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View Diary: Why Now is the Time to End the Social Security Tax Loophole (87 comments)

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  •  Here's a question to ponder (13+ / 0-)
    The first time you hear someone say
    My brother-in-law is retiring and he and his wife will get $15,000 a month in Social Security. They're spending some of it on a world cruise and they'll be banking the rest.
    what will be your attitude towards Social Security?
    Nothing will destroy SS and its reputation and its public support more effectively than allowing people to insure high salaries through it.

    That's not what Social Security is about.

    Please leave my Social Security alone.

    Too late for the simple life, too early for android love slaves - Savio

    by Clem Yeobright on Tue Mar 26, 2013 at 01:25:18 PM PDT

    [ Parent ]

    •  The effect of Social Security payments being (2+ / 0-)
      Recommended by:
      SilentBrook, Pluto

      left in the bank depends on what the bank does with the currency. If it makes loans to local enterprise, that's a good use. If it finances over-priced real estate that is likely to be defaulted, it's a bad idea.
      All dollars are nothing but certified IOUs. Classifying them according to who's holding them or using them is a mistake. All our dollars are belong to us, the citizens of the U.S.

      We organize governments to deliver services and prevent abuse.

      by hannah on Tue Mar 26, 2013 at 02:32:32 PM PDT

      [ Parent ]

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