Chicago PM Sunday 12 August 2012
The Voice of the People, Chicago Tribune
Gentlepeople:
The Chicago Tribune editorial “What Paul Ryan delivers” (Sunday 12 August) says “Someone had better reinvent these entitlements [Medicare and Social Security] end them as we know them... Because... they're doomed to insolvency — unable to pay the full benefits that Congresses and presidents, Republicans and Democrats, have promised.”
A bold statement for a national newspaper. The reality is even worse:
The Statistical Abstract of the United States shows 73% of all federal taxes actually came from employer bank accounts, not taxpayer bank accounts (withholding.) Sure, the employee gets a note from the employer: “We had to send this money to the feds under jail threat, but if we weren't we would give it to you.” Compounding the problem: employers do the only thing they can do: add the cost of that tax to the price of their product, changing what are supposed to be voter paid income taxes to a national sales tax. Added irritant: how often do you hear: “I paid in! I deserve medicare! I deserve Social Security!"
The solution to this scam: Get a majority of the House of reps, 60 Senators, and a President to change the US Tax code from "every employer making payment of wages shall deduct and withhold upon such wages a tax..." to "every employer making payment of wages shall pay all of those wages to the employee...." The employer would still calculate the tax, including a note to the employee: "Here is what the feds are expecting you personally to remit in 30 days"
Returning to the 90% of voters who are wage earners the responsibility of writing monthly checks to fund the government would encourage voting for legislators more likely to support proposals such as proposed by Congressman Paul Ryan.
Arnold H Nelson ah_nelson@yahoo.com
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