Coito ergo sum wrote:Seth wrote:Coito ergo sum wrote:Seth wrote:
Not really. You pay in and it goes directly to someone else, so it's a redistributionist tax levied on the PROMISE that when you retire, someone else will be taxed to support you. Problem is it's inherently unfair, particularly these days, because retirees are living longer and longer and they don't just get what they paid in, they get benefits for LIFE, which means they can get much MORE than they paid in, at someone else's expense. It's a government subsidy paid for by taxing current workers, no matter what you care to call it, and it's a Ponzi scheme that cannot be sustained in a world where the retirement class is larger than the working class.
That may or may not accurately describe what the government is ACTUALLY doing with the money, but it isn't what the deal is legally supposed to be.
Wrong. That's exactly how it works, and was intended to work, from the very beginning. What happened is that the government has been flatly lying to the people ever since FDR started the whole shebang and has been trying to convince them that it's a "retirement fund" when it's not.
And, it's o.k. if retirees get more than they paid in.
Not if the government is taking out of MY pocket it's not.
The idea is that interest was to be made on the money,
Which lie lasted about 10 minutes after the legislation was signed, at which point Congress immediately began raiding the Trust Fund and issuing non-interest-bearing IOUs, so no, it's not okay. False promises, lies and obfuscation don't make it acceptable. I judge the system on how it ACUALLY works, not on how bureaucrats and politicians have tried to tell us it is supposed to work.
So, you do agree with my statement, "That may or may not accurately describe what the government is ACTUALLY doing with the money, but it isn't what the deal is legally supposed to be." You just don't care how it was supposed to work. Fair enough. But, then your statement above that I was "wrong" is, well, wrong. You're wrong, and you just admitted it because you just admitted that what the law says should have been the case with Social Security is not the case, because the Congress began wrongfully raiding the trust fund and that the initial promises were "false promises."
No, I don't agree because the fund was "legally" set up to allow precisely what Congress is doing with it. Therefore it was NEVER INTENDED to be an income-generating trust fund, it was ALWAYS intended to be a slush fund for Congress and it was always a blatant lie with a nefarious Progressive agenda behind it that had less to do with protecting people's retirements than advancing the unconstitutional Progressive agenda of central power and control.
Seth wrote:
and also that some folks will collect less than they paid in, because they get hit by buses and whatnot before they turn 65.
And that's stealing from them and their heirs. If I put $300 per month into a retirement account for 40 years and then get hit by a bus before I can draw on it, that's MY FUCKING MONEY and it goes to my designated heirs, not the federal government, and certainly not some OTHER retiree.
That depends what the plan says. There is absolutely nothing wrong with setting up a plan where 100 people pay in $X a month with the expectation that they will collect money after they reach a certain age, but that if they die early they won't collect anything. If a plan is set up that way to begin with, then that is the way it is set up. There is nothing that "requires" plans to be set up the way you want them set up.
If the plan were voluntary, and one could choose to participate or not, I would agree. But that's not how it is, which makes it nothing less than theft.
Certainly, it would be perfectly fine to set up the plan where if people die, their heirs collect the social security when that person would have turned 65. But, that's not how it is set up, and that's not what the law says. The voters and the legislature made a political decision. You'll have to change the law to change it. But, don't try to claim that your preferred scheme is the "required" scheme. It isn't.
Appeal to authority fallacy. Just because it's "legalized" theft doesn't mean it isn't theft.
Seth wrote:
It's kind of like how some folks pay in to the unemployment compensation fund, but never collect, but others get to collect because they are unemployed. It's a lot like insurance.
Nope, it's nothing like insurance because it's COMPULSORY, and the money you pay doesn't benefit YOU at all, it benefits someone else, because that's how the government does redistribution. Even "unemployment compensation" is not "insurance," it's yet ANOTHER government scam to redistribute money from the productive class to the dependent class, and that's simply wrong, no matter how you try to smear it with glitter and perfume. It stinks like shit and looks like shit all the same.
So is paying into unemployment compensation. That is compulsory to.
And it too is a scam. It's Progressive redistributionism, nothing more.
