Treadmill

People who lean toward socialist ideology rarely can grasp the simple concept of supply and demand. The promoting of government mandated entitlement programs
will eventually wreck us.

Today I got an E-mail from our corporate office indicating that the cap on wages taxed for social security has been raised once again. When I started
contributing to this program in 1970, the cap was just above my salary. At that time I thought that I would someday be above the cap with a little hard work and
promotions.

The cap is still just out of my reach forty years later. I feel like the mule tied to a cart chasing a carrot. Further, I fully anticipate that any supplemental retirement income that I may have in place when I retire (401K, IRA, real estate investment income), will be used to supplement or replace any social security benefits that I would be allowed if I could retire today.

This same principal has been used to keep the middle class in its place by tinkering with the income tax code. I've noticed that when I start taking advantage
of a tax deduction that is allowed by the wealthy, it gets taken away or the bar gets raised. Or even worse, I get audited and wind up spending thousands of dollars on lawyers or accountants.

I'm tired of being on this treadmill. There is no incentive to keep pulling the cart except to make a living.