But that’s never been the way it works. Your payment finances the government budget, one of whose functions is to pay out social security money to current retirees. If you set up the income tax in such a regressive way, there will not be enough money to pay social security, which is of course what Republicans want so that they can have another excuse to cut the program entirely.
But that’s never been the way it works. Your payment finances the government budget, one of whose functions is to pay out social security money to current retirees. If you set up the income tax in such a regressive way, there will not be enough money to pay social security, which is of course what Republicans want so that they can have another excuse to cut the program entirely.