This has nothing to do with "capitalist scum", as a "capitalist" would not agree to have taxes imposed at all. This is a progressive idealogical
tactic . . . but the progressives love to dress it up as the fault of those that have, not as them (gov) taking from their populace. And don't assume
I'm talking in red and blue terms when speaking about progressives, as they are on both sides.
The real reason for the raise is nothing more than more taxes. Yes, the gov has mismanaged SS and the bb's are starting to deplete those remaining
funds very quickly. The gov for years has been raiding the SS coffers thinking they would have no problem making up later, but that isn't going to
The tax angle doesn't just effect those with true pension or collecting SS, it will require those that saved themselves (through IRAs) to continue to
have to pay the early withdrawl penalty on everything taken out (extra 10% over normal tax rate).
As someone who deals with these issues on daily basis, for my clients, make no mistake that this is coming from the government. Pensions and such are
subsidised, insured, or combination of both by the gov. Moreover, the gov has wanted to raise on SS and Gov CSRS and FERS accts, but cannot as that
puts them above age of private sector accts.
Also, if you look at the gov website on benefits, you cannot claim full SS benefits until 70 now. That was changed a few years back. While you are
still eligible to "retire" at 60, SSA will reduce you benes by as much as 30%. Right now, if you are secure for the future . . . the gov has already
decided they will slash you SS benefits before 70 and they want to be able to collect tax penalties on early withdrawl of personal accts. Also, SSA
has already moved "official retirement age" to 67 (not 65 ). Tax, Tax, Tax and delay having to pay out.
Starting to receive benefits after normal retirement age may result in larger benefits. With delayed retirement credits, a person can receive his
or her largest benefit by retiring at age 70.
I find it funny that people are getting their "eat the rich" info from the a multinational corporate-media conglomorate . . . Yes, I'm sure
Comcast/GE/NBCUniversal and every other holding they control really wants America to understand the evil of corporate CEO's.
If the gov was really looking out for peoples best interest . . . they would tell you to start putting $50/mo into a moderate growth fund
(non-qualified account!!!) starting at age 18/20 and gradually increase the amount of funds to deposit each month (based on salary, etc). However,
you contribution should never go above 10% of gross for retirement (anything else to save goes into emergency fund or fun money account). That way,
it's all your money, taxed only on gain at 15%, and no penalties or withdrawl plans. Take it all out at once if you like. Our gov/media would never
tell people that though, as there would be far too many retired millionaires to account for and there goes their power structure.
Just another example (retirement accts) of the general public being too lazy to take control of their own life and too stupid to understand the rules,
so the ask gov to provide for them. Well . . . don't complain when you don't like the rules that you have to follow to get you money
edit on 1/20/13 by solomons path because: (no reason given)
edit on 1/20/13 by solomons path because: (no reason
edit on 1/20/13 by solomons path because: spelling/add