The baby boomers are nearing retirement age. Social Security and Medicare funds are getting low. The only way to satisfactorily to pay for it all is to raise taxes. A lot of taxes. Congress and the president can't reduce the benefits by much because all the baby boomers and older Americans are pretty faithful about voting. So if any congressman wants to stay in office he better not vote to reduce benefits too much.
NYYanks1
Favorite Answer
No I don't. Nor will I ever ask for a handout from the government
Kini
A 1 cent tax on soft drinks is a good idea. A return to tax levels of ten years ago before the Bush tax cuts took effect is a good idea. Capital gains rates are lower than most people pay in income tax. We should pay more taxes to cover the cost of services in this country.
Anonymous
i was listening to a guy on the radio today . he was talking about balancing a state budget . he said the options were to either tax the middle class more or cut state services . i had to laugh , like a problem ONLY has two options . he just sort of ignored the obvious answer - RAISE THE TAX ON THE RICH . i suspect he was a republican .
Stephee
FYI, it's high regardless.
The economy went downhill, so it's no surprise that now and later we'll be seeing slow progress before anything can be fixed.
Anonymous
If we had privatized 50 years ago each one of us would retire a millionaire