Elizabeth Warren Plans 14.8% Payroll Tax Hike On $250K Incomes To Expand Social Security
Via Elizabeth Warren
I’ve dedicated most of my career to studying what’s happening to working families in America. One thing is clear: it’s getting harder to save enough for a decent retirement.
A generation of stagnant wages and rising costs for basics like housing, health care, education, and child care have squeezed family budgets. Millions of families have had to sacrifice saving for retirement just to make ends meet. At the same time, fewer people have access to the kind of pen
glad shes fessing up to this bs early, so we can get her off the stage. she’d be a better senator. Gillibrand was our best hope. harris now is the ‘not that crazy’ one. she could bear djt, but she’s a bit of old school party politician.
we dont need to raise taxes on earned income. we could raise taxes on passive income as they are very very low. we could also reduce military spending (move retirement age up a bit is needed) and SocSec will balance out. its simple, but not easy
agree on all points.
Ditto.
Cap on amount subject to SS witholding also should be lifted.
I continue to believe Kamala is the best choice, not only in terms of being a centrist, but in terms of being able to challenge Trump head-to-head (he would have a hard time with a prosecutor in a debate, not because she’s necessarily intimidating, but because she’s trained on how to corner people who are lying).
Problem is that Biden is sucking all the support away from Harris. All that centrist vote share is sitting with Joe, who, clearly, isn’t what he used to be and ain’t up for it, as much as we’d all like for him to be.
Joe needs to drop out so we can find out if Harris actually has a shot. Maybe she doesn’t. Maybe Joe drops out and her vote share doesn’t improve. In that case, she should just get off the stage. But my guess is, if Biden dropped out, Harris would go to the top of the field barring some kind of debate stumble
incidentally, we completely admit to having high hopes for Beto to begin with. if you watched his Texas Senate run, you’d have been crazy not to assume he wouldn’t at least be able to translate some of that energy into a White House bid, but the spark just died.
This type of policy clarity is what people want to see, but yet this is what will cause further fragmentation within the Democratic party. Nonetheless, pushing forward agendas to test the waters will be helpful to see what floats and what doesn’t. I agree from comment below that Biden needs to drop out and then going forward clarifying positions on policy have to be framed in a balanced way, uniting the party with a clear message. Warren is on the money and right, but the mechanics of how to bring about change need fine tuning.
Ask anyone making $250K/yr. and living in SF or NYC if they feel “rich.” Given the cost of living in these cities, it feels a lot more like working class.
I generally agree with this sentiment, but I would note that if you’re single (like i’ve pretty much always been), you can live pretty good in NYC on $250k. Not great, but better than “working class”.
I can’t speak to SF. Never lived there. And I’m sure a household with kids would be a totally different story
Sure, you can live decently, but you’re not going save much, and that’s assuming you’re okay with a 700SF 1 bedroom apt. The $250K – $500K / yr. crowd are the tax donkeys of this country while those who walked into wealth sit pretty on money that “works for them.” How about jacking up taxes on foreign investment in real estate, and on second homes and vacant properties owned through LLCs, so that everyone else in these cities can afford a place to live.
How about jacking up taxes on foreign investment in real estate, and on second homes and vacant properties owned through LLCs, so that everyone else in these cities can afford a place to live… You could win the White House on a platform like that.
I was afraid to find unanimous support for Warren from the left leaning locals. Happy to find reasonable voices here. With $250K income, you can finance maybe a $1million mortgage which will probably buy you a 1 bdrm apartment but not a particularly good one and not in most desirable parts. That’s the “rich” she wants to tax.
It’s like they are competing for the distinction of being the craziest of the bunch. She and Bernie are in dead heat. Beto is not far behind.
I think Warren is right on about who really needs help in the country with streets paved with gold. I also agree that a closer look at where the money would come from could be fine tuned, but I think she’s pointed in the right direction. And I think if all the people who would be in line to receive the benefits got the message, that represents a lot of votes.
not only in terms of being a centrist, but in terms of being able to challenge Trump head-to-head
ah, think about Amy! she had won every battle she entered, she is a centrist, works across the aisle, she is sharp as a tack and not likely to tolerate any of Trumpster’s bs