Here are interviews on Charlie Rose where Ryan is questioned on his plan to make seniors work longer,
get rid of medicare and let Wall Street raid SS that all taxpayers have paid into for decades:
Right now – taxes for Social Security and Medicare go up to 104k in personal income. If you made all of your income in capital gains like most of the rich do … then you don’t pay payroll taxes. If you are a CEO making $20 million a year in salaries and bonuses – then you pay the exact same amount in payroll taxes as someone making 104k a year. The easiest answer to solve this problem is simply to remove the cap on incomes and revenue streams. If someone makes $100 million in stock … they should pay the same % in “payroll taxes” as the average middle class person does.
The reason there is a cap on the payroll tax is to protect the wealthiest Americans. After all – conservatives would argue … why should they have to pay for everyone else and to do so would be SOCIALISM and redistributing wealth from the wealthy who worked hard for their money to the envious middle class people who only want to take wealth from the hard working rich people. That’s the conservative argument.
And don’t kid yourself about payroll taxes – they’re a big deal. Payroll taxes account for 1/3 of the total taxes the government takes in. And that’s shouldered almost exclusively by the working class … people making less than $100k a year. And as Paul Ryan recognizes “most people pay more in payroll taxes than they pay in income taxes” … that’s true. But not the rich.
But when an older gentlemen asks Paul Ryan why he doesn’t support raising the cap on payroll taxes –
Paul Ryan says it only keeps Social Security solvent for 6 years which is a lie.
As Paul Ryan acknowledges above during his interview with Charlie Rose … privatizing Social Security accounts is NOT NECESSARY but as he puts it “I personally prefer it”. He wants people to think that it’s not going to be there for people in the future even though he acknowledges it “is the most successful program ever created in history”. So successful that he wants to privatize it.
Read more:
Paul Ryan REALLY Wants to Privatize Social Security ‹ I Acknowledge Class Warfare Exists
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Read more:
Paul Ryan REALLY Wants to Privatize Social Security ‹ I Acknowledge Class Warfare Exists
Follow us:
classwarfareexists on Facebook
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