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View Diary: Insolvency, tax cuts, military spending and social security (188 comments)

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  •  A transaction tax on shares traded and investments (3+ / 0-)
    Recommended by:
    divineorder, ozsea1, Kitsap River

    sold could help immensely as well.  Use some of that to increase the financial investigating teeth in the SEC, DoJ, FBI, etc. Use the rest to offset some of the federal taxation loads on working and middle class wage-earners.  Keep the Social Security & Medicare taxes, but eliminate income caps or set them to $250000 or higher.  

    I recall 2008 when $5 million income was the amount John McCain said represented the average income of a true middle class American...let's agree with Republican leaders like John McCain that this income level is certainly the ideal and representative income level of the real middle class America they are representing, and have Congress amend and set the income caps quite fairly at that.  Surely those enriched by their efforts and luck in this land of opportunity have the means to shoulder this future ensuring tax increase to strengthen our present and future Social Security and Medicare programs beyond the point where their futures could again be questioned.  Isn't that national peace of mind worth a little sacrifice now?  As long as austerity concerns are so profound a concern?  Americans having a secure retirement they can count on will be prepare to retire at a reasonable age, and release their good paying jobs to the younger generations, and start spending on all the stuff retirees like to buy, like food, drugs, and maybe even including some fun stuff for grandchildren.

    When life gives you wingnuts, make wingnut butter!

    by antirove on Tue Apr 24, 2012 at 10:26:57 AM PDT

    [ Parent ]

    •  There are lots of ways to fund current benefits (0+ / 0-)

      But the longer our government just waits out the problem, the more likely it is that benefit cuts will be the answer, because the required tax increases will be greater.

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