Too poor to benefit from LibertySubmitted by pingish on Thu, 10/25/2007 - 03:44
At dinner tonight, I was in a heated debate with probable-Giuliani supporters (they're New Yorkers) and said that Libertarianism is too idealistic and wouldn't work because it is stacked against poor people.
Frankly, I was stunned. "The poor *needs* government support because they cannot help themselves. Left to the free-markets, the rich would never give to causes that help the poor and the divide between rich and poor would grow," they said.
I stated that the tax system that funds the government is rigged against the poor... my example: the social security tax cap of $90,000.
For those who don't know, the IRS stops charging the social security after you make MORE than $90,000.
If you made $50,000, you pay $3,100... or 6.2% of your income.
If you made $90,000, you pay $5,580... or 6.2% of your income
If you made $200,000, you pay $5,580... or 2.8% of your income.
After it became clear that fighting the tax system sided with the poor, they attacked my libertarian/Ayn Rand principles of not being self-focused.
So my question to you: What is your socio-economic level? And do you think that liberty benefits only the rich?
Disclosure: I think I'm middle-class and I think the poor have the most to gain from liberty.