The 1 Percent “Work” Harder? – Support For The BEST Social Security Mod Plan!

The 1 Percent “Work” Harder? – Support For The BEST Social Security Mod Plan!

 As recently reported by the Huffington Post, http://www.huffingtonpost.com/2014/02/05/sam-zell-1-percent_n_4733196.html Sam Zell defended recent comments by Tom Perkins and was quoted as saying, "The 1 percent work harder. The 1 percent are much bigger factors in all forms of our society."

In addition to proposing a three tier Social Security payroll tax rate, one of the basic tenets of the BEST Social Security Modernization Plan is eliminating the loophole found in Section 211 (a) 1, 2, & 3 of the Social Security Act which excepts rental income, dividends and capital gains from paying the otherwise compulsory Social Security payroll and self employment taxes.

So what did Mr. Zell say? He said the 1 percent “work,” and they “work harder.”

Certainly one can also make the case that many if not most of the 99 percent work very, equally hard, but I certainly agree that the 1 percent “work.”

Some workers work using their physical skills. Others work using their mental abilities. Others work using a combination of physical and mental skills. However, the 1 percent’s preferred mode of work is using their wealth to work and this work should be subject to paying the 6.2%/12.4% Social Security payroll/self-employment taxes and that once, this form of “Zell defined work” is defined as work, as wages, as self-employment income, this income should be subject to paying federal income taxes at the same tax rates that every working man pays their income taxes.

Thank you, Mr. Zell for justifying and buying into the BEST Social Security Modernization Plan.

Now, if we can only get Congress and President Obama to see the light and support the BEST Mod Plan.

It’s a no brainer! Or is that is the etiology of the problematic resistance?