In the United States we have a flat tax (?) on income in the form of a tax to pay into Social Security. Now this flat ends at $ 138,000. Puff it’s no longer a flat tax. One might even say it’s a regressive tax on the poor and the lower middle income. Now it seems to me and my uneducated mind that if we were to eliminate this cap Social Security would be secure till 2077.
*Now why would I call this program a tax. I do believe that the supreme Court said so.
* Now why am I saying that The upper middle income isn’t paying their fair share because their not, along with the upper income and supper income people.
* Now I understand that most of my country’s citizens think that Social Security is a program that only pays old retires and disabled, not thinking that it also helps fund the rest of the government in the form of low interest bonds. Now my way of thinking right now these bonds are being paid off from the general funds, in other words the taxes we paid which might pay for armaments, or food stamps are being paid to our Social Security recipients..
* It appears to me there are some well meaning(?) upper middle income people who are claiming that the rich aren’t paying their fair share, while they aren’t paying their fare share of the Social Security tax.
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