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In reply to the discussion: A Simple Solution to Permanent Social Security Solvency [View all]golfguru
(4,987 posts)40. SS benefit checks are already progressive, but not quite flat
I contributed twice per year compared to my mother-in-law, but my benefit checks are only 40% larger than hers.
I think if someone contributed 4 times the current maximum, their benefit checks should be in the same proportion as mine compared to my mother-in-law. So may be two times the current maximum if they contribute 4 times the current maximum. Otherwise the SS program becomes a welfare program paid by the rich for the not-so-rich. SS should not become a welfare program.
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I've Posted This Thread Each Time A Discussion Comes Up Here On DU About "Raising The Cap"....
global1
Jan 2013
#2
Eliminate the cap all together, and make capital gains pay SS too. Tax all income as regular $
Vincardog
Jan 2013
#7
Hate to break it to you but higher earners (those between about $55K-$110K ) already
exboyfil
Jan 2013
#28
Ok as long as the benefit is the same for everyone. Same $ amount for every recipient
Vincardog
Jan 2013
#33
Because FDR didn't want SS cutting $10,000 checks every month to millionaires in retirement.
Selatius
Jan 2013
#23
The program payouts are progressively tiered, you only get 10% back above a certain point.
Sirveri
Jan 2013
#37
the benefit is the same for everyone. Same $ amount for every recipient. The rich don't need
Vincardog
Jan 2013
#34