Showing posts with label Social Security. Show all posts
Showing posts with label Social Security. Show all posts

Tuesday, September 6, 2011

"The kind of spending cuts we obviously need..."

"The kind of spending cuts we obviously need will not be easy, since our government has encouraged so many Americans to become dependent on federal programs.  These programs cannot survive much longer without a financial collapse.  Our national debt, now nine trillion dollars, does not include the unfunded liabilities to programs like Social Security and Medicare that will come due in the coming decades to the tune of another $50 trillion.  It is simply impossible to fulfill those promises.  The level of taxation necessary to fund a figure like that would destroy the American economy and dramatically shrink the productive base from which those funds could be drawn."  -Page 82 of The Revolution, A Manifesto

"With a consensus not yet established...."

"With a consensus not yet established behind the abolition of the income tax (although I have never ceased voting and speaking on behalf of such an outcome), I have done my best to eliminate income and other taxation in as many specific cases as possible, in order at least to make dents in the edifice in the meantime.  For instance, I have proposed, for all those whose income consists largely of tips, that income in the form of tips be exempt from income taxation.  I have proposed that America's teachers be granted tax credits, thereby increasing their salaries.  I have proposed that people with terminal illnesses be exempt from Social Security taxes while they struggle for their lives.  (There is surely no moral justification for taxing people who are trying to maintain their very lives.)" -Page 79 of The Revolution, A Manifesto