General Discussion
In reply to the discussion: There are bills in the house and the senate to raise the SS cap and Obama campaigned on this issue. [View all]L0oniX
(31,493 posts)So those that make their income from stocks investments with have to pay a little more SS ...while they enjoy the 14.9% fed rate. Am I suppose to care? Would there be any real threat to jobs here? They are not creating jobs here anyway IMO. Any jobs that might be created for American citizens are mostly service jobs which are subsidized by tax breaks for the corporations and food stamps for their workers ...example Wallmart. The tech jobs here mostly go to "more and better educated" persons from overseas or in other words subsidies to other countries work force. Why should it matter to the common little person and voter what problems the overly spent rich people have? I understand after you allocate your income for 300k that additional expenditures may cause some hardship but that pales in comparison to the plight of the 15-20k a year worker. It's not the fault of the poor that people who make more money spend more and end up in a jam when things go south. Where do they spend that higher income and on what? Bigger home ...better boat ...golf club ...yacht club ...5 star restaurants ...fancy cars ...college for the kids ...health insurance ...all of which the poor could never hope to attain. The Heritage Foundation propaganda is free market capitalism and that is really only for them and not people who make 15-20k a year. I find no excuse for anyone making 10 times as much to complain about their financial problems for any reason ...except maybe health problems which can and does bankrupt just about everyone except the extreme rich. You have to be rich enough to pay for lawyers to get bad faith insurance to pay up on a legit claim anyway. Certainly IMO having the cap limit did not and will not assist job creation. I am tired of the anti American pro unrestricted free market capitalistic Reagan lies ...and the stupid people who believe them.