Thursday, September 20, 2012

End the tax on employers for hiring people



The federal government claims to be concerned about job creation, and yet, they tax employers for hiring people.  This seems to be a little counterproductive to me.  If the government wants someone to do something, that last thing the government wants to do, at least in my opinion, is to tax it.

Of course, this means the government would need to take the politically unpopular action of eliminating Social Security and Medicare.  But, really, that system is already broken, and should be eliminated.  Perhaps if we just started to phase Social Security out, we might find that there are better alternatives than depending on our government to actually keep our money to fund our retirements (which isn’t really happening anyway).  At the very least, we should make Social Security and Medicare benefits “needs based,” whereas now, the benefits are received whether they are needed or not.  I doubt there are many millionaires that legitimately need an extra $2,500 or so every month.

In short, I don’t want the government to continue pretending to be looking out for my future, when in fact they are just making my life harder now.  If the government really wants to help us, they should be giving tax credits for job creation rather than taxing employers for creating jobs.

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