Lift the Cap on Social Security

Protectionist

Dec 2012

677

13

Florida

• Dec 29, 2012

• #1

Lot's of things are amazing in our present day society. But none more than the cap on paying Social Security taxes. Social Security taxes don't apply to income over $110,000/year.

Does anybody see the logic in that ? If we made all income subject to Social Security tax, there would be no need to raise the retirement age, and it would close the Social Security solvency gap for a hefty 75 years.

Excellent article by Ezra Klein in the Washington Post:

http://www.washingtonpost.com/blogs/...etirement-age/

 

T

tecoyah

Oct 2012

4,429

1,084

Louisville, Ky

• Dec 29, 2012

• #2

This would be termed "Class Warfare" by certain players in the political...thus a bit taboo.

 

Protectionist

Dec 2012

677

13

Florida

• Dec 29, 2012

• #3

tecoyah said:

This would be termed "Class Warfare" by certain players in the political...thus a bit taboo.

Click to expand...

Those who indignantly hide behind the call of "Class Warfare", have been waging "Class Warfare" themselves, all along.

 

T

tecoyah

Oct 2012

4,429

1,084

Louisville, Ky

• Dec 29, 2012

• #4

agreed...but, does not change the reality.

 

Protectionist

Dec 2012

677

13

Florida

• Dec 29, 2012

• #5

tecoyah said:

agreed...but, does not change the reality.

Click to expand...

Doesn't change what ?

 

T

tecoyah

Oct 2012

4,429

1,084

Louisville, Ky

• Dec 29, 2012

• #6

tecoyah said:

This would be termed "Class Warfare" by certain players in the political...thus a bit taboo.

Click to expand...

This....it cannot be more clear, any failure to understand my comment is on you.

 

Protectionist

Dec 2012

677

13

Florida

• Dec 29, 2012

• #7

tecoyah said:

This....it cannot be more clear, any failure to understand my comment is on you.

Click to expand...

Who cares what they call it ? We should just lift the cap. There's no sense for it to be there. If they don't like it, F-CK 'M.

 

myp

Jan 2009

5,841

50

• Dec 30, 2012

• #8

Probably a good idea to lift the cap. Surprising that you linked to Ezra Klein though given your general politicization of these topics and intellectual dishonesty when it comes to things like Supply Side economics, Reagan, etc. But kudos to you for that- I hope you aren't cherry-picking what logical analyses you link to, read, or believe though.

 

chris7375

Jun 2012

740

8

Stuart

• Dec 30, 2012

• #9

This is one of the few programs that the government created that I am all for. I believe we should take care of our retired workers. Medicare would be the other program that I am all for. Should we raise the cap I think we should.