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yurbud

(39,405 posts)
Fri Sep 28, 2012, 11:02 AM Sep 2012

Ironically 47% DO pay for operation of federal government just with a different tax... [View all]

Everybody who gets wages or a salary pays Social Security tax, which was doubled in the 80's to accumulate a surplus to prepare for Baby Boomers retirement.

Instead, government did some three card monte and borrowed that surplus to pay for other expenditures, which was absolutely necessary because of cuts to the income tax that mainly helped the very wealthy.

Any talk about "reforming" Social Security is really about welching on that debt.

So the 47% are LOANING money to the federal government, who keeps trying to talk their way out of repaying them.

When the top 1% (really of 1% of 1%, etc) loan the government money, they fully expect to be repaid and they are.

In a way, that means at least half the tax payers are getting screwed, but it's not the half Republicans claim.



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