Here's how to solve the fiscal problem with Social Security......

[Postman]

Lift (as in eliminate) the cap on income that gets taxed.

Have a nice day.

[Hannah Bell]

1. Here's how: lift the cap on INCOME & CAPITAL GAINS taxes to fund the general budget fully,

REDUCE SS rates to the level needed to fund the program PAY-GO + cushion, as it was before the Reagan "reform," & quit buying into the bullshit "SS has a terrible problem in 30 years if our low-ball assumptions 1 through 25 turn out to be on point" bullshit.

It's currently overfunded.

It will have problems ONLY IF capital gets to keep an increasingly large percent of the dollar value of production - as they wish to, which is the reason they keep fomenting their BULLSHIT, to steal from you.

Why would you want to give them more money to pump up the Trust Fund Reserves even *more,* so they can "borrow" more, use it to fund the general budget, & further reduce INCOME & CAPITAL GAINS taxes for the very wealthy?

[Postman]

2. I'm with you....

Also as Thom Hartmann has written about, re-intitute the STET tax. Stock transfer tax on stock transactions that has the objective of squelching speculation and promoting actual investing...

[BeFree]

5. Hannah, I appreciatte you

In what separate bank accounts are these surpluses you speak of, kept?

Seems to me that all the federal debts and assets are in one bank. So that if we have a deficit, we have only a deficit. Do we have a deficit, or not?

[Hannah Bell]

6. Disingenuous. Social Security taxes are assessed disproportionately on the bottom half of the

income distribution, to fund Social Security.

Income & capital gains taxes are assessed disproportionately on the upper half of the income distribution, to fund the general budget.

There is no general federal debt which includes both SS & general spending.

The general budget is in debt to SS; i.e. the rich owe the non-rich 2 trillion.

[ThomWV]

3. I've been saying that for years - but apparently that's impossible to do. So how about doubling it?

You know, I don't even think we have to eliminate it. How about this, just double it. What is it at now, something just over $100K? Well, raise it to $200K or even $300K, that should be enough to take care of it for quite some time.

[Hannah Bell]

4. yes, then we'd have 20 trillion in the trust fund instead of 2 trillion, & we could pay for

the *entire* federal budget, & warren buffett & his buds wouldn't have to pay any taxes at all.

smashing idea!