tag:blogger.com,1999:blog-7528589270719683929.post7968113004890893804..comments2023-07-09T04:19:31.577-05:00Comments on Finding the Dream: Which Tax Cut is Most Progressive and Stimulative?Hal Horvathhttp://www.blogger.com/profile/10851897967853698214noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7528589270719683929.post-45312831638222887442009-02-06T00:04:00.000-06:002009-02-06T00:04:00.000-06:00hedera, I've a draft of some solutions for the lon...hedera, I've a draft of some solutions for the long term federal budget balance. About Social Security a key insight is to realize that magic number of retirement at 65 is from an age where people did not live so long as now. Becuase we live much longer we inevitably must work at least part of that extra time, or make do with an extremely modest amount of benefits. I'd prefer the former, but Hal Horvathhttps://www.blogger.com/profile/10851897967853698214noreply@blogger.comtag:blogger.com,1999:blog-7528589270719683929.post-22734151452898735472009-02-05T21:50:00.000-06:002009-02-05T21:50:00.000-06:00This is all true, but it begs one huge question: ...This is all true, but it begs one huge question: what about the Social Security (and especially the Medicare) entitlements? Any payroll tax holiday would have to have one of two things associated with it, either:<BR/><BR/>1. An absolutely ironclad sunset date, because once the FICA tax goes away, NO ONE will want it ever to come back; or<BR/><BR/>2. Some other unassailable way to fund Social hederahttps://www.blogger.com/profile/01696592301686568456noreply@blogger.comtag:blogger.com,1999:blog-7528589270719683929.post-63553387439492895352009-02-04T12:25:00.000-06:002009-02-04T12:25:00.000-06:00Strongly agreed. FICA stands as a disincentive bot...Strongly agreed. FICA stands as a disincentive both to work, and to employ. Lowering or eliminating it would encourage "welfare" recipients to work, and it would encourage business owners to hire.<BR/><BR/>The natural flow of wealth is from those without, who generate value to those with who consume value. If you want to increase a river's flow, you do not dump water in the ocean.Anonymousnoreply@blogger.com