Quote:
Originally Posted by donquixote99
And what really burns my butt is the increases in FICA tax that are justified as insuring the 'future solvency' of the program. The money has always been spent immediately, some for current SS benefits, and the rest to help finance the current deficit. The surplus FICA money was never anything but a disguised income tax, and a very regressive one. It never did a damned thing for future benefits.
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Exactly.
In fact the revenue generated by the excess Social Security taxes was used an excuse to reduce the Federal Income taxes of the uber rich. A fucking shell game is what it was.