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Rick Santorum Meet and Greet Nov. 1 Part Two

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Uploaded on Nov 9, 2011

Presidential candidate Rick Santorum appeared in Albia, Iowa, on November 1, 2011, to meet with voters. In this second segment of his meeting, Senator Santorum speaks at length about Social Security and taxation, including:

- the Social Security system as a safety net for people when they are "old and unable to work"
- changes in the Social Security system caused by the increased life expectancy in our country
- the reason for the cap on income that is taxed for Social Security purposes
- how higher-income people such as Warren Buffet figure out ways in which to make income to avoid taxes

"When 70% of Americans take Social Security benefits, take their eligibility at age 62, it really is no longer a program that takes care of people who are old and unable to work. Most people who are 62 years old, the vast, vast majority are perfectly able to work."

"One of the people who used to be the most against doing that [turning the program into a welfare transfer tax] at least initially was Ted Kennedy. Because he was really afraid that you would make the Social Security program very unpopular among higher-income people, because it would be a rip-off to them. And it would be...in fact, some of the proposals under Social Security say if you take the cap off, all the money that would be contributed, they wouldn't get any benefits for."

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