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| | |-+  Do you support raising the SS cap?
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Author Topic: Do you support raising the SS cap?  (Read 2088 times)
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jfern
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« on: February 09, 2005, 03:45:38 am »
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For 2005, you pay SS on the first $90k of wages. Do you support raising this cap?
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Flyers2004
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« Reply #1 on: February 09, 2005, 03:51:26 am »
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Yes.
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danwxman
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« Reply #2 on: February 09, 2005, 12:05:01 pm »
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Absolutely, yes. And that would be the sole solution to this "crisis"
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« Reply #3 on: February 09, 2005, 12:16:45 pm »
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No.  Abolish social security.
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AuH2O
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« Reply #4 on: February 09, 2005, 02:27:29 pm »
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Do you support slavery? Do you support wrecking the economy?

All brilliant ideas in the same mold.
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« Reply #5 on: February 09, 2005, 02:28:30 pm »
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Do you support slavery? Do you support wrecking the economy?

All brilliant ideas in the same mold.

Do you support a regressive tax? That's cool.
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NHPolitico
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« Reply #6 on: February 09, 2005, 02:31:47 pm »
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SS should be abolished. If not that, then it should be means tested and the retirement age should go to 70.
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« Reply #7 on: February 09, 2005, 02:34:12 pm »
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Yes, this would fix the problem.
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angus
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« Reply #8 on: February 09, 2005, 07:14:29 pm »
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SS should be abolished. If not that, then it should be means tested and the retirement age should go to 70.

at least!!
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AuH2O
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« Reply #9 on: February 09, 2005, 07:19:55 pm »
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Making us all slaves to the government would "fix the problem."

Raising the SS TAX cap while KEEPING THE BENEFITS CAP is STEALING. It is grand larceny. Granted, Medicare already commits similar stealing-- but it's not a retirement plan, and you aren't entitled to money (just health care).

Personally, anyone voting to lift the cap entirely should be subject to the death penalty under similar statutes as govern drug kingpins.
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Rob
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« Reply #10 on: February 09, 2005, 08:20:22 pm »
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No.
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JohnD.Ford
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« Reply #11 on: February 09, 2005, 08:53:04 pm »
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Yes, this would fix the problem.

And create whole new ones.
Do you support slavery? Do you support wrecking the economy?

All brilliant ideas in the same mold.

Do you support a regressive tax? That's cool.

The FICA tax is a regressive tax no matter how you slice it, since its a flat rate.
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« Reply #12 on: February 09, 2005, 09:00:51 pm »
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Yes, this would fix the problem.

And create whole new ones.
Do you support slavery? Do you support wrecking the economy?

All brilliant ideas in the same mold.

Do you support a regressive tax? That's cool.

The FICA tax is a regressive tax no matter how you slice it, since its a flat rate.

Well it certainly isn't a complete cure-all; I think partially funding the system out of the income tax would be a better idea, instead. I think that would make more sense than the payroll tax anyway, which is completely nonrefundable for the poor.

But raising the cap would eliminate the crisis of the system going broke, that's what I meant.

Obviously Americans have to decide what kind of system they want for our nation's future; as of right now, raising the SS cap seems to have more popular support than does Bush's plan. Just an observation.
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dazzleman
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« Reply #13 on: February 09, 2005, 09:20:57 pm »
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When the social security program was conceived, the deliberate intention was not to make it into a welfare program.  That is why the amount to be received was tied, however loosely, to the amount that was paid in over the worker's lifetime.

The cap is there because the cap corresponds to the highest level of benefits that can be received from social security.  A person who earns at or above the cap for a certain period of time will earn the maximum level of benefits, but cannot earn more benefits, no matter how much his/her earnings were over the cap amount.

Removing the cap effectively makes social security into a welfare program, at least partially.  This goes against the original intention of the program, which was emphatically not to be a welfare program, with all the political liabilities that go along with that.  In my opinion, to make social security into a welfare program is a very dangerous path, and the originators were wise to reject this concept.

The solution is to move in the opposite direction.  To take control of the return earned on social security away from the politicians, who have utterly mismanaged the program for decades.
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« Reply #14 on: February 09, 2005, 10:35:38 pm »
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It makes more sense to means test benefits than raise the cap, because as Dazzleman said raising the cap makes SS a welfare program.

In any case, we're going to realize eventually that crisis or not, our system is levying high taxes and yielding low returns.  Any move to raise taxes or lower returns only exagerates this problem, it doesn't solve it.
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eversole_Adam
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« Reply #15 on: February 09, 2005, 11:23:55 pm »
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No.  Abolish social security.

Right.
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A18
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« Reply #16 on: February 10, 2005, 03:20:00 pm »
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Social Security is an insurance program. We need to keep it that way.

I wouldn't mind raising the cap to pay for the personal accounts, though.
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opebo
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« Reply #17 on: February 10, 2005, 04:22:40 pm »
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Yes, this would fix the problem.

And create whole new ones.
Do you support slavery? Do you support wrecking the economy?

All brilliant ideas in the same mold.

Do you support a regressive tax? That's cool.

The FICA tax is a regressive tax no matter how you slice it, since its a flat rate.

Why not make it progressive then?
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opebo
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« Reply #18 on: February 10, 2005, 04:23:43 pm »
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Personally, anyone voting to lift the cap entirely should be subject to the death penalty under similar statutes as govern drug kingpins.

Drug dealers are Freedom Fighters, risking their lives for individual rights.
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The essence of democracy at its purest is a lynch mob

AuH2O
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« Reply #19 on: February 10, 2005, 05:14:49 pm »
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Personally, anyone voting to lift the cap entirely should be subject to the death penalty under similar statutes as govern drug kingpins.

Drug dealers are Freedom Fighters, risking their lives for individual rights.

Kingpins are not simple dealers, and actually would be out of business (as would dealers) would drugs be made legal, which I think they should be and have said numerous times.

What I meant is that raising the cap on SS is essentially a Capital offense, even though it isn't murder.
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don't forget to remember, the devil's got pills in his eyes

look, laugh, but don't touch... cut you down to size
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