The Majority Report: Jonathan Alter- 'On His Calls For Democrats To Embrace Entitlement Cuts'

Source:The Majority Report- with Sam Seder and Jonathan Alter.

"Bloomberg View Jonathan Alter, argued that cutting entitlements will guard investment in discretionary spending, guess how Sam felt about that argument? Sam and Jonathan debated whether or not CPI was a cut and agreed that the wealthy should pay more taxes...

This clip from the Majority Report, live M-F at 12 noon EST and via daily podcast at:The Majority Report." 

From The Majority Report

Jonathan Alter makes a very good point about the so-called entitlement programs and that the language about how they are talked about. Or what they are called should be changed and that social insurances would be a better way to describe them. 

Alter arguing that the people would collect these social insurances simply when they need them rather than when they reach a certain age. And that if the wealthy who don't need these programs receive these benefits, that they should be taxed on them. Not at hundred- percent, but based on how they would be taxed if that was their total income without the earned income tax credit. And that these should be done for a couple of reasons.

One, for the good of the programs so the finances of them are sured up.

Two, because the wealthy can afford to pay the tax without hurting the economy. 

Social Democrats (what I call so-called Progressives) don't like talking about reforming the social insurance system, unless it's about taxing more and spending more on them. But what they don't seem to understand that if these programs aren't eventually reformed, they aren't going to be around to support.