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In reply to the discussion: White House aides have discussed Social Security tax, eyeing shortfall [View all]slightlv
(7,785 posts)wants all types of income taxed equally. WHY should only "earned" income be taxed? What is "earned" income vs "unearned" income? Even the concept is esoteric and meant to be beyond our unlearned understanding. /sarcasm. Capital Gains, pass thru earnings, etc., should all be taxed. Most of the money made by the "rich" these days is not "earned" as we know it in the vernacular. It is simply digits in a computer passing to another computer. Find a way to tax those digits. Why should the sweat of our brow be worth less than the comfort of some rich guy pressing the enter key behind an accounting computer? (No disrespect meant to any accountants here, to be sure... I can't add 10 digits and get the same result twice! LOL)
I do believe we are going to eventually shake out to a more equitable way to tax income... all kinds of income. But there is going to be much screaming from those who, up to this point in time, have made up like the proverbial highway bandits. The time is quickly coming for pitchforks, tho. People are not going to stand for it much longer. Especially not when they've worked all their lives only to have their old age to be spent scrounging for food and shelter because some rich guy made off with all the money they put into their government insured retirement accounts (aka social security).