David Cay Johnston on transfer of SocSec tax increase to the uberwealthy/ Email to Obama!
To the keyboards, ciitizens!
David Cay Johnston appeared on Lou Dobbs last year, January 25, 2008, to explain how the Greenspan Commission "pay ahead" increase in SocSec taxes did not go into paying off the deficit or into a SocSec 'lockbox," but into tax cuts for the uberwealthy.
John in Sacramento titled his diary: How Social Security “Reform” Was Used to Launder $1.7 TRILLION into Tax Cuts for the Wealthy. (Additional good links in comments.)
I think Obama and his cabinet, staff, our Congress Critters need to watch this. And then they should read Johnston's book, Perfectly Legal: The Covert Campaign to Rig Our Tax System to Benefitthe Super Rich - and Cheat Everybody Else. (As should we all.)
As Avedon wrote (second paragraph):
Baby-Boomers didn't just pay for their parents' retirement during their working lives, but also for their own, thanks to Ronald Reagan giving us the biggest tax hike in American history - on payroll taxes. (My emphasis)
Email, call, write LTE's, use Avedon's line.
Since Obama put fixing SocSec squarely on the table in his speech last night, I hope the A-Listers will begin to pay attention. (Josh? Maybe we need email Josh with this video and Avedon's great point.)
Check out this post and comments as well.