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In reply to the discussion: Strong opposition among young people to raising the Social Security retirement age [View all]Selatius
(20,441 posts)15. I think if they simply moved the SS payroll cap up to 200,000 from the current 110,000, it'll be OK.
As far as the wider issue of taxing the rich, I believe it should be left separate from the discussion of Social Security. Taxation of the rich would more precisely be in the realm of generating revenue for the General Fund that Congress controls. I am in no way going to try to tie Social Security's solvency to the issue of the General Fund running chronic deficits because I believe that's just a backdoor way for Republicans and right-wing Democrats to attempt to build an argument to cut SS in the name of "reducing deficits."
It's why I favor letting the Social Security tax holiday expire. SS should be self-funding and not reliant upon the General Fund for covering short-falls.
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Strong opposition among young people to raising the Social Security retirement age [View all]
eridani
Dec 2012
OP
I think if they simply moved the SS payroll cap up to 200,000 from the current 110,000, it'll be OK.
Selatius
Dec 2012
#15
Let's increase our Social Security paypents and payouts! I can't rely on my 401k to
grahamhgreen
Dec 2012
#25
You raise the age and a lot of these young folks would have to take their parents in
kimbutgar
Dec 2012
#38
Isn't that something that the older people are more ok with raising the age...
midnight
Dec 2012
#40