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Captain Zero

(6,799 posts)

23. Tax the Rich - Raise the cap

Reply to MineralMan (Original post)

Sat Nov 30, 2019, 08:53 AM

Nov 2019

People making over $125K stop paying into social security at that point every year. That means each year someone making a million dollars only pays in the same amount as someone making $125,000. This solution is so simple.

Ok so someone says people in the 125k to 300k range are often entrepreneurs. Ok, put a hole in the contributions for them between 125-300k, then make them start paying in again on all income over 300k.

I'm sure this is still Bernies solution. There is absolutely no reason it wouldn't work and it would fund SocSec forever. But, that may what they like the least about it. Fund it like this and Social Security is never a political football again.

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On the fourth Wednesday of every month, [View all] MineralMan Nov 2019 OP

This might be one of Luck's best cartoons of all times. CrispyQ Nov 2019 #1

Ah my friend. Wellstone ruled Nov 2019 #2

Me too. Though I have some additional $ from a monthly pension bobbieinok Nov 2019 #8

Still recall the day Wellstone ruled Nov 2019 #11

Remember when Gore DENVERPOPS Nov 2019 #19

Why don't DownriverDem Nov 2019 #15

Boomers simply got lazy. Wellstone ruled Nov 2019 #20

This malaise Nov 2019 #24

Had a fellow College Student Friend from Wellstone ruled Nov 2019 #29

Two ways that could happen -- Republicans or a real economic shock. We have a guaranteed 25% SS cut Hoyt Nov 2019 #3

GOP is betting the planet dies first, ergo get it while they can Hermit-The-Prog Nov 2019 #4

Who cares? The Messiah has returned! (Rapture to follow...) deurbano Nov 2019 #5

Yeah, right. That tired meme is roled out every day/year and has never happened. erronis Nov 2019 #7

And I wonder what happened to all those Anti-Christ (amazingly, always a Democrat) warnings? deurbano Nov 2019 #10

Just last week Traildogbob Nov 2019 #6

I don't suppose they realize that cutting Social Security would cause a recession TexasBushwhacker Nov 2019 #13

That is their problem. Traildogbob Nov 2019 #18

They're not stacking SCOTUS to improve SocSec. Hortensis Nov 2019 #9

How far we've come and how far we could fall. Lars39 Nov 2019 #12

When someone says "It won't be there when i retire" mdbl Nov 2019 #14

Just say, "Vote for Democrats for all offices and it will be there for you." MineralMan Nov 2019 #16

Exactly. Better think hard about this. Scarsdale Nov 2019 #17

Cut my SS? SCVDem Nov 2019 #21

I'm disabled sakabatou Nov 2019 #22

Tax the Rich - Raise the cap Captain Zero Nov 2019 #23

Any solution that is proposed has to pass in both houses of Congress MineralMan Nov 2019 #25

Any solution has to be passed by the millionaire's club Cartoonist Nov 2019 #28

Then there is no hope? MineralMan Nov 2019 #30

It is just Republicans. Turin_C3PO Nov 2019 #32

Before Cons do that, they should really consider Backseat Driver Nov 2019 #26

I understand the problem. MineralMan Nov 2019 #27

Guaranteed the repugs will go after SS soon captain queeg Nov 2019 #31

another look at the 'flat tax' RicROC Dec 2019 #33