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Well, by that standpoint all taxation is simple theft from the future, because you might die and get no benefit from it. Social security and medicare serve a so
by Latteland 8y ago
Well, by that standpoint all taxation is simple theft from the future, because you might die and get no benefit from it. Social security and medicare serve a social good. I knew that the idea behind not taxing me past the max was because I couldn't get more benefits. But I already have exposure to many other tax credits that poor people don't get, because they aren't able to make investments.
I agree with your comment that it's easier to borrow the money. Look at our current government, that was supposedly fixated on budget deficits then when Obama is gone they pass a giant tax cut, increase the deficit (with the wish and a prayer that the deficit would go away), and now that there's clearly going to be a much larger deficit their answer is not cancel or reduce the unneeded tax cut for rich people - they want to cut benefits - this was all predicated before the tax cut.