If you thought the new millionaire was a family earning $250,000 a year you are wrong. Apparently the barrage of class warfare rhetoric is effective. Take a look at this comment posted on the Washington Post website. The last time I looked it was a long way from $106,000 to $1,000,000.
I wish the Post and media more generally would make proper distinctions among Social Security, Medicare and Medicaid. They each face different problems of widely differing intensity and were organized to solve different problems. Social Security the least problematic of all 3, and is largely solvable by raising the current $106,000 tax cap so that millionaires start paying a genuinely progressive tax. I don’t know why anybody would be against means-testing for Medicare
And if you want more evidence of the absurd view of too many people, consider this post from another blog (linked below):
I have read in several places on the Internet this morning that Social Security, a totally funded entitlement program is on the chopping block again–and the only reason is so the millionaires can get at these funds, stuff them in Wall Street and lose them for the American people.
It likely will have no impact but I wrote a letter to Obama all the same this morning.
If he cuts Social Security or Medicare to pacify the rich. He can go to hell. I will not under any circumstances vote for him in 2012. And my guess is that millions of other Americans will not either. Further more I’m fed up with the excuse–”Oh but things will be so much worse.” That is what the corporate centrists (ie Republican) Democrats have held over the heads of Americans for the past 20 years as they dispensed crumbs. What good is a crumb is it is not sufficient to live on? What good is a minimum wage set by millionaires in Congress if it is not a living wage?
A “totally funded entitlement program?” I wish. Except that it is legal, Social Security is a Ponzi scheme slowly unraveling.
Related articles
- Tax increases and senior citizens (quinnscommentary.com)
- Write a letter to Obama now if you care about Social Security and Medicare.. (iflizwerequeen.com)
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