03-12-2020, 12:35 PM
(03-12-2020, 10:41 AM)TheLeonardLeap Wrote: SS isn't meant to be a system where rich people pay for your retirement. It's a system to help you pay for your own retirement financial security. If you are making over $137k a year, you theoretically shouldn't need the government to help you plan for your retirement's financial security. (I would argue you shouldn't be forced to regardless of what you make, but that's not what this thread is about.)
Actually Social Security is about society helping people with limited means to survive.
Doesn't matter how much you make per year, no one is going to have enough saved up to live on if they become disabled at age 25. And almost no one carries disability insurance.
Social security is not about individuals. It is about the entire society. So just like everything else the rich should pay more than the poor. There is a limit to how much clean air a rich person can breath, but their is no limit on how much they pay to keep it clean.
As long as there is no cap on income tax there should be no cap on SS tax.
