Where Is Our President?

The long version of a letter to the president.

The majority of Americans who work have income which is taxed at 25% or above. The wealthy send their money to work, and receive income in the form of capital gains and dividends; that income is taxed at 15%. Which should be considered more valuable, income from people doing actual work, or income from money which is doing the work? Conservatives think that if you have to work for a living, your income should be taxed at a much higher rate.

Letter to the President

The majority of Americans who work have income which is taxed at 25% or above. The wealthy send their money to work, and receive income in the form of capital gains and dividends; that income is taxed at 15%. Which should be considered more valuable, income from people doing actual work, or income from money which is doing the work? Conservatives think that if you have to work for a living, your income should be taxed at a much higher rate.

Social Security not an entitlement

Social Security does not contribute to the debt/deficit. Revenue to SocSec is from payroll taxes paid by working people, not from general revenues. Look at your paycheck. Your employer makes an equal contribution. Where do you think the 2.6 trillion in U.S. Treasury Bonds in the Social Security Trust Fund came from, and where do you think benefits are paid from?

The only reason SocSec deficits (more going out than comes in) look like they affect the national debt and deficit is because Congress chose not to count the Treasury Bonds SocSec buys until they are sold.