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View Diary: Senate Democrats ready to push Social Security expansion (110 comments)

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  •  for certain groups (2+ / 0-)
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    Dave925, greenbell

    Why not make Social Security a good deal for everybody who pays into it?

    Middle class Americans have been getting the shaft in Social Security for some time because:

    1. We cap contributions, and
    2. We collect only from income in the form of wages, and
    3. as a result, we have set up an inverse payout system that pays back a paltry 15% of earnings for higher earners vs 90% for lower earners.

    That might not have been so bad if 401-Ks panned out and we were all actually able to hold onto our homes, but...

    now it seems so very 1936.

    LG: You know what? You got spunk. MR: Well, Yes... LG: I hate spunk!

    by dinotrac on Tue Jun 10, 2014 at 09:50:54 AM PDT

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