Skip to main content

View Diary: Lindsey Graham urges GOP obstinance on fiscal cliff, debt ceiling (92 comments)

Comment Preferences

  •  The current cap is $110,100 (1+ / 0-)
    Recommended by:
    whaddaya

    When someone is impatient and says, "I haven't got all day," I always wonder, How can that be? How can you not have all day? George Carlin

    by msmacgyver on Mon Dec 10, 2012 at 05:24:07 PM PST

    [ Parent ]

    •  There shouldn't be a cap, period. (2+ / 0-)
      Recommended by:
      machka, bmcphail

      "The press just doesn’t know how to handle flat-out untruths," ~Paul Krugman

      by Nimbus on Mon Dec 10, 2012 at 05:51:05 PM PST

      [ Parent ]

      •  No, the cap is there for a good reason (1+ / 0-)
        Recommended by:
        msmacgyver

        Raise it, sure, but if you lift in entirely it changes the nature of the SS system.  At present, there is a cap but also a top benefit calculated from that cap.  If we remove the cap all together we must choose whether the high dollar earners get a full calculated benefit from their contribution...which would be large and out of scale for a program that's supposed to be preventing people from retiring in poverty, -or- remove the cap but do not change the top benefit, which changes the program from retirement insurance to a redistributive tax, also a fundamental change in the nature of the program.  That's what income tax is supposed to be about. :-)

        We are the principled ones, remember? We don't get to use the black hats' tricks even when it would benefit us. Political Compass: -6.88, -6.41

        by bmcphail on Mon Dec 10, 2012 at 08:35:58 PM PST

        [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site