Money paid into the system doesn't have to benefit the person paying in.
It does if its to be anything but socialist redistributionist theft.
Like insurance policies in general. The money you pay in doesn't benefit you at all, it is paid out to others who file claims. And, you may pay one premium and yet still collect $1,000,000, receiving far more than you pay in.
But because it's voluntary, you get to make a contract agreeing with those terms. Neither SS nor Unemployment is voluntary, so both are nothing more than government theft for redistribution.
Yes, it's compulsory - like almost everything else a government does.
That's what makes it theft.
A draft in the military is compulsory, and that's legal.
Non sequitur.
Taxes are compulsory.
And all just taxes provide some benefit to the individual paying the tax. Redistributionist taxes do not provide any benefit to me. I get nothing from paying for someone else to be unemployed. But I get to drive on the highway for the fuel tax I pay.
You pay into a school system that you may never use, and you may never even have kids that might use it.
And that's theft too.
Lots of compulsory payments going on, and lots of "other people" benefitting from your payments.
And all of it is theft.
Seth wrote:
If you want money coming in in the event you get fired, then buy your own private unemployment policy and pay the premiums yourself. Same for retirement.
That is one way to do it. But, the States have the constitutional authority to set up unemployment compensation regimes, and a political decision has been made to do so. If your claim is that these programs are unlawful or unconstitutional, well you're wrong. If you're claim is that you don't prefer them because you don't think they're fair. Well, I disagree.
Saying that the states or the federal government have the "authority" to steal from one person in order to give the money to another person and so it's okay for them to do so is classic begging the question, which is whether it is moral or ethical for government to do so. Yes, we all know that governments CAN do many things because they have the raw power to do them, but the question at the bar is whether they have any moral or ethical foundation for doing some particular thing, and you are just being evasive by resorting to an appeal to common practice.
Seth wrote:
And if you decide to buy beer and a flat-screen TV instead of paying into your retirement account, then you can beg for charity and live in a cardboard box when you get fired or old. If you are contrite and obsequious enough, maybe some charity will take pity on you and give you some stuff or money or a place to live.
Again, that is one way to do it. Another way is to set up a system that all employees have to pay into.
Yes, theft by force is always "another way." But it's immoral and unethical.
Seth wrote:
But you don't get to use the jackbooted thugs of the government with their machine guns to come and rob ME to support you in your indolence and indigence. You can ask, and I might help, but if you come at me with a gun and demand my money, I'll just shoot you dead, no matter how old or desperate you are, and I'll do the same to government agents engaging in armed thuggery as well.
Yes, actually, the government has the authority to create unemployment compensation systems and social security, and they aren't jackbooted thugs.
Trust me, refuse to pay into either system long and hard enough and they will send out the jackbooted thugs with machine guns to take your money from you.
Seth wrote:
And, anyone who takes a tax deduction, like on a home mortgage interest, is effectively getting a subsidy. So, the only persons who'd be voting in your twisted world would be those that own property free and clear.
Wrong. A tax deduction is simply taxes not paid, not a government subsidy. Your argument fails on the premise that all income generated by an individual belongs to the government, and that as a result that income which is not taxed is an income loss to the government and a "subsidy" to the individual. That's a hoary old Democrat/Progressive canard that has no basis in reality or economics.
No, my premise was not that.
That's the premise of every tax liability reduction from Democrats and Progressives.[/quote]
Not my premise. My premise was that the home mortgage deduction is no different in character than a credit, or a refund.
And its a false premise, as I point out.
Seth wrote:
A tax deduction says that person X, who makes $50,000, pays more in taxes than person Y, who makes $50,000, but pays a mortgage with interest. To be fair, they both should pay the same. Giving Y a deduction for the mortgage interest is no different than having him pay the full tax, and then writing him a check for the mortgage interest deduction amount.
Wrong. A tax deduction reduces the tax liability for those who have mortgages because the government wishes to encourage and facilitate people buying homes.
LOL, yes of course. That doesn't rebut anything I wrote. The government's purpose is irrelevant to this issue. They're still doing the same thing.
