Wrong, wrong, wrong. Catherine Rampell in a recent column about Social Security, is pointing at the wrong culprits. The budget woes that plague this country are not because us old folks (I am 66) are drawing enough Social Security to be able to maintain our middle-class lifestyle. I mean, do you really think that we should only be drawing the amount we put in? Consider cost of living.
No, the problem is that corporations and wealthy individuals have not paid what they owe into the system since the Reagan administration. They could easily afford the 93 percent bracket that they were in throughout most of the post-war years, prior to Reagan. The fact that these cheaters get away with shortchanging this country is what we should be screaming about. Why are we not?
The threat that the Biden administration wants to beef up the enforcement mechanisms of the IRS is terrifying to those in the top 1 percent; they do not want to share what wealth they have dredged from our economy with the lowly masses. The cap on Social Security deductions should be removed; how fair can it be that some people pay into Social Security for the first day of January and are then paid up?
Why is Rampell painting senior citizens as the villains? We are not asking for anything more than what we are entitled to. We are not seeking opulent lifestyles with multiple mansions, yachts, million dollar trust funds, etc. We just want to keep our homes and have enough income to sustain our middle-class lifestyle, which, for most of us, is fairly modest.
Point your finger at the real cheaters.