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Reply #19: This sounds like Huey Long [View All]

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Radical Activist Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-03-05 04:37 AM
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19. This sounds like Huey Long
Edited on Mon Jan-03-05 04:37 AM by Radical Activist
who was one of the strongest early advocates of social security, he pressured the Roosevelt administration to adopt it. He also had very strong feelings about the concentration of wealth into a small number of hands. I'm reading a biography of him right now and your post immediately looked familiar.

Personally I don't feel the regressive Social Security tax should stay them same. My deepest concern is not whether young people in my generation will get social security benefits. My concern is that the already large portion of my paycheck that is going to support senior citizens is going to dramatically increase in the coming years.

We could be approaching a situation where a third or more of the money earned by young moderate income workers will be taxed to support social security and healthcare for the elderly. Its income redistribution based on age. When I think of a large baby boomer population retiring soon that votes in much higher numbers than younger workers the term "tyranny of the majority" comes to mind.
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