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View Diary: US already has high elder poverty rate, so why are Social Security cuts even on the table? (223 comments)

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  •  Someone make 25k *gets* a lot more (0+ / 0-)

    for their money than someone paying 50k, and someone paying 50k gets a lot more than someone paying 100k.

    That's not regressive.

    Machine gun bullets became the bloody baptizers/ And the falcon 'copters don't care if someone's the wiser/ But the boy in the swamp didn't know he was killed by advisers

    by JesseCW on Tue Jan 15, 2013 at 07:33:27 AM PST

    [ Parent ]

    •  Sorry, have we stopped talking about taxes? (0+ / 0-)

      I thought we were on the subject of taxes.

      But in any case, you're wrong, because the life expectancy of a man (women are a bit better off) whose household income is $25k a year for his whole life is roughly 69 years at age 20. (Actually probably lower than that, that's just the average for the lowest third of the population, and $25k is on the low end of that.) So he'll collect those amazingly progressive benefits for a year (once the 67 retirement age kicks in, anyway), and that's if we don't raise the retirement age again. Or raise Medicare eligibility so that he dies first.

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