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View Diary: Insolvency, tax cuts, military spending and social security (188 comments)

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  •  For one thing, (1+ / 0-)
    Recommended by:
    JTinDC

    means-testing would make it politically more difficult to raise the maximum annual wage subject to Social Security tax, which is now $110,100 and needs to go up. If we started means-testing, the wealthy (i.e. politically powerful) would say "why should more of my income be subject to the SS tax if I'm going to receive fewer (or no) benefits due to means-testing. Not including everyone makes the program politically vulnerable. The best option is to raise the income limit and include everyone (which gives the wealthy the same incentive to support the program as the rest of us).

    •  Didn't realize the cut off was that low. (1+ / 0-)
      Recommended by:
      Mike Taylor

      Thanks much for the explanaition.

      Ds see human suffering and wonder what they can do to relieve it. Rs see human suffering and wonder how they can profit from it.

      by JTinDC on Tue Apr 24, 2012 at 03:02:27 PM PDT

      [ Parent ]

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