Archive for the ‘social security’ Tag

WHAT WOULD IT TAKE TO END POVERTY IN AMERICA?   Leave a comment

I Just found this article by Scott Olster, Editor at Large at Linked In.

https://www.linkedin.com/pulse/what-would-take-end-poverty-america-scott-olster

Here’s just one paragraph that says it all, I think.

“This is such a wealthy nation. There’s a study published recently that showed that if the top 1% of income earners just pay the taxes they owed, we could raise an additional $175 billion a year. That’s just about enough to lift everyone out of poverty. So we have the resources.”

See my previous blog on the simple solution to the Social Security problem. Why doesn’t it happen? Obviously there are complex social and moral issues behind the stalemate. Maybe greed? I hope soon to be reviewing David Enrich’s The Spider Network.

https://www.amazon.com/s?k=The+Spider+Network&i=stripbooks&crid=2A3PBVA6WXVPU&sprefix=the+spider+network%2Cstripbooks%2C96&ref=nb_sb_noss_2

THE SOLUTION TO FUNDING SOCIAL SECURITY IS SIMPLE   Leave a comment

Why is the fairest, simplest, and most direct solution to funding social security not proposed? Why is not everyone paying in at the same rate? Why are the very wealthy given special license not to pay?

Try googling this question: “When Do the Rich Stop Paying into Social Security in 2023?”

Effective tax rate

Source: Author’s calculations and Social Security Administration
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