Re:Retirement Nomads: Too poor to retire and too young to die
by dpritchett on Tuesday February 02, 2016 @04:13PM
(#11022655)
They'll say "I don't trust the government to spend that money properly. Take $232/yr away from some entitlement program that services people who aren't directly related to me."
Re:Retirement Nomads: Too poor to retire and too young to die
by toomuchtodo on Tuesday February 02, 2016 @04:14PM
(#11022665)
Is "they" a large enough voting cohort for it to matter?
Re:Retirement Nomads: Too poor to retire and too young to die
by dpritchett on Tuesday February 02, 2016 @04:20PM
(#11022721)
Yes, I think you'll find that the majority of U.S. citizens will vote down a tax increase, even if the intentions are good.
Re:Retirement Nomads: Too poor to retire and too young to die
by toomuchtodo on Tuesday February 02, 2016 @04:21PM
(#11022726)
I think you underestimate the size of the 55+ voting cohort.
Taxes are going up, no matter what.
Re:Retirement Nomads: Too poor to retire and too young to die
by tosseraccount on Tuesday February 02, 2016 @04:16PM
(#11022685)
Federal Debt is $59K per person.
http://www.bloomberg.com/visual-data/best-and-worst//most-go...
So that's about $120K per taxpayer.
It takes a long time to pay that kind of debt down on stagnant wages.
It's more than the annual GDP and one of the worst in the world: https://en.wikipedia.org/wiki/List_of_countries_by_public_de...
The right alternative to raising taxes might be to moderate spending and trying to pay down the debt. We need to not leave the kids with a bum debt.
That doesn't sound like all that much to spend to ensure Social Security stays available.
I think if you told people "we need to raise revenue through taxes 1.6% to ensure Social Security stays solvent for all working adults", most reasonable people would agree to that. At least, I would hope most people would think that's fairly reasonable.