No, they aren't. Money not collected by the government is not government money granted to an individual.
Seth wrote:
Now, that's something that government should not be doing in the first place, but it's not the same as giving them a government "subsidy." This is because it's up to Congress to set tax rates and define taxable income and may define or exclude whatever income it deems appropriate from income taxation.
It's not defining income, or setting up exclusions from income here. It's saying "whatever interest you pay on your house, you just won't be taxed on."
That's defining "taxable income." You can't be taxed on what you pay under an INCOME tax system, so it's not at all the same thing. As I said, income that is not collected by the government in taxes, for whatever reason, is not government money that it's giving to the taxpayer. It's the taxpayer's money and remains the taxpayers money at all times, the government merely provides a calculation that reduces the amount of tax due on that income.
Seth wrote:
Congress has decided that a person's taxable income should be reduced by the amount they pay in home mortgage payments, therefore there is no gift or subsidy from the government, it's merely determining that for the amount of otherwise taxable income that equals the mortgage payment, the tax rate is zero.
The end result is the same - as between two taxpayers, the one with a mortgage gets to pay less than the one without a mortgage. There is no difference between that and making them both pay the same initially, but having the government write a check back to the homeowner.
There is a substantial difference. The money never belonged to the government to begin with, so it's not the same as the government writing a check. The result is merely that one person's full income is not subject to tax, and one's is.
Seth wrote:
Big difference.
Conceptual, rhetorical difference only. Effectively, in actual fact, it's all the same shit upside down.
Nope, not even a little. Again, your model presumes that all income is subject to taxation and that not taxing it is a "loss" to the government, but that's not the case.
Seth wrote:
Again, your argument is based on the notion that all income is taxable regardless of its source, as a default condition, but that's not what the law says. The law (the Sixteenth Amendment) says, "The Congress shall have power to lay and collect taxes on incomes, from whatever source derived..." It does NOT say, "All income, from whatever source derived, is subject to taxation."
Well, my argument is not based on that notion at all. I've explained it twice. That notion is irrelevant to my argument.
Moreover, there really is no difference between Congress having the power to lay and collect taxes on incomes from whatever source derived and all income being subject to taxation. In both phrasings, all income is subject to Congress' power to lay and collect taxes on all incomes. Can you explain the supposed difference? What's the difference?
The difference is that you claim that Congress' decision not to tax that portion of a homeowner's income that represents an amount equal to their mortgage interest payment is the same thing as the government giving that person a subsidy, which is clearly not the case. The government cannot give a subsidy by not collecting a tax. In order to give a subsidy, the government has to confer a monetary benefit to an individual payable against the government's account. To say that not taxing some income is a subsidy is to say that if the government decides not to collect ANY tax, it's providing a subsidy to everyone, which is utter nonsense.
Government cannot provide a subsidy using something that doesn't belong to the government in the first place, like taxes not owed on income not taxed.
Seth wrote:
Only that income that Congress decides shall be subject to income tax levy is subject to taxation, and if Congress sees fit to exclude an amount equal to a home mortgage payment, then that amount of income is NOT SUBJECT TO TAXATION, and it is not a "subsidy" or benefit received from the government, it is simply an exclusion of income from the tax calculation.
As between two taxpayers, though, the homeowner gets a gift, because the other taxpayer has to pay more in tax just because he doesn't own a house. No matter how you slice it, that's the result.
No, the other homeowner pay the same rate of tax on his income as the other person, it's just that his taxable income is reduced somewhat. Congress has decided not to levy tax on that portion of his income represented by his home mortgage interest payment. Is that a benefit to him? Sure it is, but it's not a subsidy, it's a tax break anyone can take advantage of by buying a house...and paying the PRINCIPAL on the loan, which is far more than the interest deduction on his income taxes. So in reality the non-homeowner has more disposable cash left after taxes because he doesn't have to make a house mortgage payment.
"Seth is Grandmaster Zen Troll who trains his victims to troll themselves every time they think of him" Robert_S
"All that is required for the triumph of evil is that good men do nothing." Edmund Burke
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