Ben Carson:
"You know
Obamacare is really I think the worst thing that has happened in this nation
since slavery," Carson, who is African American, said Friday in remarks at
the Values Voter Summit in Washington. "And it is in a way, it is slavery
in a way, because it is making all of us
subservient to the government, and it was never about health care. It
was about control."
Dr. Carson,
We are subservient
to government when they take 3% of our pay from our employers and 3% of our pay
from our paychecks and put them in a Social Security trust fund.
What I would do as
President
End the Social
Security Administration. 30 and under
receive 90% of S.S. benefits that they paid in (lump-sum check). 30 and over receive 90% of S.S. benefits that
they put in (lump-sum check).
Instantaneous
benefits for the Federal government: $12.3 billion saved in 2014 from the
Federal Budget for running the Social Security administration.
Benefits for the
American people:
Few workers understand the tax burden
of the Social Security system. On their paychecks, they see that 6.2 percent of
their gross pay goes to pay for Social Security. What they don't see is that
employers match this tax payment with an equal 6.2 percent payment. It may seem
that employers are paying half of the Social Security taxes, but that's not the
case. Even though the employers are legally liable for one-half of the tax,
they shift the tax onto workers in the form of lower gross wages. Therefore, the
Social Security tax burden, 12.4 percent of each worker's gross pay, falls on
workers. Half of this burden is hidden from the workers.
As
an example, suppose you make $40,000 a year (which is below the median income
in America). 6.2% of your $40,000 salary
is $2,480 per year and your employer matches the 6.2% (which really comes out
of your salary and is counted as a "benefit") of your salary for
another $2,480 per year. This means that
if YOU earn $40,000 per year, you and your employer are forcibly sending $4,960
per year to the government. For someone
making the median US income of $51,000 a year, that number balloons to $6,300 a
year.
There are no deductions for the Social Security tax. All
income is taxable income. Even those in the lowest income brackets have roughly
one-eighth of their income taken from them to fund the Social Security
system. This is for an
"insurance" policy that returns a $1,000 or so dollars per month
after you turn 65 or 67.
The
government can CONTROL how much they want to provide to you every month when
you retire. You have no control over how
much you get every month. On top of
this, the government controls how much your increase is every year due to
inflation. Since the government creates
their own statistics for inflation (and since they grossly underestimate it),
you are losing out.
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