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I think having no cap on income for SS would make sense and make the system solvent - so basically, cut a tax only for the wealthy retired folks living off of b
by aioprisan 10y ago
I think having no cap on income for SS would make sense and make the system solvent - so basically, cut a tax only for the wealthy retired folks living off of backs of young folks, who are not exempt and they will never get there by subsidizing old folks in exchange for interest payments on private loans in the 7% range.
- meritt 10y agoBut the super wealthy -- the ones the Sanders crowd really dislike -- don't tend to have earned income anyway. They primarily benefit from capital gains which are entirely exempt from SS and Medicare entirely.
- aioprisan 10y agoThere's still a huge gap from $112 to having income in long term capital gains tax. Just because there are more things to do with capital gains tax reform, doesn't mean we can't have common sense reforms like this one.
- seanmcdirmid 10y agoThat would make SS a tax which it isn't supposed to be right now.
- aioprisan 10y agoSS IS a tax, when you have a dedicated line item in your paycheck. I would like to see some benefit down the line from that tax, wouldn't you?