I had some fun with a recent comment on Social Security at "Barefoot and Progressive". (You can't link to specific posts on their site-- that I can see; it's the one on 7/23 at 9:24 AM on Ben Chandler.) That comment was described by someone anonymous as the "dumbest. comment. ever." Funny!
Trying to follow up, I made the comment below-- more than once-- and had it removed each time, apparently by an administrator.
Truth hurts, I guess...
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African-Americans put more into SS than they get out. It's not intentionally racist-- like the minimum wage in South Africa and prevailing wage laws in America-- but hey, it has the same impact. And it's not all about good intentions, right?
So you would support SS if it were financed by a suitably progressive tax?
ReplyDeleteThe point I was making is that it is difficult for any self-respecting, non-ignorant liberal to be excited about SS.
ReplyDeleteA suitably progressive tax (assuming a drop in the burden on the working poor rather than just eliminating the cap) would be an improvement-- both in terms of the burden imposed on the working poor and the rate-of-return for the lower and middle classes.
But then, it would be another welfare program rather than a pseudo-retirement program. And it still wouldn't be great for a lot of reasons.
Would that be enough for me to support? Probably not without a parallel reduction in the "income tax" on income. A 12.4% increase in marginal tax rates would be difficult to support philosophically and practically-- especially combined with whatever Obama has in store for those in the upper-income brackets.
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ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteThank you very much for this article!
ReplyDeleteFor a long time I have done exactly what you warn against. This article was a slap in the face - but a needed one.
That being said, what is the value of an intuitive explanation? Is it to give a lay person an "ah-ha" moment? Is it good to have SOME understanding, even if it is "vague and mush?"