Bernie Sanders, who openly acknowledges he is a socialist, said that the amount of earnings that are subject to the payroll tax each year is capped, however, at $118,500. Of course, many of us know all caps are temporary caps. That Social Security cap has been increased consistently.
Income above that $118,500 is not subject to the tax, which means an individual who makes more than $11 million a year, for example, would only pay into the fund on the first $118,500 of income.
“That is patently unfair,” Sanders said. “If we apply the Social Security payroll tax to income above $250,000, we could immediately bring in enough revenue to the Social Security trust fund to extend it for decades and also be able to increase benefits.”
To whom is this “patently unfair?” It is certainly unfair to those who would pay more. Notice Sanders does not propose the high wage earner receive greater benefits for their greater contribution but that these higher taxes be used to expand benefits for others. Many of his socialist colleagues in congress are saying that the high wage earner should have his benefits cut despite having his contribution increased.
So I repeat, to whom is this “patently unfair?” Remember what Karl Marx said, “from each according to his ability to each according to his need.” This is exactly what Bernie Sanders is proposing. Sanders said if we take from certain American Citizens we can give more to other American Citizens. Marx said we must centralize all proceeds from labor and share fairly with all whether they are working or not. That would be a 100% confiscation of all earnings of American citizens.
Sanders, Obama, Jarrett, Marx, and all Marxists say it is only fair when productivity never enters the equation for what people receive. These Marxists say what is fair is when all receive on needs as the Marxists define need.
Our founders told us, “A Democracy will cease to exist, when you take from those who would work and give to those who would not.”