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.