Social Security "Boost" is Half The Story. The Numbers and the Propaganda today.
Today I will show you how the NY Daily News is covering the SS numbers. The Daily News is an entirely Big Corp, GOP, Capitalism operation.
True, but if you add in the 5 previous years when there was no COLA that 1.65% would be a great deal lower.
And my Main Point is that the monthly Medicare contribution grew from $23.00 dollars per month, and a yearly $280.00 to $148.00 per month and $1,735.00 Yearly in the years from 2007 until today.
The NY Daily News fails to mention this. True, we do not yet know what the Medicare deduction will be, but I bet it will be large enough to hurt those who need this money the most.
Social Security payments are pegged to our contributions while we are working and so they vary. This is Progressive.
Medicare deductions are the same for all of us up to a certain yearly income. REGRESSIVE. Punitive. By Design. (IDK what that ceiling is. I mentioned to granma on another thread $87,000 yearly but I realize that may be inaccurate.)
The workers who earned the least wind up paying a higher percentage of their checks. FDR would be rolling in his grave.....