Quote:
Originally Posted by Platapus
For instance, concerning Social Security. The first thing I would do is remove the $106,000 cap on taxation.  |
So someone making 212,000 a year should have to pay $32,436 in FICA instead of $16,218, but should get the exact same benefit, even though it is supposed to be a "trust find?"
That's why they have a cap. Because the BENEFIT is capped. Raising the taxable income only helps if they simply steal that money, and don't raise the pay out.
If that person is sure to get out way less than they put in, why shouldn't any other SS beneficiary get out much less than they get in? If they do, then everyone arguing that SS is retirement, and sacred can just stfu. It will have been demonstrated to be nothing more than a charity ponzi scheme.
Cut pay outs instead.