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View Diary: Two Demographic Changes that Might Mean a Lot (19 comments)

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  •  They will generate some income taxes, but, (0+ / 0-)

    those will be partially if not fully offset by the decrease in wages and other earnings. Meanwhile, IRA and other distributions are not subject to FICA, so trading wages for IRA distributions will definitely reduce FICA revenues.

    That, in its essence, is fascism--ownership of government by an individual, by a group, or by any other controlling private power. -- Franklin D. Roosevelt --

    by enhydra lutris on Tue Jan 03, 2012 at 05:02:11 PM PST

    [ Parent ]

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