Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

red dog 1

(29,308 posts)
Thu Aug 29, 2024, 05:30 PM Aug 29

Jim Hightower -- The Right-Wing Attack on Social Security is Un-American

Jim Hightower
August 29, 2024


Right-wing ideologues are mounting a three-pronged fraud trying to delegitimize Social Security, slash it's benefits, then -- zzzzzt -- kill it.

[snip]

While working stiffs pay this tax on every dollar they earn, millionaires and billionaires are taxed only on the first $170,000 of their astronomical pay.
Take Elon Musk, the richest man in America, who claimed a $45 billion paycheck last year.
But under current law he only pays Social Security taxes on $170,000 of that -- meaning 44 billion, 999 million, 830 thousand dollars of his income goes untaxed.
Why shouldn't he pay like everyone else?

Tax everyone equally -- the rich as well as the working class -- so everyone can have a secure, dignified retirement.
That's what the American concept of the Common Good means.

More:
https://jimhightower.substack.com/p/the-right-wing-attack-on-social-security/

3 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Jim Hightower -- The Right-Wing Attack on Social Security is Un-American (Original Post) red dog 1 Aug 29 OP
But that's the whole point: no_hypocrisy Aug 29 #1
Its gradualness is the killer!! riversedge Aug 30 #3
Do away with the cap & it would easily extend the solvency of SS oldsoftie Aug 29 #2

no_hypocrisy

(48,791 posts)
1. But that's the whole point:
Thu Aug 29, 2024, 05:40 PM
Aug 29

Not only to destroy the New Deal and the Great Society.

It's to dismantle and to destroy the constitutional republic as this country was founded on and still exists.

To reconfigure the country into a fascist oligarchy.

And a lot of people won't see it coming, partially because it will be gradual.

Latest Discussions»Editorials & Other Articles»Jim Hightower -- The Righ...