We can save Social Security. Scrap the Cap!

Comments

• fodor@lemmy.zip ⁨2⁩ ⁨months⁩ ago

  And tax the ultra rich. If your net worth is over ten million, regardless of your income, you should be contributing big bucks to social security and federal taxes.

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  • Fredselfish@lemmy.world ⁨2⁩ ⁨months⁩ ago

    Yes at 100% tax. No person needs more then 10 million to live on.

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    • Pollo_Jack@lemmy.world ⁨2⁩ ⁨months⁩ ago

      90% tax on income over 200k was good enough for America’s golden age. We should try to emulate it.

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• Lauchmelder@feddit.org ⁨2⁩ ⁨months⁩ ago

  no cap fr

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• Racoonwithbenefits@lemmy.zip ⁨2⁩ ⁨months⁩ ago

  Nah you need to raise the payouts from social security too

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  • Akh@lemmy.world ⁨2⁩ ⁨months⁩ ago

    Yeah the cap is based on maximum payout.

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• Kazumara@discuss.tchncs.de ⁨2⁩ ⁨months⁩ ago

  Anti-social security

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• The_v@lemmy.world ⁨2⁩ ⁨months⁩ ago

  Slight modification.

  For SS the employer and employee pay 50/50. So the actual number is double that.

  If they lifted the cap the person making $5,176,000 would pay $731,369

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  • Macallan@lemmy.world ⁨2⁩ ⁨months⁩ ago

    I’m not seeing any issues or downsides to that, they can afford it.

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• searabbit@piefed.social ⁨2⁩ ⁨months⁩ ago

  Remove the cap on disability income and assets while you’re at it.

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• Sprocketfree@sh.itjust.works ⁨2⁩ ⁨months⁩ ago

  As someone that’s maxed out SS most of their carrier while simultaneously assuming I’ll never get SS I’m looking at this a little side eye. Just seems like one last party for the boomers here.

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• AA5B@lemmy.world ⁨2⁩ ⁨months⁩ ago

  Let’s stick with that: “scrap”. You know they’ll eventually “compromise” by raising the cap a little, putting the onus on people who earn just a little more without actually affecting the wealthy. Thats not ok. At some point wealthy people need to pay their share

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• Omodi@lemmy.world ⁨2⁩ ⁨months⁩ ago

  Social Security doesn’t need saving.

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