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.”
Related articles
- Deal reached to renew payroll tax cut (latimes.com)
- Permanent Cut to Payroll Tax Unrealistic, Geithner Says (blogs.wsj.com)
Gas Price Spike Act of 2012 or: Keystone Cops Part 2
Maxine Waters‘ Communist utopia dream is coming true. Straight out of the Ayn Rand novel, Atlas Shrugged; the Gas Price Spike Act of 2012 or: H. R. 3784, was introduced to the 112th Congress 2d session.
The bill is a perfect complement to the President’s decision yesterday to not approve the Keystone XL project. This bill is more proof that the government is not committed to American jobs and energy. The government, in my opinion, will not be satisfied until we are riding horses on dirt roads again.
The purpose of the bill is, “to impose a windfall profit tax on oil and natural gas (and products thereof).” This is a tax imposed on profits deemed unreasonable, (up to 100%!) to be paid by the seller.
Let’s talk about some basic economics that I learned as a child in junior high school. Businesses do not pay taxes! In any business that is competently managed; all overhead is included in the price of the product or service! If the cost of doing business goes up, i.e., an increase in taxes; that cost is passed down to the consumer! I’m sorry for all the exclamation points. I need some way to get your attention. I wanted to use all CAPS, but that would have been too annoying. I’m exasperated with trying to get people to understand this. How is it that I’ve known this since junior high school, but adults who are college graduates and run this country can’t understand these fundamental concepts? All the Representatives named on this bill are college graduates. Most have Masters degrees. Some are PhD’s. One has a Bachelors in business! I’m sure they all had to take at least economics 101 to graduate.
I'm sure they are not ignorant. I'm sure they are Communists!
This is a tax to be imposed on profits from the sales of oil, natural gas, and products thereof, up to ONE HUNDRED PERCENT! Hopefully you all understand now that the 100% tax will be passed on to you, the consumer. I wrote yesterday that petroleum is much more than gas and oil for cars. Petroleum is used in almost EVERYTHING! Think about the products that you need to use that help to keep you alive. Now think about paying at least double what you now pay for those items. Are you ready to call some Representatives now?
What are reasonable profits? Reasonable profits will be decided by the Reasonable Profits Board. The President will appoint three people whose only qualifications are to not be financially vested in the industries they will be judging. The bill provides them money for travel expenses. I hope they know how to ride horses. The bill provides for the Boards’ pay, but doesn’t appoint another Board to decide if the Boards’ pay is reasonable. The bill allows the Director of the Board to hire cronies of the Board and pay them any amount they deem reasonable.
Today it’s the oil companies. Who will be next? Are you going to wait to see what industry is next? Do you want to wait to see if they come after your livelihood next, or are you ready to make some phone calls and write some letters?
Here is a list of the Representatives sponsoring this Communist piece of legislation:
Bob Filner: http://filner.house.gov/
2428 Rayburn House Office Building
Washington, DC 20515
Phone: (202) 225-8045
Fax: (202) 225-9073
Lynn Woolsey: http://woolsey.house.gov/
2263 Rayburn Building
Washington, DC 20515
Ph.: 202-225-5161
Fax: 202-225-5163
John Conyers, Jr.: http://conyers.house.gov/
2426 Rayburn H.O.B.
Washington, DC 20515
Ph: 202-225-5126
Fax: 202-225-0072
Jim Langevin: http://langevin.house.gov/
109 Cannon HOB
Washington, D.C. 20515
Phone: (202) 225-2735
Fax: (202) 225-5976
Dennis J. Kucinich: http://kucinich.house.gov/Contact/
2445 Rayburn HOB
Washington, DC 20515
Phone (202)225-5871
Fax (202)225-5745
Marcia L. Fudge: http://fudge.house.gov/#dialog
1019 Longworth House Office Building
Washington, D.C. 20515
Phone: (202) 225-7032
Fax: (202) 225-1339
Maxine Waters is not on the bill, but you should contact her anyway.
Maxine Waters: http://waters.house.gov/
2344 Rayburn House Office Building
Washington, DC 20515
Phone: (202) 225-2201
Fax: (202) 225-7854
Fellow Freedom Fighters: Contact these people and your own local Representatives. Let them know how you feel about this issue. Let them know that if they don’t honor their commitments to the Constitution; you will vote them out of office. Let’s hit them with the Free Market Forces!
Related articles
- Energy Policy (davidscommonplacebook.wordpress.com)
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