Comments on: Who will Cut my Taxes More: Obama or McCain?

By: Wm W

Wm W — Thu, 23 Oct 2008 23:57:07 +0000

We live in a republic and founded on capitalism…it’s made us the strongest country in the world and opportuniyty is for everyone here thats why some risk death to get here legally and illegally. The theory was you work hard , harder then the next guy develop skills more skills then the next guy and you are motivated motivated more the the next guy and you earn more….
The more you earn the more you can have for your family… if you don’t want to work can’t work or decide not to gain skills based on your non effort you won’t earn as much…now comes Obama take even more from the higher earners and give the money to those that didn’t earn it…the higher earners pay all the taxes now but he wants even more from them ? When over 50% dont pay any tax at all he wants to give them rebates ? on what they haven’t paid anything to begin with ? Thats SOCIALISM… it doesn’t work in any country that has tried…I am paying enough already Obamas plan is a disencentive for me to exceed… I am not going to pay the govt over 60% of my earnings while others who have the same opportunity pay nothing and even then get a check from Obama thats NOT FAIR>>>

By: G.E. Miller

G.E. Miller — Thu, 23 Oct 2008 23:44:15 +0000

Charles, I don’t know where you’ve been, but the Republicans have wanted to privatize Social Security for years in order to take the problem off their hands and make a few companies rich (the bigger of the two motivations). Had they succeeded, everyone’s guaranteed retirement plans would be down 40%+ this year. Social Security is much safer under Democratic rule than Republican.

Also, everyone will continue to pay the payroll tax, and Obama’s tax plan will have no impact on Social Security whatsoever. If you can provide any concrete proof of what you’re saying, go ahead and post it.

By: Charles

Charles — Thu, 23 Oct 2008 19:05:26 +0000

Obama’s tax plan will destroy the Social Security system.

Obama says his income tax plan will lower taxes for 95% of Americans. There is just one problem with this, 40% of Americans already pay no income tax. Obama’s response to this is that these people pay Social Security tax. Well, that’s not income tax, but a contribution to their retirement plan. So if he wins and implements his tax plan, for the first time in the history of Social Security, 40% of the people who will get retirement benefits will have paid nothing for them. Social Security will then loose all pretext of being a retirement plan, and will become a national welfare program.

This will cause Social Security to lose public support in a massive way. Leave Social Security contributions out of income tax plans. If you take some peoples income taxes to pay others Social Security taxes, Social Security will be destroyed forever.

http://strategicthought-charles77.blogspot.com/2008/10/obamas-tax-plan-will-destroy-social.html