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An Open Letter to Our Dysfunctional Federal Leaders
I note with some frustration that most of the budget cutting proposals on the table back there rely on significant cuts to programs such as Social Security, Medicare, Military Retirement, TFL and similar “entitlement” programs.
You may fool many of my peers with that title but all those programs were purchased with money or service. I, as many of our military retirees, am willing to take a hit. I am not willing to take that hit alone. I am particularly incensed that those receiving earned benefits are now being treated as leeches allegedly demanding unearned government largess.
If we are to be targeted, I expect a return to 60-70% top marginal tax rates on those making more than several million per year (the economy will survive as it did before). I expect an end to the ability to use the provisions of capital gains to avoid paying taxes on salary. I expect a general tax increase on everybody (with specific protection to avoid whacking the veteran with cuts and tax increases where both are not broadly shared). I expect a complete review of the “social safety net” to consolidate programs and focus those programs on rapidly and jointly returning recipients to productive employment. I expect a gradual phase out of all deductions/ adjustments/ exemptions in the tax code to eliminate the perverse incentives therein. I expect a 70% reduction in remuneration to current and prior service plum book employees and Congressional members for about ten years in retribution for getting us into this mess.
Either we all share or nobody shares. We, the taxpayers, did not cause this financial disaster. We the veterans and seniors did not cause it. You elected officials in buying votes caused it. I have never been so angry in my life at the charade going on in DC right now. Wake up or move on!