Originally posted by chegitz guevara
Social Security is going to start paying out more than it takes in in approxamately 15 years. SSN is the single most successful government anti-poverty program ever. Rather than cut the tax on lower income workers, it needs to have its $65K cap removed and should be taxed progressively, while distributed evenly.
It would have been nice if the Feds had put SS reciepts into some kind of savings account, but they didn't. It's still not too late to do so, and start repaying the recipts that have already been looted.
Social Security is going to start paying out more than it takes in in approxamately 15 years. SSN is the single most successful government anti-poverty program ever. Rather than cut the tax on lower income workers, it needs to have its $65K cap removed and should be taxed progressively, while distributed evenly.
It would have been nice if the Feds had put SS reciepts into some kind of savings account, but they didn't. It's still not too late to do so, and start repaying the recipts that have already been looted.
LOTM
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