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Why would you make people pay more into the plan unless you are going to allow them to collect more?
so the $50k-$100k earners aren't the only ones who get screwed by social security. The $100k+ earners should have the opportunity forced upon them to be screwed by it, too, at a full 100% of their income, just like me.
They pay more because they have more to pay with. Eliminating the cap on taxable income restores progressivity to a currently very regressive system.
it's a little more complicated than that.
the way SS takes money in is regressive, yes, benefitting the very high earners as a % of their incomes.
however, the way SS pays money out is progressive, benefitting the poor.
the people who have it the worst are those that pay 100% of their incomes, but do not get as much of a payout as they put in. these people are neither at the top nor the bottom.
Last edited by Cletus Awreetus-Awrightus; 09-15-2011 at 07:29 AM..
so the $50k-$100k earners aren't the only ones who get screwed by social security. The $100k+ earners should have the opportunity forced upon them to be screwed by it, too, at a full 100% of their income, just like me.
In case you had not noticed I support Senator Sanders because I am very far left of Socialist. We need to establish a just and fair economy that provides a real market for everyone from the bottom top the top. We need a guaranteed basic pension for all of our people not just the wealthy. We need complete health care for all not just them that can afford it. We need to protect our government from business as much as protecting it from any other religion.
We need more Bernie Sanders. We need an honest Huey Long. We need One Big Union. We do not need the Bushes or the Obama’s.
It needs reforming because otherwise it is toast.The democratic unions are not going to pay any tax on their benefits for sure;they rejected that in the healthcare bill. Can you imagine them agreeing to pay SS and income tax on average of 13000+ per year per workers employers pay in healthcare benefits as just released.Some are more than 20000+ that is just a average.
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