One of the greatest mis directions was the culture/class warfare of the govt spending your money on other people’s problems. It’s still going on today.more limited taxes?
So, you listed BEAD and 3 specific things from BBBA two of which you are advocating increasing taxes on Americans. In the past, you had been against higher taxes, at least when the tax policy benefitted you.
I started to ask you why you want Americans to pay higher taxes when in the past you have claimed support for tax cuts that I felt were not in our interest because of the ballooning deficit. But, I'll let you ask yourself:
We can pose a simple solution to SS solvency. Eliminate the income ceiling or at the very least create a donut hole between the current cap and say $350,000. Make it applicable to capital gains on transactions greater than $500,000.
Propose this and you get the counter argument of wealth redistribution by making wealthy individuals pay for other people’s retirement when they won’t see a dime.
Problem w this argument is that some of the people paying more in FICA are most likely the beneficiaries of an upwards wealth redistribution and this segment has been for the last 40+ yrs. Doubt this? Just research wealth gap or CEO pay vs hourly or blue collar pay spreads over the last 40 yrs. That’s where the wealth redistribution happened but you don’t hear about flood up economics.