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View Diary: Social Security by the Numbers (73 comments)

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  •  Income Inequality Comes From Globalization (4+ / 0-)
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    Icicle68, bepanda, Bmeis, tardis10

    I think the income disparity comes almost entirely from unrestricted globalization. As an investor you can make a killing by going to China, but as a worker you can't get another nickel from working there. We've made the U.S. worker compete with workers from all over the world, 99% of whom work for less.

    That's why wages are down and unemployment rates are up.

    We have to address trade to get unemployment levels down and put a floor under wages. Changing the cap on Social Security is kind of playing around the edges.

    I know the idea of lifting the cap is popular here, but I don't want a bunch of rich people funding the program. Then they get the talking point that they're paying for it all so it should be run to their liking, which would be to privatize the whole thing.

    This is a golden opportunity for us to attack on the employment front and the wage front. Let's not waste that opportunity.

    •  That's why I posited raising the cap as a penalty (1+ / 0-)
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      Liberal Thinking

      If the powers that be insist upon policies that promote income inequality then the cap has to go up. It's not the fix, to be sure, but it is the logical stopgap measure. I agree that the fix is addressing trade. Meanwhile, the left has to control the message. Part of that message is the negative consequences of income inequality. Raising the cap is just one of many.

      •  You're on to Something, There (1+ / 0-)
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        I proposed that we make the top income tax rate flexible and let it float depending on the unemployment rate. It should be something like 45% plus the unemployment rate.

        I call it "pay for performance". If the rich can get the unemployment rate down, they get a tax cut. They keep saying how money we give them will trickle on us. Okay, let's test that theory.

        •  Use a rolling 5 yr average (0+ / 0-)

          ...... 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 Mon Apr 01, 2013 at 11:26:59 AM PDT

          [ Parent ]

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