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> That is, when the argument is "the others are getting cash", some will oppose it. But if it's "we all get cash", the opposition is less. But it's a sleight o
by luckylion 6y ago
> That is, when the argument is "the others are getting cash", some will oppose it. But if it's "we all get cash", the opposition is less.
But it's a sleight of hand. It's "you'll get it too (but I will take the same amount out of your pockets by increasing your taxes, ha!)", and then hoping that people will not realize it. That's quite the bet.
- frei 6y agoSocial security is "slight of hand" too. If you make an average of just $1k/mo before retirement, your SS benefit is $900/month. But if you made 10x ($10k/mo), your SS benefit is only 3x as much [0], despite you paying 10x the taxes during your career. While this is nowhere near as progressive a tax as regular income tax, it's still a wealth transfer from high earners to low earners. 0. https://www.ssa.gov/OACT/COLA/piaformula.html https://www.ssa.gov/OACT/COLA/piaformula.html