Is Reducing Taxes for Seniors a Trap?

A Movement to Reduce Taxes For Seniors

We are seeing a movement to reduce taxes on seniors, and it is a blatant attempt to make ordinary people fight among themselves instead of uniting to fight against the ruling class. Trump's One Big Beautiful Bill included an increased deduction in taxable income for seniors, and many states offer partial exemptions on property taxes for seniors. States are also promoting income tax breaks for seniors.

One argument for reducing taxes on seniors is that many seniors live on fixed incomes, which do not rise as the value of their homes rises. Younger people, it is said, benefit from increased salaries in inflationary times, while seniors do not. Another argument is that seniors have “paid their dues” and so, they should be exempt from taxes in retirement.

The Movement Ignores Reality

The problem with both of these arguments is that they ignore the fact that there is a wide range of income and wealth among seniors. Some old people struggle to get by while others are quite well to do. Some are very rich. It makes sense to provide tax relief for seniors who struggle to get by but not because they are old. It makes sense because in a country as rich as ours, everyone can easily be provided with a decent minimum standard of living.

The seniors who are well to do or rich are a different case altogether. A person who is living comfortably can well afford to pay taxes just like the rest of us. A person who receives a sizable amount of passive income from retirement accounts or other investments does not need to be subsidized by the young. Moreover, seniors are big users of public services like Medicare and Social Security, and there is no good reason to allow them to shift the cost of those services to the young. In short, seniors who are poor should be helped because they are poor, not because they are seniors.

An Attempt to Split The Forces of Social Justice

We should see the movement to exempt seniors from taxation for what it is. It is a blatant attempt to create a rift between the old and the young in order to prevent them from uniting to work for a more just and equitable society for all of us.  Just as the ruling classes in the United States have often promoted racism to split the working class and to defeat labor unions, the ruling classes now promote special treatment for the old. We who care about social justice should avoid succumbing to pleas to provide special treatment for the old because such pleas are designed to weaken us in our struggle.

Keep the Focus on Social Justice For All

We must maintain a focus on proposals to advance the cause of social justice for everyone. A decent national healthcare system would benefit all Americans. A system of free post-secondary education would benefit Americans throughout their lifetimes by eliminating the crippling debts that burden Americans today. It would make it easier for young people to save for retirement, and it would relieve parents of the need to provide support for their grown children. Affordable childcare would benefit all Americans because it would allow working families to earn and to save more on their own. The baby bonds proposed by Darity and Hamilton would help to reduce the unreasonable disparity in income between lower and upper-class people that exists in our country today. These are the kinds of things that we need to focus on, and we should not allow ourselves to be trapped by proposals that encourage working Americans to fight against each other.