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View Diary: Social Security: whose piggy bank is it? (75 comments)

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  •  It's already progressive/distributive (3+ / 0-)
    Recommended by:
    simple serf, ozsea1, Tom Anderson

    I did a diary on it before based on this report (PDF) from the Urban Institute. If the upper limit were to be raised and the pattern held those at the highest income levels would be contributing even more than they could expect to get in return. I think that is the whole basis for the attack on the program.

    Growth for the sake of growth is the ideology of the cancer cell. --Edward Abbey

    by ricklewsive on Sat Feb 02, 2013 at 09:20:07 PM PST

    [ Parent ]

    •  Yes, but if the bipartisan Fiscal Commission (5+ / 0-)

      (Bowles-Simpson) gets it way, it will lose a great deal of its progressivity.

      Respectfully, I believe that the basis for attack on the program is a desire to funnel funds away from Social Security into private investment accounts, and/or insurance companies (see Tom Harkin's new proposal).  Here's the link.

      And further, the PtB want to cut Social Security benefits in order to 'offset' the budget, when they drastically cut the marginal tax rates of the wealthy and corporations.

      Please see Bowles-Simpson's The Moment of Truth.  Here's the link.

      Mollie

      "Only he who can see the invisible, can do the impossible." --Frank L. Gaines

      "If a dog won’t come to you after having looked you in the face, you should go home and examine your conscience.” -- Woodrow Wilson

      by musiccitymollie on Sat Feb 02, 2013 at 10:25:09 PM PST

      [ Parent ]

    •  Thanx for that report (0+ / 0-)

      I have printed and its on my reading pile...
      Your diary (the poll) I wanted to select Wall Street and Republicans, since one seems to be controlling the other!
      Cheers

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