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Opinion #1
Debater: greengo78
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Kill the cap!
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Earned income above $100,000 a year is not subject to FICA tax, right? That is self-evidently a ridiculous concept. The average high school principal is paying almost what Bill Gates does. Of course people must be responsible. But changes in the economy and good old-fashioned bad luck hurt people. Except in extreme examples, a family can go from running a town to homeless in 3-4 generations. The rich have had enough candy and nuts from the Republicans over the past 25 years. Let's bring back the idea that our society of a "commonwealth" instead of a jungle.
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Opinion #2
Debater: The Wild Goose
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This is the biggest Ponzi racket in the nation.
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In 1919, Charles Ponzi ran what was, in effect, a pyramid scheme. He went to prison. He paid out large dividends without making any actual investments, by simply shunting money from old investors to new ones. This is exactly what Social Security does- the difference being that Social Security requires us to be suckers, whereas a pyramid scheme takes in only the gullible and willing. It is financially impossible. Social Security not only provides less money than private investments in even a low-growth mutual fund would bring, it is also a drain on the budget, as congress has to bail it out every time it becomes insolvent. In short, Social Security is a piece of financial trickery, a grand illusion that does not really work at all but looks stable at a passing glance. A good start would be making it purely optional. A good finish would be getting rid of the whole mess.
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