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View Diary: Why do Republicans hate Social Security? (218 comments)

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  •  Ballerina - it caps the benefit (2+ / 0-)
    Recommended by:
    blueoasis, Sparhawk

    The Sanders proposal caps the benefit at the level that the top payers, currently $106,800, would earn. So every payment that the high income earners, and their employers, pay into the system on earnings of more than $250,000 would create no additional benefit to them. This changes SocSec at a fundamental level. SocSec has always been structured that your benefit is determined by your contribution. This would be the first time that the core principal of SocSec would be violated. This will never gain any traction in Congress, even with Dems, because it would change SocSec as we know it.

    "let's talk about that"

    by VClib on Fri Sep 23, 2011 at 08:07:15 AM PDT

    [ Parent ]

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