US Social Security Privatization

OK, so here we learn that in the early 80’s Alan Greenspanmade SS payroll taxes higher than the payout to build up a trust fund. Payroll taxes hit low and middle income earners more than hgih income earners. The payback would come some time in 2010-2020 when they woudl reverse things and the trust fund would start to drain. Now the trust fund is just a bunch of t-bills so you the money actually comes from the government general fund, whcih is mostly funded by income tax which is proportionally more expensive for hgih income earners than a payroll tax. Now that the working poor and middle class have built up a nice pile, the scum, er, Republicans are complaining about how one branch of governement claiming t-bills is just messing with money and it isn’t really there and it’s silly and the fund isn’t big enough anyway and the reall solution is to give their broker friends lots more commissions and fees by requiring private investment and just reclaiming all the t-bills. So, tax them on a promise, renege on the promise, oh, and then lie about how it’s necessary and the new plan will totally work this time.

Seriously, if you don’t make millions of dollars, why would you want to live there? To own a gun? You can’t protect yourself from corporations and tax lawyers with a gun my friend. Don’t forget that you now live in a nation ruled by beleivers in state torture, and, better yet, using information gathered under torture to prosecute the prisoner.

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