The end is near...

[spurster]

Ok, I actually watched the thing. It seems we've already done the correct first step by kicking the Republicans out of government.

[ElNono]

Good question. When you take SS/Medicare out of the article's equation, the rich do pay more as a percentage. Let's keep each category separate. The payroll taxes are in reality an insurance. Most people who don't pay into them are not qualified to collect them. The rich don't need to pay into them for that reason.

It's a tax. That's not being paid by the rich is a different story altogether.

And how long are we going to continue the War on Poverty? What's our exit strategy? have we moved the line yet? As I see it, it's a complete failure. We still have a large percentage of people living in poverty. I have stated in the past that we need to change the way we pay payroll taxes and what they mean because the federal government treats it as regular taxes to be spent. Find a place to fix the tax tables, preferable as they were done in the 80's with a 28% marginal rate cap. Rename the SS/Medicare taxes, at the 7.65% rate, a Social Tax. This tax is maintained like it is, at least for the most part. Every income bracket pays. If politicians want more taxes or less, this is the rate that is change. It affects everyone so that the poor are not salivating at raising the taxes on the rich.

And what do we do with the poor? Do we just let them die and rot in the streets?

[ElNono]

Relax people, that video was before the age of Obama. Obama has directed his economic team to fix everything. All is well now.

We know.