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"Raising the Social Security payroll tax cap on incomes above $250,000 would make Social Security strong for the next 75 years while affecting only 1.4 percent of the wealthiest workers in the United States," says Bernie Sanders.
That’s what the Center for Economic and Policy Research concluded in an analysis of a bill Sanders introduced. “The report makes clear that if we simply asked the top 1.4 percent of Americans to pay their fair share into the Social Security Trust Fund, Social Security would be solvent for the next 75 years.”
And social security is not socialism or an "entitlement" as some like to comment here as all workers who work the required amount of quarters and contribute to the Plan, receive social security. Basically, it is an insurance annuity retirement plan.
This is how the top one percenters can give back and get the heat off their back from the Democrats that say they are nothing but selfish pigs who contribute little and they will stop Bernie from sleazy politics by saying that Republicans believe that this is a country Of the Rich, By the Rich and For the Rich.
We definitely need to lift the cap from the maximum taxable earnings amount for Social Security (OASDI) taxes of $110,100 and leave the rest of it alone such as raising the age for Seniors and essentially forcing them to work until they die. One thing never mentioned, is the federal government robbing the Social Security Trust Fund. This needs to stop now.
2 comments:
Thanks Lynn, great to know. West is doing so much for us, I like how you post all these good things for us, we need more politicians that can stand up for the people, we have too many leaders in this city that prey on the poor and only are self serving, greed, and corrupt. I have pretty much lost all respect for the new CM and our current elected officials. None are willing to listen to all the people. So many with their own agenda. Thank goodness for Allen West and leaders like him, we need more politicians like him in our city and country. Thanks for caring as always with your great blog and postings. Bravo Lynn, Bravo West! Long live Social Security!
All parties in DC have long played the politics of fear over social security. The fix is so simple, as Bernie Sanders and others have pointed out, that it is a non-problem. But it is a good distraction, the politics of fear as you put it, from things like the probability that oil shipped by the Keystone pipeline to Gulf Coast refineries will be exported. And how much money they give to their friends in general.
Sam Goodstein
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