Is there opportunity in the current social security tax format. If these taxes were moved directly into sales tax. The monies could be redistributed into our economy in a fluid movement. Those individuals that are apart of the working class would have more choice in where/what they are investing in. The effect could change our economy in a way that gives more skin in the game for the smaller investors. Comment below and let us know your opinions!
1. What is the proposed change regarding Social Security taxes and sales tax?
The proposal suggests redirecting Social Security taxes into sales tax, potentially providing working-class individuals with more investment choices.
2. How would this restructuring affect the economy?
Proponents argue that this shift could inject funds into the economy more fluidly, potentially empowering smaller investors and changing the economic landscape.
3. What benefits are expected from this change?
Advocates suggest that it could offer individuals more control over their investments, potentially leading to increased economic participation and empowerment.
4. What are the potential drawbacks or challenges?
Critics may raise concerns about the impact on Social Security funding and the regressiveness of sales tax, which could disproportionately affect low-income individuals.
5. Would this proposal require legislative or constitutional changes?
Yes, such a significant restructuring would likely require legislative action and careful consideration of its implications for both Social Security funding and the tax system.
6. How can individuals participate in the discussion on this proposal?
Those interested in sharing their opinions or learning more about the potential implications can engage in discussions, forums, or social media platforms dedicated to this topic.
