Sen. Sanders Introduces Bill to Lift the Payroll Tax Cap,Ensuring Full Social Security Funding for 75 Years (how much, economy)

[Kerby W-R]

Here's the article about Senator Bernie Sanders' bill that will ensure funding for social security for the next 75 years.
Bernie Sanders Introduces Bill To Lift The Payroll Tax Cap, Ensuring Full Social Security Funding For Nearly 75 Years | ThinkProgress

[AeroGuyDC]

Dead in the water. Although, objectively, I can throw some support behind the measure. I don't pay SS taxes for 3/4 of the year because of the income cap. It wouldn't kill me to pay more.

However good his intentions are, this is not the right fiscal climate to be having a tax increase debate.

[pvande55]

A great idea but politically a non starter. Even though it probably has the support of most Americans, even some who are above the income cap.

[alphamale]

Originally Posted by pvande55

A great idea but politically a non starter. Even though it probably has the support of most Americans, even some who are above the income cap.

I doubt that.

Why should people who earn more than $100,000 be taxed more, when we are limited to how much we can collect?

Why are lefties always so sure that people are willing to pay more tax?

[floridasandy]

where are the safeguards so the government can't just spend the money that is collected?

[Frank DeForrest]

We need a bill to let us opt out of their scam.

[Cletus Awreetus-Awrightus]

Originally Posted by Frank DeForrest

We need a bill to let us opt out of their scam.

if you let people opt out, anyone who makes any money will pull out of the system and it will collapse. i'm not saying that's a bad thing, just something that is relevant to the big picture of what's politically possible.

[LetsRock]

Originally Posted by Cletus Awreetus-Awrightus

if you let people opt out, anyone who makes any money will pull out of the system and it will collapse. i'm not saying that's a bad thing, just something that is relevant to the big picture of what's politically possible.

It NEEDS to collapse. Don't enroll any more people and just continue taxing those already in the system and pay out only up to what they contributed.

[marcopolo]

Originally Posted by Kerby W-R

Here's the article about Senator Bernie Sanders' bill that will ensure funding for social security for the next 75 years.
Bernie Sanders Introduces Bill To Lift The Payroll Tax Cap, Ensuring Full Social Security Funding For Nearly 75 Years | ThinkProgress

Until now, Social Security has looked like a retirement program where we put money in, and draw out in retirement a benefit based on our contributions.

Sen. Sanders would make Social Security more like welfare, money taken from one set of people and given to another. Ultimately, that would only weaken political support for Medicare.

[GregW]

I have been advocating this for years. Good Job, Senator Sanders!