The “Grand Bargain”
is Grand Larceny
When politicians propose a “Grand Bargain” to reign
in “entitlements” we should ask, “Grand”
for whom? Such a “bargain” would be grand for the
1%, disastrous for the rest of us. Social Security is already
the best bargain we as a society have ever made, our most-loved
and most successful federal program, a single-payer insurance
system for us all, our social contract with each other.
When we purchase private insurance, we rightfully expect that,
should the dreaded outcome we insured against occur, our insurer
will honor our premiums and pay our full benefits.
As an average middle class wage-earner, I project to receive
about $15,000 a year when I turn 70. Little enough to provide
real security in these times. Chained CPI could take away as much
as $1,000 per year when I get older.
As employers we paid in our workers’ shares in good faith.
As workers we paid in our own shares in good faith. We expect
our premiums will be honored. To those who would take away our
benefits: remember that revolutions have been fought for less!
What kind of “bargain” would abrogate our social
contract, break our government’s agreement with us? That’s
no “grand bargain,” that’s grand larceny! Contact
your Representatives and Senators and tell them so.
Exalt our Labor!
Tell them about these two simple provisions that would restore
fairness to our Social Security system, enable it to increase
benefits, and guarantee its solvency forever.
• Presently wages above $113,700 pay no Social Security
tax. The working poor and middle classes pay their full share.
Wealthy workers don’t pay their fair share. Tax all working
• Presently unearned income pays no Social Security tax.
When I work I create value. When I sell stock for a profit or
receive dividends I create no value. Yet I am more heavily taxed
for my earned income that creates value than for my unearned income
that creates none. Tax all income, earned or not, equally.
Our society has placed higher value on capital than on our own
labor. Let us exalt our labor, and elevate it to an equal footing