SOCIAL SECURITY it appeals to the rich don't you think? (read details)?

Pretend you just bought 2 million worth or stock say 5 years ago in Exxon Mobile it would now be worth 4 million so you now have made 2 million if you sell you equity and if you did it's a profit so you don't have to pay ANY SOCIAL SECURITY becasue you didn't ACTIVELY participate in the income. Now pretend your like the 2 million people LITERALLY who work at wal-mart or the half million who work at Starbucks you will have to pay SS on your POOR PAYING JOB. Say you WORK HARD everyday trying to keep your family business alive STRIVING to make it well guess what your actively participating in your income so you have to pay Social Security. NOW PRETEND your rich and you own 3 FRANCHISE MCDONALDS and you have hired good managers at all 3, you love golfing in the warm whether so you spend all your days in Florida golfing getting the checks in the mail from Mcdonalds profits and you only check on them once a year. GUESS WHAT? No social security must be paid you didn't participate in it.

SOCIAL SECURITY it appeals to the rich don't you think? (read details)?
Social Security hurts everyone. I can get the SS money and put that into an IRA and profit even more. Get rid of it.
Reply:No because the owner created jobs, and what ever he gets paid from the business is taxed, and social security is included in that.
Reply:Social Security is not an entitlement. It is paid by people that work and no matter what their income, they should receive Social Security that they are promised. It should not be a means test. Otherwise, everyone will not bother saving for retirement if they lose their Social Security.
Reply:You are confusing money earned from investments with money earned from employment, or work. An employee who invests part of his or her income from work (which social security would be deducted from) into Exxon Mobile stocks (to use your example) would not pay Social Security tax on any earnings from sale of those stocks.


Additionally, there are other taxes which apply to returns on investments, even though social security is not collected from those returns.


Bear in mind that the top 1% of income earners in this country pay somewhere between 35 and 40% of the total tax burden, and most do not draw Social Security. Therefore, it is false that Social Security favors the rich.
Reply:not sure

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