Top Of My Head

Thoughts on everything from Politics to Video Games

Date: August 3, 2008

Again with the Economy

Perhaps, I’m missing something. I’m reading this week’s Time magazine and they’ve included a voter’s guide to Obama and McCain’s plans for the economy. Under Obama’s plan, he would end Bush’s tax cuts for families making more than $250,000 (with which I agree), raise the capital gains tax and give tax credits to singles and families. McCain wants to make Bush’s tax cuts permanent (which I oppose), reduce the corporate tax (as I mentioned last week) and here’s a new one — “He may be open to the possibility of a higher Social Security payroll tax.” What does that mean?
8% of my salary goes to Social Security. Is he going to raise that? And, with that raise, is he going to guarntee that Social Security will be there when I retire? Or, is he going to lift the cap, so that those earning more than $92,000 a year pay on their whole salary? I would support lifting the cap.
Think about it. If you make $50,000 per year, you pay Social Security on that whole amount. That comes to $4,000 or 8%. If you make $100,000 a year, you pay only on $92,000, which comes to $7,360 or 7.36% of your salary. So, percentage wise, the person who earns less pays more than the person who earns the most. Does that seem fair to you?

God Bless

Rude People

Last night, Cheryl and I go to Grayslake, IL to sing Karaoke with my mom and dad. Okay, truth time, Dad and Cheryl don’t sing. Dad doesn’t sing because, well, I love him, but he sucks at singing. And, Cheryl is too shy. She has a pretty voice, but no confidence.
Anyway, turns out the Last Chance Saloon is holding qualifiying rounds for their Karaoke contest. Mom and I sign up and — I won’t hold you in suspense, we qualified. Not to brag, but I didn’t really have much doubt that we would. We’re pretty good singers.
What I couldn’t understand is what was up with the crowd. They were pretty loud and obnoxious — even by bar standards. You could hardly hear yourself sing, much less whomever was up there singing. What I really couldn’t understand is how rude the friends of the singers were. They would make so much noise during everyone else’s performances it was unbelievable, but they didn’t even quiet down for their own friends. You’d think they’d be a little quiet so you could hear the person they came to hear, wouldn’t you?
Well, I’m sure it’ll be a little better once the finals get underway next month.
God Bless

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