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The goal of the tax is not redistribution of wealth. The goal is to fund the benefits. The tax is capped because the benefits are capped.
by jmulho 11y ago
The goal of the tax is not redistribution of wealth. The goal is to fund the benefits. The tax is capped because the benefits are capped.
- plonh 11y agoThat is nonsense. The first social security recipients paid 0 in. SS has always been a redistribution from workers to retirees, with no actuarial basis for the connection between how much you put it and how much you get out.