I was paid today. That’s normally a good day, but when I saw that my paycheck was about $20 less than it was in 2011 I became angry. I decided to do a quick bit of research to make sure there were no errors. I mean that’s about $250 a year I could be giving away for nothing. After a few quick Google searches I learned that there was a tax increase in Social Security. Great.
A program that I will probably never benefit from in any way is taking more money out of my wallet. The funny thing is – the government pulls cash out of the Social Security savings fund all the time – like some sort of emergency savings fund! So right when you think, “at least the people who have paid into the system their whole life are getting something back” you realize the guys in control in Washington are stealing from you.
You might also be interested to know that the guys stealing from us in
Washington aren’t tied to Social Security. Congressional pensions are seperate – they don’t pay into Social Secuirty and do not recieve any. (They actually do pay into Social Secuirty, sorry for the bad information – most ARE wealthy enough not to have to rely on it though…)Funny the guys deciding the rest of the countries fate have almost no stake in the outcome. What incentive do they have to use the system fairly? They can tax us, use the money, and then tax us again to prop up the system a little longer. What a flawed system.
You might even be thinking – well at least we have a few rich lobbyist fighting for us “regular” guys, but you’d be wrong. Rich peopld don’t care. There is a $110,000 cap on taxable income for social security. That means a guy making $110,000 is taxed the same as a guy making $110 million. I’m not for higher taxes – not for anyone, but it’s no wonder main street doesn’t have a say in this whole thing. Social Secuirty is a failed program paid for by the poor and middle class, used by the political machine, and designed to make everyone feel okay about it.
Personally, I wish I could opt out.
We may also see a 2% hike in taxes come March 2012. The renmints of the Bush era tax cuts are coming to a close and congress just approved an extension through February. If nothing more is done the rest of us migh see about a 2% total decrease in their take home pay come March. (For a grand total of about 5-6% in 2012) Inflation and taxation – Happy days!