Warren’s Socialist Plan: Raise Taxes, Use
Social Security to Redistribute Wealth
Breitbart Politics,
by
Hannah Bleau
Original Article
Posted By: ladydawgfan,
9/12/2019 2:42:47 PM
Sen. Elizabeth Warren (D-MA) unveiled another key aspect of her progressive agenda hours before the third Democrat presidential debate in Houston, Texas, proposing Thursday to raise Social Security benefits by $200 per month and pay for it by raising taxes on the “rich.”
Warren – who has largely driven her campaign on the unofficial slogan “I have a plan for that” – unveiled her plan to expand Social Security benefits.
“Typical Social Security benefits today are quite small,” Warren explained in a Medium Post. “In 2019, the average Social Security beneficiary received $1,354 a month, or $16,248 a year.”
There is a sense of urgency to raise Social Security benefits, Warren said,
Reply 1 - Posted by:
mobyclik 9/12/2019 3:13:13 PM (No. 178170)
FTA: ''Warren also pledges to update the “outdated rules to further increase benefits for lower-income families, women, people with disabilities, public-sector workers, and people of color.” What about the LGBQTK community and the rest of the freako crowd. They'll be demanding their increased free stuff.
5 people like this.
Reply 2 - Posted by:
JunkYardDog 9/12/2019 3:31:08 PM (No. 178187)
No matter what the issue is, the Democrats answer is always to stick their hands in our pockets. If Liawatha were to pauperize herself and shed all her worldly goods so that some poor person could live better then I'd respect her. Until then....GFY, Liz.
8 people like this.
Reply 3 - Posted by:
lakerman1 9/12/2019 3:53:28 PM (No. 178197)
First, I suggest that you people google 'social security bend points' to help you understand how the system has already been manipulated to overpay low wage earners.
Second, if you watch a dozen episodes of Judge Judy, you will see some of the people who are collecting Social Security disability payments. You will be surprised.
4 people like this.
Reply 4 - Posted by:
stablemoney 9/12/2019 3:55:08 PM (No. 178198)
Shouldn't a person get the social security benefits they have earned? People have approximately 45 years in which to do things to increase their social security benefits.
3 people like this.
Reply 5 - Posted by:
cor-vet 9/12/2019 4:07:57 PM (No. 178205)
Social Security recipients should receive more per month than welfare recipients. But while welfare never runs out of money, all we hear is how SS is running out. Part of the problem could be that politicians borrowed from the SS trust fund to finance the general fund, where welfare comes out of, along with food stamps and all the other give aways!
8 people like this.
Reply 6 - Posted by:
StormCnter 9/12/2019 4:13:02 PM (No. 178207)
Socialism never redistributes wealth as they promise, but destroys it instead.
2 people like this.
Reply 7 - Posted by:
FunOne 9/12/2019 4:21:16 PM (No. 178212)
Wow. An extra $200 per month in my social security benefits--and all I have to do to receive it is to vote for the fake Indian squaw. I'll pass on the vote buying/selling.
8 people like this.
First, most people will exhaust 100% of all they contributed within 4-5 years of taking SS payments, since ZERO has been set aside in an account accruing interest, so all you have it principal.
Second, I believe she's already allocated the 2% wealth tax she's talking about to pay for other programs she'd like to increase spending on.
Third, I'll bet they end up simply increasing the maximum amount for withholding to something like up-to $5,000,000 instead of the $100K-ish it is now, which will cover the new increase she'd like to offer, and is simply a talking point to move seniors over into the Dem column with hope of $200/mo. increase.
The whole idea is to buy votes, and blame Republicans for not achieving the $200/month increase if they don't get there.
Of course, the Dems promised $2500 reduction in health insurance once upon a time too, right?
Democrats are free to say whatever it takes to get elected, and if that means lying to some group, that's just fine with them.
2 people like this.
Reply 9 - Posted by:
lakerman1 9/12/2019 5:51:48 PM (No. 178274)
Second post apologies, but, #8, I used to teach this stuff to graduate students, so I'm following it more closely than others might be.
Cherokee Liaaie has proposed a 2 per cent wealth tax on assets. %Remember Jon Cary, and how he funded his campaign by selling his share in a painting for 6 million dollars?
If he had kept the painting, or stocks or bonds, he would pay 2 per cent of the value of each asset each year, forever.
This latest proposal is in addition to her 'wealth tax'.
There is a cap on earnings for FICA purposes on the retirement part of FICA. There is about 3 per cent of FICA that supports Medicare has no cap.
If a professional football player earns 10 million dollars per year, Medicare FICA tax would ding him for 3 %, or 300,000 dollars per year!
Cherokee Lizzie is proposing that all of FICA would be uncapped so that payments at retirement could be jacked up for women, minorities, etc.
DHT would wipe her out BY showing had expensive her proposals are.
and the NFL player who buys a 50,000 dollar Rolex? He would pay 1500 dollars per year, forever, with Cherokee Lizzie's wealth tax.
3 people like this.
Reply 10 - Posted by:
anniebc 9/13/2019 4:33:40 AM (No. 178510)
Piety starts at home.
Poster #9, so, are the taxes we pay on our cars and homes year after year the same as or similar to a wealth tax? My car is leased but I make the amount of two payments each year for taxes on a leased car. The property my home sits on was thrown in for free by the builder, but it was valued at $5K, and each year, I pay between $2-3K. Both annual payments continue until I no longer possess the car or the house. If I own my home for 30 years, I will have paid over $75,000 in taxes. Roads and schools? Wealth tax? Help, I need some schoolin'!
0 people like this.
Reply 11 - Posted by:
Smart11344 9/13/2019 1:57:46 PM (No. 178960)
She has become Sitting Bull****.
0 people like this.
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"The trouble with Socialism is that eventually you run out of other people's money."
- Lady Margaret Thatcher