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View Diary: AK-Sen: Submit Your Questions About Begich's (D) Plan For Social Security For the SSD Blogathon (35 comments)

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  •  Northwest leaves the cap in place (5+ / 0-)

    For a couple of reasons, which vary by author with Dale Coberly being insistent against them while me and Arne Larson being a little more strategic and/or thought experiment oriented.

    The cap exists for a reason and people who just want to "Scrap the Cap" need to ask themselves why they are smarter than FDR's Brain Trust that put it into place to start with. That said readjusting the cap so it captures 90% of covered income like it used to rather than the 84% or so it does today would be a reasonable step.

    My preference would be to address the fundamental shift that has diverted almost all gains from productivity to the top 1%, as Dean Baker has pointed out if we just restored labor's traditional share of those gains Social Security self-funds. In fact there is about zero to do with Social Security that can't be improved by a policy of "More Jobs. At Better Pay."

    But speaking for myself I would not support a total cap lift or a shift so that it included 'unearned income'. Mostly on the basis that Social Security really doesn't need that much money and as a Social Democrat I have a whole other laundry list of unmet needs that could be paid out of those higher marginal rates. To some extent folk that want to devote those potential funds to a Social Security system that is actually solvent as is for 20 years have bought into a bogus 'Crisis' argument that has them SELF CROWDING OUT SOCIAL DEMOCRACY. They think they are 'defending' Social Security when they are actually 'defunding' everything else on our agenda by the backdoor. Subject for future posts. - SocSec.Defender at - founder DK Social Security Defenders group - (hmm is there a theme emerging here?)

    by Bruce Webb on Wed Mar 20, 2013 at 11:13:39 AM PDT

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    •  Yes. Income Insurance is a special and specialized (3+ / 0-)

      function of government based on 'contributions' and 'benefits'.

      Enlightened social policy captures taxes in the general fund and distributes them through targeted expenditures based on 'ability' and 'need'.

      I've noticed a 'bright shiny object' fascination here with the 'cap' that I don't believe is constructive to getting where we want and need to go.

      I look forward to next week's series of diaries. Should be rip-roarin'!

      Too late for the simple life, too early for android love slaves - Savio

      by Clem Yeobright on Wed Mar 20, 2013 at 11:24:10 AM PDT

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    •  Edwin Witte from UW is that brain trust (2+ / 0-)
      Recommended by:
      Clem Yeobright, LeftHandedMan

      The Father of Social Security.

      ...... Social Security blogathon March 25th thru March 29th. #HandsOffmySS FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

      by Roger Fox on Wed Mar 20, 2013 at 04:54:21 PM PDT

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