2005 booklet Social Security for Dummies is still relevant

[eridani]

http://www.museworld.com/media/SocialSecurityForDummies.pdf

I never thought I'd be making up copies of it under a Democratic administration.

[exboyfil]

1. Nice summary

One basic question for your senators, representative, and president: Do we as a nation intend to honor our debts?

You did not go into the funding formula in your presentation, but income earners who make between $50K-$105K need to understand how they are being exploited when compared to those making over $105K. Because of the benefit formula those in the $50K-$105K bracket essentially carry the system by subsidizing lower earners. That obligation to help out the lower earners ends at the cap level: $105K. My proposal is that S.S. withholdings continue past the cap level at a reduced percentage to reflect no additional accrural of benefits, but representing a percentage share in carrying this obligation.

Also why should it only be wage income? I have never heard an adequate explanation for that.

[eridani]

2. That's been suggested by coalition members

--of Strengthen Social Security.