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If you are in high a tax bracket you are actually paying way more to pension than you get back. If you saved the money yourself you would be better off.
by Scea91 10y ago
If you are in high a tax bracket you are actually paying way more to pension than you get back. If you saved the money yourself you would be better off.
- zymhan 10y agoSure, but I believe in a progressive tax structure, so allowing wealthier folk to contribute even more to their retirement isn't anywhere near my top concern. The amount of money you need to live on decreases relative to your income, as your income goes up. A wealthy person doesn't contribute 30%+ of their monthly income to housing, typically, nor could they come anywhere near spending that amount on food. But a poor family of 4 certainly could.
- lap42 10y agoYou believe in theft. You believe in getting other people money in a forced manner and put in what YOU believe is better.
- zymhan 10y agoNo, I don't make the decision on what to spend it on, the democratically elected legislature does. And if money is misspent, take it up with your elected officials. Do you honestly believe that taxation is theft? It's existed as a fundamental requirement of civilization for millennia. Utopian libertarianism is utterly unrealistic. For a philosophy that is wholly meritocratic, you would think the fact that no civilization adopted it as a fundamental principle would make it obvious how infeasible the concept is.