, will be established everywhere. Or, if inequalities should still exist, they would neither be so great in their degree, so uniform in their operation, nor so odious in their appearance, as those which would necessarily spring from quotas, upon any scale that can possibly be devised.
It is a signal advantage of taxes on articles of consumption that they contain in their own nature a security against excess. They prescribe their own limit; which cannot be exceeded without defeating the end proposed, that is, an extension of the revenue. When applied to this object, the saying is as just as it is witty, that, "in political arithmetic, two and two do not always make four .ââ If duties are too high, they lessen the consumption; the collection is eluded; and the product to the treasury is not so great as when they are confined within proper and moderate bounds. This forms a complete barrier against any material oppression of the citizens by taxes of this class, and is itself a natural limitation of the power of imposing them.â
JWK
Yes, I know - they use hard stuff like math and economics. Not everyone goes by more objective stuff like their gut, or what Papa Trump told them
It continues to amaze me how often this OP keeps saying âWith Biden unlikely to finish a termâ when the CURRENT PRESIDENT HAS BEEN HOSPITLIZED WITH A ILLNESS THAT KILLS 5% OF THE PEOPLE HIS AGE THAT GET IT and has long term health issues for many others!
I stop reading there.
2 Likes
âFrom each according to their ability, to each according to their needsâ is not how Social Security works. If you paid zero into it, you get zero.
Your socialism would give handouts whether people paid or not.
You can look it up.
1 Like
So when LBJ raided SS to finance his âGreat Societyâ social giveaways was that need?
So far the Prez has been in charge. What is the point youâre trying to make?
The rich paying for the poor?
I thought todayâs conservatives were against class envy.
Why should you be entitled to money the rich spend? They earned that money, not you!
I have to admit these âend socialism by creating new socialist policiesâ are quite amusingâŚ
1 Like
Or âYour socialism President will end (insert socialist program), but my Capitalist President will keep (insert socialist program)â
2 Likes
So good to see you back!
Soshulizm has to end, now! And leave my Medicare alone, commies.
That the premise of the question is wrong. There is ZERO reason that to think that Biden, who is HEALTIER then our current President, wont serve a full term.
Which invalidates the entire rest of the question.
Occasionally I too have a short attention span. But if the subject matter is of interest to me and I have something constructive to add, I will read anyhow.
To some extent, itâs just intellectual curiosity mixed with respect for the author. If I donât respect the author to begin with⌠I donât even start reading and so I donât need to stop.
Biden healthier? Is that why he is scared â â â â â â â â for himself but walked around with a ventilator mask on so that people could not infect him but he could infect them.
1 Like
Have not seen a single picture of biden with a masks with a vent on it. BUt possibile i missed it. Please send link.
What i have seen is BIden following the CDC guidlines. Which is why he IS healtier. Thats not even a opinon. One has Covid, one does not.
Well now, isnât this special?
In response to a proposed voluntarily paid luxury tax upon specifically selected articles of consumption ___ one which avoids taxing the necessities of life ___ to offset an existing oppressive and inescapable payroll tax upon a wage earnerâs paycheck, you condemn the tax as oppressive upon those willing to pay the tax and muse . . . âend socialism by creating new socialist policiesâ.
Of course, your leftist response confirms what I have been saying for many, many years. When it comes to helping the needy, our communist/socialist controlled Democrat Party Leadership has no moral compass whatsoever. They refuse to make the distinction between CHARITABLE GIVING and tax tyranny to support the needy.
So tell me, JayJay, are you accusing Hamilton of proposing a socialist tax idea which I documented IN THIS POST?
JWK
Joe Biden and the Democrat Leadership want elderly American citizens, who were forced to pay into Medicare all their lives, to surrender and share their healthcare revenue with the millions of foreigners who have invaded Americaâs borders. LINK
To answer the OP. No.
Well, a recent poll shows 59% Think Biden Unlikely to Finish A Four-Year Term in White House. If they are correct, based on Biden repeatedly showing signs of dementia and fatigue, then it would be wise to judge what a Kamala Harris socialist Administration would bring, in addition to her âMedicate for Allâ which would bankrupt and destroy our Senior Citizensâ Medicare program which they paid into all their livesâŚ
JWK
The Kamal Harris socialist âMedicare for Allâ healthcare plan will tax Americaâs productive citizens and her Senior citizens to provide healthcare to the 1.5 million DACA and 3.6 million Dreamers in our country ___ LINK
I have not seen it. But by your logic since 51% think Trump is mentally unfit - Should we simnply elvaulate Harris vs Pence? And judge the election on the ramfications of a Pense theocracy goverment?
.
I donât think our Senior Citizens realize what the Medicare for All Act of 2019, which Kamala Harris originally sponsored, would do to their program. I do think many of our Senior Citizens see the signs of dementia and fatigue in Biden, and realize Kamala may very well step in for Biden. And that is why VP Pence, during the coming debate, needs to call out Kamala for her attack on our Seniorâs Medicare program which they paid into all their lives.
JWK
Joe Biden and Kamala D. Harris want elderly American citizens, who paid into Medicare all their lives, to surrender and share their healthcare revenue with millions of illegal entrants who have invaded Americaâs borders. LINK
