this post was submitted on 15 Mar 2025
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[–] cogman 45 points 4 days ago (7 children)

We aren't talking about massive tax breaks. That's what's insane.

Currently SS is capped at ~$180k dollars @ ~5%. That means if you earn $180k, you pay 9k in SS tax. If you earn $2 billion you pay 9k in taxes.

These greedy leeches are destroying one of the only semi-decent systems all next to no money from them personally.

The actual tax increase from trump's expiring tax cuts is also something like 4%. Meaning these billionaires are doing all this work to save an extra $0.04 on every dollar of income.

They keep talking about the dangers and problems with debt, yet the blindingly obvious solution is a moderate increase in taxes. But instead of even broaching that subject, they are trying to also give themselves a tax cut while destroying social programs.

It's robbery, plain and simple.

[–] Semi_Hemi_Demigod 20 points 4 days ago (1 children)

Meaning these billionaires are doing all this work to save an extra $0.04 on every dollar of income.

$0.04 for every dollar of income doesn't sound like much until you're talking about a billion dollars, in which case it's $40 million.

That's a whole extra yacht!

[–] cogman 11 points 4 days ago

I know, they might have to give up the guest private jet.

[–] j4k3 8 points 4 days ago (1 children)
[–] [email protected] 3 points 3 days ago

If they don't respect our lifes, how can we respect theirs?

[–] [email protected] 1 points 3 days ago

at this point i'm actually convinced they're not doing this to enrich themselves.

they're doing it to crush the population, to keep it living paycheck-to-paycheck, so they can't afford an uprise when they need to fight back.

[–] [email protected] 2 points 3 days ago* (last edited 3 days ago)

Social security isn't a tax. It’s an insurance program and structured as such. We have to decide if there should be more national insurance programs. I’d be down.

I just started talking. Sorry you’re probably right.

[–] [email protected] 1 points 3 days ago

I don’t understand everything that you said, but as a devils advocate. Social Security is not supposed to be tax. It’s supposed to be an insurance program.

[–] [email protected] 1 points 4 days ago

Everyone should have to pay their fair share. Hell, I bet if they just did a flat 15-18℅ tax on everyone, middle class to the uber rich then we would have all the money for the programs like SS and medicare for all.

[–] [email protected] 1 points 4 days ago

It is not just saving money on taxes, but having desperate old people as cheap labor and pre-retirement people as customers for annuities. Particularly as desperate, cheap labor, since that helps push wages down for any sector that they could work in.