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Comment by seibelj

That’s because social security isn’t a “tax” - it’s funding pensions, and you pay into it now to get a pension later, which is capped at maximum payout, which is why you don’t have to pay above a salary amount because above which you won’t increase your income in retirement.

However to reform social security so it can actually be maintained, I agree we should increase the limits or remove them entirely. But keep in mind social security is not seen as a tax - it’s a retirement pension. If we are going to change it so that rich people pay more and get less, we should also reform Medicare so that rich people pay for their own healthcare in retirement. Tons of old age programs give handouts to the rich - that’s not what they are for.

parent seibelj 6 years ago

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