Skip to main content

View Diary: Barney Frank: Save Social Security by making the near rich pay a little more (146 comments)

Comment Preferences

  •  FDR was smart not to make Social Security a (8+ / 0-)

    general welfare program supported out of income tax, but to make it a social insurance program in which people pay on a portion of their income and collect in accordance with what they pay.  It has helped keep SS form being undermined in periods when welfare programs have been under attack.  It sets SS apart and helps protect it.

    All the same, there's been a lot of inflation since the 40's, and a general drift upward in our social stratification.  The role that millionaires used to fill is now filled by billionaires and multi-billionaires.  It's time for the cap to rise significantly.  I don't think it should be done away with -- but definitely raised.

    --------------------- “These are troubling times. Corporation are treated like people. People are treated like things. …And if we ever needed to vote, we sure do need to vote now.” -- Rev. Dr. William J. Barber

    by Fiona West on Tue Jan 08, 2013 at 04:07:50 PM PST

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site