Nov 12, 2019
5 min read
Inequality is little more than robbery.
More money going to the wealthy means that less money goes to payroll taxes.
Social Security, the federal anti-poverty program inaugurated during the Great Depression, is funded in two, and only two, ways: a payroll tax and a tax on benefits themselves. The first, and biggest, way — and it accounts for 96% of the funds — is a payroll tax; anybody who receives a paycheck between $1 and about…
