- Posted October 17, 2013 by
Watertown, New York
This iReport is part of an assignment:
- Congress, Get Off the U.S. Post Office's Back! Small Business Needs Them
- Obamacare, U.S. Foreign Policy, Immigration and Our Economy- Journalism’s First Responsibility Is To Tell UsThe Truth
- Labor's "Surrender Monkeys"-23,000 People Have Applied For 600 Low-Wage Positions
- Iranian Sanctions Never Hurt Iran's Government; They Hurt Iran's People
- Democrats Hold Our Leadership Accountable, Republicans Don't
Why Do Poor People Support The Rich People's Party?
Why do poor people support the rich people's party?
Liberals understand the socially conservative aspect of being a member of the GOP. Our Constitution says we should separate God and State but still many Christians are satisfied in waiting for the tribulation and feel they can hurry God's appointed time with some political activism.
So the GOP claim to be a home where concerns for the unborn can be legislated as they slash programs for the poor among us.
Democrats are against religion or Christianity. They just adhere to the Constitutional view that all religions should have freedom to express their faith in God.
Many poor people and people making less than $100.000 a year vote for Republican candidates for what reason?
Do they believe that the GOP has their interests in mind? Obviously they must. But why?
Republicans have painted Democrats as wasteful spenders. They rail against social programs like Social Security, Medicare, and Medicaid and claim they are entitlement programs.
People pay in to these programs with our taxes. They are there to help older, retired people and people who have fallen on hard times or have become ill.
They keep people out of poverty when they retire.
So, why are so many poor people and middle class on the wrong side of the economic and political divide?
I just don't understand it.
Many comment here that we need to cut entitlement programs. Well they're your entitlement programs.
Some wealthy guy doesn't need them.
Some are suggesting that we 'means test' the people to see if they should get the money they paid in to Medicare or Social Security.
That's not fair either.
If you're rich or poor, you should get the money you pay in regardless of how you've faired in life.
Others are suggesting that we change Social Security to a 'chained C.P.I. System where if a retired person doesn't get as much in a Cost Of Living Adjustment (COLA) he'll buy chicken instead of steak to adjust for the increase he doesn't get in their Social Security.
What's next? Ramen Noodles?
President Obama actually has said this may be a way to fix Social Security. It is estimated to save the government $130 billion over ten years. And that will help to bring down our national debt.
This is not the answer. We shouldn't be taking money from the retired people to bring down debt.
They've contributed throughout their lifetimes. We should change the deal after we promised them some dignity in their old age.
So what should we do?
There are solutions.
Under President Reagan, Social Security tax was paid on 90% of income.
Now, FICA is only collected on income up to $113,700.
Investors in stock pay not FICA tax on dividends they earn under $113,700. Neither do landlords pay FICA on rental income.
A fair tax would fix Social Security. We're not talking about a flat tax. That is unfair to poor people who have no discretionary income as do rich people.
We still need a progressive tax.
Do middle class people that support the GOP know that special carve outs have been made for the rich?
Small business owners pay 15.3% in FICA taxes when corporations pay no FICA taxes on their profit. Is this fair?
But these are tax policies that the GOP support.
Again, why do middle class people support this unfairness?
Probably because they don't know.
Mitt Romney, who makes $20 million in dividends a year on his investments pays no FICA on that portion of his income. Then, he only pays 15% Federal Incom Tax on his net profit because of the way the IRS figures tax on capital gains.
That's not the reason Congress had legislated on capital gains. It wasn't supposed to cover the Romney's of the World.
It was supposed to help first time homesellers not take a hit in taxes when the sold their home to buy a better one or a retired person that sold their home to be able to afford to move to a retirement community.
Do middle class supporters of the GOP really understand wht you're advocating for when you pull the lever that puts a Republican representative in office?
Republican policies are completely against the middle class.
When you have tax policies from Republicans that work against the middle class but these middle class people that support the GOP vote for them anyways, it must be because of misinformation for the GOP television and conservative talk radio.
Conservatives, in the middle class, will come on my post and say we should cut these programs.
Do they know what they are advocating for?
Social Security is not an 'entitlement program. It's no different than a whole life policy that someone pays in to and then reaps the benefit of that investment when they retire.
Social Security is an investment.
Now, much of that money has been used by our government for things it never should have been used for.
The Trust Fund has been raided and now they don't want to pay that loan back.
And many middle class support that unwillingness by many in government to repay Social Security funds.
There is a sensible way to fix our Social programs and make them viable for the future.
That way is to increase revenue from those that aren't paying their share and scrapping the income cap.
Maybe we should also allow an optional additional 3% to be withheld from our pay that would be managed by the worker.
That 3% could be invested in the stock market or something that would pay a bigger return than U.S. Treasury Bills.
This could provide a transition to a better self-managed system of retirement but people will have to be educated.
Again, when you see the tax policies of the GOP, why would anyone making less than $250,000 a year support the GOP?