01-06-2017, 08:00 PM
(01-05-2017, 02:01 PM)David Horn Wrote: <snip>
... or pop the cap on taxable earnings. That's far more reasonable, and the earnings being added to the base are earned by the very people who have gained the most in the recovery. Good all around.
First, some history:
FDR Wrote:When President Franklin D. Roosevelt signed the Social Security Act into law 80 years ago this month, he said that while “[w]e can never insure one hundred percent of the population against one hundred percent of the hazards and vicissitudes of life … we have tried to frame a law which will give some measure of protection to the average citizen and to his family against the loss of a job and against poverty-ridden old age.”
Yes, that's 1 option. Another option is adding non unearned income to the tax base. And another is to separate Medicare and go to single payer and use the "border tax" or a VAT to fund that. The VAT tax payments would be offset by the no longer needed health insurance company payments. I'm sure the Heritage Foundation just hates all of those ideas.
---Value Added