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<blockquote data-quote="dmac1" data-source="post: 3210596" data-attributes="member: 60252"><p>You seem to think that raising taxes on workers is the only way to make Social Security solvent. IF social security insurance is actually treated like insurance, wealthy people who are already 'socially secure' wouldn't get a dime even if they paid in all their lives. You don't get to collect on fire insurance if you don't have a fire. Social Security was never meant to be a retirement plan for the wealthy. </p><p></p><p>There are two simple ways to make social security solvent- first, either raise or eliminate the cap on income taxed. Next would be means testing.</p><p></p><p>Means testing would make SS real insurance, and since the wealthy benefit so greatly from living in our society, more than anyone else, all of their income should be taxed, just like the the teacher, or police officer, or coal miner, or delivery driver has every cent that he/she earns taxed.</p><p></p><p>And social security is not a fund you contribute to that builds up, that you collect from later. Otherwise, when people died, the amount paid in would go to the estate.</p></blockquote><p></p>
[QUOTE="dmac1, post: 3210596, member: 60252"] You seem to think that raising taxes on workers is the only way to make Social Security solvent. IF social security insurance is actually treated like insurance, wealthy people who are already 'socially secure' wouldn't get a dime even if they paid in all their lives. You don't get to collect on fire insurance if you don't have a fire. Social Security was never meant to be a retirement plan for the wealthy. There are two simple ways to make social security solvent- first, either raise or eliminate the cap on income taxed. Next would be means testing. Means testing would make SS real insurance, and since the wealthy benefit so greatly from living in our society, more than anyone else, all of their income should be taxed, just like the the teacher, or police officer, or coal miner, or delivery driver has every cent that he/she earns taxed. And social security is not a fund you contribute to that builds up, that you collect from later. Otherwise, when people died, the amount paid in would go to the estate. [/QUOTE]
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