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View Diary: Since when did Entitlements become a Bad Thing? (215 comments)

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  •  In your mind maybe but that surely not (0+ / 0-)

    the way it has to be at all. You are making some extreme assumptions that would never really be allowed to exist in practice.

    Really don't mind if you sit this one out. My words but a whisper -- your deafness a SHOUT. I may make you feel but I can't make you think..Jethro Tull

    by RMForbes on Sun Jan 23, 2011 at 02:32:51 PM PST

    [ Parent ]

    •  How so? (0+ / 0-)

      I am assuming that the principle of benefits being related to contributions persists, because abandoning that principle makes Social Security something else. Right now, if I make contributions on twice as much income as you do, my benefit will be about 65% greater than yours - that's the progressive aspect of SS. If under your new regime you are contributing on 20 times what I am (e.g., you on $2 million to me on $100 thousand) ... how much larger should your check be than mine, without giving up on the principle altogether?

      •  Assuming that you always earned ten times (1+ / 0-)
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        ER Doc

        (or more) as much as I did throughout both our working lives, then yes you would and should receive ten times the benefit I would, since the benefit is not based upon how much you paid in but instead how much you earned. The real problem is those that get special exemptions from the FICA taxes that earn millions. Any reform would have to start by removing the exemptions for the financial services industry that already enjoy too many tax breaks. The benefits they earn would have to be reduced downward in order to make up for the earnings they did not pay FICA tax on.

        Really don't mind if you sit this one out. My words but a whisper -- your deafness a SHOUT. I may make you feel but I can't make you think..Jethro Tull

        by RMForbes on Sun Jan 23, 2011 at 03:42:26 PM PST

        [ Parent ]

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