May Your Chains Set Lightly Upon You

Posts tagged “Federal Insurance Contributions Act tax

The Payroll Tax Cut Doesn’t Go Far Enough

Are you excited about the Payroll Tax Holiday being extended for a year? What’s that extra    $40 dollars going to do for you?

I hope it’s going to your Private retirement fund.

Do you know the tax holiday is a reduction to your contributions to Socialist Insecurity?

Let me tell you something about Social Security: It isn’t.

When I was ten years old, my Mother presented me with my Socialist Insecurity Card. She told me I needed to use my very best handwriting and sign the card so it would be valid. She told me that this meant when I started working; money would be taken out of my check and saved in a in a box somewhere with my name on it, just for me. The good, benevolent Government would hold my money for me and give it back when I was too old and frail to work and support myself.

All my life my mother taught me to save 10% of any money I ever earned. She always taught me that I could never know when a rainy day would come. Saving at least %10 of my money would be my umbrella during the inevitable storms.

Don’t all parents teach their children this?

I refused to sign the card.

Why do I need the Government to save my money when I was already taught how to do it myself? What if the rainy day comes before I’m a senior citizen? If it’s my money; I want it where I can get it, when I need it.

My Mother started crying and talking about how she and my Father wouldn’t be around to take care of me in my old age and this was the only way I could avoid being a broke, and homeless old man.

Mom, may I write, Zachary Taylor?

I signed the card under duress.

We have been deceived. Why do Americans believe that this money is going into a personal account for their individual retirement? Franklin Roosevelt tried to make the program work that way in the early 1930’s, but he was advised that it would not work because such a scheme is very much Unconstitutional.

In 1935, Socialist Insecurity was created as a tax so that it would not be struck down by the Supreme Court. The Government is not obliged to distribute tax money to anyone.  The Government is not an investment firm. The Government is not a bank. The Government does not have a stash of money with your name on it. The FICA deductions on your paystub are going right into someone else’s pocket.

Will there be any money left for you when you retire?

No.

Socialist Insecurity is a Ponzi Scheme. Ponzi Schemes work great at the beginning, but

You Can’t Win If You Don’t Play!

they are all unsustainable and will fail. Ida May Fuller, the first Socialist Insecurity beneficiary, had $24.75 withdrawn from her paychecks. She collected a total of $22,888.92!

There are many private options for financial planning and management, health insurance, savings and investments, retirement funding, unemployment insurance, disability insurance, anything you can think of. Listen to an AM radio talk or news station on a weekend afternoon. You’ll see what I’m talking about.

The Tax Holiday doesn’t go far enough. I would love to see the FICA Tax repealed. I know that if it were gone, they would “pay for it” by enacting a new tax or raising the current tax rates anyway. I want to see this one eradicated because the idea of Socialist Security is inconsistent with the principles taught to us by George Washington: Thrift, Responsibility, Self-Reliance, and Self Control. Social Security is inconsistent with the principles of the United States: Freedom, Liberty, Independence, and Capitalism.

Bernie Madoff did it wrong

The Socialist Insecurity Tax is optional. If you’ve signed the card; it may be too late to opt out, but not for your children. Teach them about money. Teach your children how to budget, save, and use money responsibly. Make sure they know and understand how important it is.

It may be too late for us, but our children can be free-sovereign individuals, who will stand up tall and say to the Government (mind-control), “I’m a big boy or girl and I can manage my own finances, thank you.”


What’s a Trillion Dollars Amongst Friends?

We’re going to spend another trillion dollars to keep open “key” government agencies for one year. Republicans and Democrats are both agreeing on this. How come no one is asking, “Why does it cost over a trillion dollars a year to run the government?” Who in congress is working to cut the size and expense of government? How much of this is constitutional?

• $8.4 billion for EPA. Why? I love the environment as much as anybody else, but couldn’t the environment be better protected locally?

• $518 billion for the Pentagon, an increase of $5 billion over last year. OK. National defense is the federal government’s responsibility.

• $850 million for counterinsurgency aid in Pakistan. Why? I thought our paying for their Sesame St. show was going to make the terrorists not want to be terrorists anymore.

• $5 billion for AIDS. I’ll give you the cure to AIDS free. Don’t have gay sex. Get married, stay married, be faithful to your spouse. Don’t share needles. There you go; $5 billion dollars saved.

• $32 billion for energy and water programs. Is there not enough private companies making energy and supplying water? Since $32 billion of our tax money is paying for energy and water; do we still have to pay a bill for our energy and water?

• $21 billion for agencies that regulate banking. We already have police, sheriffs, lawyers, Better Business Bureau, FDIC, Federal Reserve, FTC, SEC, FINRA… How much more regulation does banking need? Is one more agency and another billion dollars going to result in no one ever losing a single dollar anymore?

• $12 billion for Treasury. Didn’t we write Timothy Geithner a $700 billion dollar check three years ago? Did he spend it all already?

• $71 billion for Education. Teachers in Atlanta are taking the tests for the students. Almost 50% percent of Detroit is illiterate. Most newspapers, magazines and TV news shows have incorrect grammar and misspelled words. Many waiters have degrees, but they did not study waiting tables in college. It’s not a problem that more money will solve. Education is a local and personal issue.

• $42 billion for the State Department and Foreign Operations.

• $3 billion for Israel.

• $39 billion for Homeland Security that includes nearly $12 billion for Customs and Border Patrol and nearly $6 billion for Immigration and Custom Enforcement. Why is there a DHS? The DOD, CIA, ICE, and the FBI were unable to protect us from what happened September 11, 2001, so the solution is to make another government agency? One more agency and another $39 billion dollars spent, and we can all go about our business now. Everything is safe. $18 billion for Border Patrol and ICE. Does that mean I won’t have to push a button for English anymore? Does that mean I won’t have anymore co-workers upset with me because I don’t speak Spanish?

How much are we spending to extend unemployment benefits? Did you hear Nancy Pelosi saying that the extension would create 600,000 jobs? She said unemployment insurance has macroeconomic effects. She says macroeconomic like she just learned the word 15 minutes ago. Unfortunately she might be right. Unemployment checks are certainly stimulating the cable, weed, alcohol, Xbox, and couch sectors of the economy.

Rep. Allen West (R.–Fla.) said the conversation on Capitol Hill has finally changed. What’s changed; spending trillions at a time instead of billions?

Rep. Jeff Flake (R.–Ariz.) and Rep. Bobby Schilling (R.–Ill.) voted against the bill. They both spoke of not having sufficient time to review the bill. Flake said “We’ll be discovering for months to come what’s actually in it.” God bless these two patriots for being responsible civil servants and not subjecting us to laws that even congress doesn’t understand.

Every cloud has a silver lining though: The bill outlaws tax money for abortions in Washington DC. and light bulbs will be legal for one more year.

The Senate votes on the bill today. I’m sure it will easily pass through that house as well and soon be signed by the President. This enormous government is too precious too these people to ever go unfunded and “shutdown” for any amount of time.