Posted 1 year ago on March 6, 2013, 10:26 a.m. EST by factsrfun
from Phoenix, AZ
This content is user submitted and not an official statement
With the Dow Jones hitting a new all time high and wages representing the lowest percentage of GDP since we been keeping records evidence mounts that we no longer need cap gains and dividend special tax treatment nor is it good policy.
The story is not new:
Now remind me again why is it so terrible if the government were to remove the cap on Social Security and apply it to all forms of income, isn’t it time we redistributed some of this wealth and what would be better than taking care of workers in their old age, after all no body has fixed retirement plans anymore. We need to adjust income taxes so that the bills are paid as well so as to not burden our children with our debt. We could do that with a transition tax and having everybody pay the same rate according to their income no matter how they make their money.