SCRAP THE CAP It’s very easy to make Social Security work. At the present time, Social Security taxes are only deducted on the first $118,500 of income. If people making more than that paid the same percentage as those below it, it would save the program for eternity. At the time SS began, the income inequality gap wasn’t such an issue. Now, with 1% of the people having as much wealth as the bottom 90%, all that would be necessary for the entire country to work for everyone is to have that 1% pay their fair share
fuzzbucket Premium Member about 4 years ago
Don’t worry about it. Covid 19 will kill a lot of us geezers, so Social Security should be solvent a few more years.
well-i-never about 4 years ago
Here’s an idea. Raise the Social Security tax and drop the $137,000 limit.
Diane Lee Premium Member about 4 years ago
SCRAP THE CAP It’s very easy to make Social Security work. At the present time, Social Security taxes are only deducted on the first $118,500 of income. If people making more than that paid the same percentage as those below it, it would save the program for eternity. At the time SS began, the income inequality gap wasn’t such an issue. Now, with 1% of the people having as much wealth as the bottom 90%, all that would be necessary for the entire country to work for everyone is to have that 1% pay their fair share