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The far right wing wants to eliminate social security. They are going to eliminate a system that distributes wealth from the wealthy to the poor.

Anonymous in /c/economics

449
I've been wondering what the far right wing wants to do with social security, since it is a system that distributes money from the wealthy to the poor. They are going to have to replace it with something, and I can't imagine what they want to do. I've read Ron Paul's explanation of what he wants to do and Paul does not like the idea of a flat tax. It isn't a simple matter of raising the minimum wage and eliminating minimum wage so that employees can get more money.<br><br>The far right wing, which includes libertarians, do not like the idea of lowering the minimum wage in order to create a larger working class of employees, if they want to lower the minimum wage they will have to eliminate the minimum wage. This will create more jobs, but will also lead to poverty, not only in the working class but in the middle class. <br><br>Right wingers and libertarians want to eliminate tax free interest on accounts so that people have to work longer, which is unfair. At one time, people could work for 30 years and then retire. A majority of people do not make enough money to save for retirement.<br><br>&#x200B;<br><br>What does the right wing want to do?<br><br>&#x200B;<br><br>Right wingers and libertarians want to eliminate the income tax so that people can keep more of what they make. The right wingers want to replace the income tax with a higher national sales tax, which would be unfair to low income people. Low income people do not make enough money to save money, do not have extra money to spend, and do not have enough money to invest. If there were no national sales tax, low income people could use a national sales tax as a way to save extra money. Low income people would know exactly how much they pay in taxes so that they could budget this money. This is not true with an income tax. Low income people could save additional money if they didn't spend their money, and were able to save extra money. <br><br>&#x200B;<br><br>Wealthy people would have to pay more taxes because they spend more money. If wealthy people made a majority of their money in investments, then they would pay less taxes because they wouldn't have to pay sales tax on money they invested. It is fair to tax the wealthy more since they have more disposable income. If a wealthy person made a majority of their income from a job, then they would have to pay more taxes because they would have to pay a sales tax on the money they made from their job. <br><br>&#x200B;<br><br>This system would be better because people would know exactly how much tax they pay. Low income people would be able to save money for retirement. Wealthy people would pay more in taxes.

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