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

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  •  no they will have to pay until (0+ / 0-)

    they have paid the same 6.2% of their salary that everyone else has to pay that makes 106,800.00 or under

    "It is horrifying that we have to fight our own government to save the environment." Ansel Adams....................... "Even if you are on the right track, you'll get run over if you just sit there." Will Rogers

    by Statusquomustgo on Thu Aug 25, 2011 at 03:44:27 PM PDT

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    •  I don't think you understand how benefits (2+ / 0-)
      Recommended by:
      plume, seaprog

      are calculated in SS. They're based on your contributions over the last decade or so before you start claiming benefits.

      If the rich contribute more, they get more benefits. Right now, top wages are uninsured. They don't contribute to SS, nor can benefits be drawn based on them.

      The day SS got in trouble was the day liberals forgot that FDR deliberately declined to set it up as a "soak the rich wealth transfer welfare" program. It's wage insurance. The instant it starts collecting premiums on wages that it doesn't insure, it loses the very moral force that has made it the third rail of politics.

      Non enim propter gloriam, diuicias aut honores pugnamus set propter libertatem solummodo quam Nemo bonus nisi simul cum vita amittit. -Declaration of Arbroath

      by Robobagpiper on Thu Aug 25, 2011 at 03:57:24 PM PDT

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      •  I understand how it works and (0+ / 0-)

        what you are saying.  My apologies for the republican
        remark, but no matter how you slice it the poor are
        always paying a larger percentage of their salary
        in taxes than the wealthy do and there is something so wrong with that.

        "It is horrifying that we have to fight our own government to save the environment." Ansel Adams....................... "Even if you are on the right track, you'll get run over if you just sit there." Will Rogers

        by Statusquomustgo on Thu Aug 25, 2011 at 04:04:52 PM PDT

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        •  Except that the poor are getting a direct money (6+ / 0-)

          benefit out of SS, not some general "contribution to society", but cold hard cash. The benefits:contribution ratio of the working poor is extremely favorable. They get a fantastic deal for their contributions.

          Your failure is that you're thinking of FICA as just another general revenue source, and SS benefits as a pity hand-out. Neither is the case. FICA the mandatory dedicated insurance premium for a wage insurance program (called Social Security) that covers old age,  survivors, and disability. The mission of SS is extremely specific, and it is that specificity that has made it the most effective program the government runs.

          Top incomes are excluded from FICA because they don't deserve to be insured and protected by the state.

          If you're looking for a mechanism to give handouts to the poor on the backs of the rich, that mechanism is welfare, and it needs to be funded out of income taxes, not FICA. Mission creep is a danger to the long-term health of Social Security.

          Non enim propter gloriam, diuicias aut honores pugnamus set propter libertatem solummodo quam Nemo bonus nisi simul cum vita amittit. -Declaration of Arbroath

          by Robobagpiper on Thu Aug 25, 2011 at 04:11:50 PM PDT

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