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View Diary: Abbreviated pundit roundup: The fallout against Republicans continues (99 comments)

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  •  What about trading (2+ / 0-)
    Recommended by:
    Stude Dude, wintergreen8694

    Chained CPI in SS for automatic Chained CPI increases in the federal minimum wage?

    •  Trade the cap for a higher cap on payments.... (3+ / 0-)
      Recommended by:
      JerryNA, GeorgeXVIII, mmacdDE

      ...and don't fall into the right-wing trap that SocSec is essentially a welfare retirement scheme. The demand for needs testing for social security benefits is a dangerous political trap.

      The thing that makes Social Security almost universally popular is the fact that everyone pays into it and everyone benefits when they retire or become disabled.

      So if you increase the cap on earnings taxed on the front end, you should also increase the cap on benefits upon retirement.

      The net revenue increase would be substantial, and the net payout increase would be modest
      . But it might be of considerable value to those who make a lot of money early in life and squander it (e.g. too many pro athletes), or those who are beset with bad investments or other financial reverses.

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