Reply #60: Might as well go all the way and call it what it is: welfare for seniors

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If they want to reduce payroll taxes for the working poor and lower middle class, I say go for it. But how about INCREASING the payroll tax for people making over $125,000/year.

I totally agree.

We should just go ahead and be honest about Social Security: it's welfare for seniors paid for mostly by the lowest income earners.

You're right of course about some of the money paying to fund other federal spending. It would be much more honest if they simply raised the income taxes on workers and lowered payroll taxes. You'd get the same effect, except people would realize how much they're getting screwed. Right now they claim they are "investing" social security money by loaning it to the government, but they are just trying to be clever with language.