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A comment on The evidence behind putting money directly in the pockets of the poor. Parent comment

Re:The evidence behind putting money directly in the pockets... by luckylion on Wednesday May 20, 2020 @02:46AM (#23243987)
> That is, when the argument is "the others are getting cash", some will oppose it. But if it's "we all get cash", the opposition is less.

But it's a sleight of hand. It's "you'll get it too (but I will take the same amount out of your pockets by increasing your taxes, ha!)", and then hoping that people will not realize it. That's quite the bet.

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Re:The evidence behind putting money directly in the pockets... by frei on Wednesday May 20, 2020 @03:16AM (#23244162)
Social security is "slight of hand" too. If you make an average of just $1k/mo before retirement, your SS benefit is $900/month. But if you made 10x ($10k/mo), your SS benefit is only 3x as much [0], despite you paying 10x the taxes during your career.

While this is nowhere near as progressive a tax as regular income tax, it's still a wealth transfer from high earners to low earners.

0. https://www.ssa.gov/OACT/COLA/piaformula.html

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