National Catholic Reporter

The Independent News Source

Meyerson: Follow the Money

In this morning's Washington Post, Harold Meyerson points out that those who are panting after deficit reduction need to recognize that the source of wealth in America has changed over the past decades, and that the on-going disparities between the way investment income and wages are taxed is part of the problem. There is no FICA (Social Security) tax on investment income, nor any Medicare tax. This has to do with how these programs were originally devised, but there is no moral reason to reward income earned by the sweat of someone else's brow over that earned by one's own.

NCR Comment code: (Comments can be found below)

Before you can post a comment, you must verify your email address at Disqus.com/verify.
Comments from unverified email addresses will be deleted.

  • Be respectful. Do not attack the writer. Take on the idea, not the messenger.
  • Don't use obscene, profane or vulgar language.
  • Stay on point. Comments that stray from the original idea will be deleted. NCR reserves the right to close comment threads when discussions are no longer productive.

We are not able to monitor every comment that comes through. If you see something objectionable, please click the "Report abuse" button. Once a comment has been flagged, an NCR staff member will investigate.

For more detailed guidelines, visit our User Guidelines page.

For help on how to post a comment, visit our reference page.

 

Feature-flag_GSR_start-reading.jpg

NCR Email Alerts

 

In This Issue

August 29-September 11, 2014

08-29-2014.jpg

Not all of our content is online. Subscribe to receive all the news and features you won't find anywhere else.