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'social security ~ Government Robs the People ~ Social Security and Inflation ~ inflation'

By: Nick Adama

"..... Unfortunately, government projections are routinely fudged, and making predictions regarding..........social security, inflation, taxes, payroll taxes, federal reserve, government, income tax, treasury, federal government....."

"..... Unfortunately, government projections are routinely fudged, and making predictions regarding the st..........social security, inflation, taxes, payroll taxes, federal reserve, government, income tax, treasury, federal government....."
The reduce to a mean American has been conditioned to take on trust that taxes are an inevitable part of life and destined to provision the most basic public services like roads, police protection, and social welfare programs. But direct income, sales, and empire taxes are only the most in view ways that government takes over the rewards of productive liveliness from the indigent and mediate class, all during rewarding high income earners and corporations with tax breaks. Two regressive taxes that have hurt Americans include higher Social Security payments and inflation.

There seems to be a perpetual cry in the media and from politicians in Washington that Social Security will be insolvent within decades; therefore, either payroll taxes have to be added for workers or benefits decreased for retirees. Unfortunately, government projections are routinely fudged, and making predictions regarding the category of a social program that typically runs a surplus every year is wildly pessimistic. In reality, warnings of Social Security going broke is nothing more than an attempt to shift tax burdens from the rich and corporations onto workers and the poor.

Because of the unchanged rate of taxation and the income cap, payroll taxes affect low income earners much more than those earning higher incomes. Combined with the portion of Social Security and Medicare that employers pay for their employees, nearly 14% of a wage earner's income is given to the government. Those with incomes over $90,000 only pay payroll taxes on this first $90,000, leaving them without a Social Security burden even if they take home millions of dollars every year. The amount of their income going to fund these programs is a essentially lower percentage than a family earning underADJ Expensiveness than $90,000 per year.

Claiming that the welfare programs will go bankrupt in decades also ignores the truth that the entire government is bankrupt right now. There is always a budget deficit that the federal government funds by borrowing from other countries or borrowing from the Federal Reserve. Social Security, on the other hand, has historically run a surplus, bringing in more than it has paid out. This surplus is raided by the government, though, in order to lower the budget deficit very slightly every year.

Thus, calls for higher Social Security payroll taxes or decreased benefits is nothing more than a way to increase taxes on the povertystricken and average classes so that the government has more stock at its disposal without raising taxes on the upper classes or business. Former Federal Reserve chairman Alan Greenspan routinely called for higher payroll taxes and decreased benefits in order to prevent a shortfall in the Social Security fund that was predicted decades into the future. This is purely scaremongering to convince worried workers to give the government more assets to atone a surplus which is immediately taken anyway.

But no acceptable amount of higher taxes or decreased benefits is enough for the federal government to meet its budget deficits. For this, the politicians go about to the inflation machine at the Federal Reserve, which prints any shortfall out of thin air in exchange for interest payments on Treasury Securities. Inflating the wherewithal supply, though, devalues the dollar and drives up the duty of goods and services. Money growth over the foregone decade has driven up the duty of food, oil, gold, and in other commodities.

The government and the banks in which the government deposits this anew printed capital get a randomness to use it before the inflationary effects are felt throughout the economy. This money that the rich and politically benefit from essentially free money, pending the rest of us have to shoulder the burden of a debased currency and higher prices at the gas pump and the grocery store. Just like with Social Security, inflation is a regressive tax on the destitute and mediate classes and a way for the government to raise more capital than it takes in during claiming to keep income taxes low.

Both payroll taxes and inflation affect the lower and mean classes more than big businesses or higher income earners. These are two of the most pernicious, regressive taxes that are imposed on the people disproportionately. Unfortunately, the scaremongering relating to the Social Security Trust Fund as well as the veil of secrecy future the issue of stock creation and inflation have blended to trick the people into becoming to pay more in exchange for a underwrite retreat and blaming speculators or Middle Eastern countries for prices. Government, though, has already raided the departure finances leaving shoddy IOUs in exchange, and has debased the dollar in order to fund higher and higher deficits and make big government bigger.

"..... Just like with Social Security, inflation is a regressive tax on the short of cash and mid classes and a ....."

".........."
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Article Source: http://www.unique-ezine-articles.com

Nick writes articles that help homeowners qualify for www.foreclosurefish.net/foreclosureloan/'>foreclosure loans or other solutions. Visit his site to read more articles on finance: www.foreclosurefish.net/

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Article: 'social security ~ Government Robs the People ~ Social Security and Inflation ~ inflation'

Article:
'social security ~ Government Robs the People ~ Social Security and Inflation ~ inflation'