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View Diary: Bernie Sanders goes against grain, introduces real plan to save Social Security (166 comments)

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  •  Not by much. (0+ / 0-)

    Even if you were able to apply the full 12.4%, which frankly I think is politically delusional, effectively it means the wealthy accepting a return to Reagan rates simply to fund a program they hate. Good luck with that.

    But to return to numbers. Earners over $250k are basically the top 2%.  But any money raised beyond that needed to deliver the full scheduled benefit would have to be spread over the 84% of income earners, meaning you take the left over pot from the 2% and pour those contents in 84 different bowls with the result that nobody really gets a full meal.

    CBO scored 30 policy options including 3 that simply focused on increasing benefits for low income workers and they just gobble up those savings. I am afraid that trying to extend that to the whole 84% is not realistic.

    Please visit, follow or join our Group: Social Security Defenders

    by Bruce Webb on Thu Aug 25, 2011 at 03:07:45 PM PDT

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