
827-How Quickly Will Social Security Run Out of Money?
Radical Personal Finance
00:00
Are We Going to Reduce Social Security Benefits by 25 %?
To raise pay roll tax rates, just use rough numbers, right? To raise payroll tax rates three point three six %. That would be an immediate loss of income for working wage-earning Americans. Would the republicans have a desire to do that? Democrats don't want to raise taxes on wage earning americans,. They've never run on that platform. And so who wants to have taxes raised on wages? Nobody wants that. In addition and what about the decreased benefits? Remember, it's 21 % across the board, if applied to all beneficiaries right now. Do either the democrat party or the republican party want to step forward and say, we are going to immediately reduce social security
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