FROM THE
Unleash Prosperity Hotline

Social Insecurity

In the early 20th century, the “progressive” supporters of creating a federal income tax promised: don’t worry it will never go over 10%. It started at 7% and 10 years later it was 70% during World War 1.

That was the same with Social Security and the payroll tax to fund it. Don’t worry it’s just a 1% tax on the worker and 1% on the employer. Harmless.

But then they proceeded to raise the tax more than 15 times over the decades. Now it’s 15.3%. That’s one reason that wages haven’t grown as fast as they used to.

So they’ve raised the tax rate 15 times and the system is still going bankrupt. This reveals the absurdity of Senators Elizabeth Warren and Bernie Moreno telling us that blowing the income cap off the tax and taking $3 trillion more out of Americans’ paychecks will fix the problem.

We won’t be fooled again.

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