General Discussion
In reply to the discussion: This message was self-deleted by its author [View all]TheKentuckian
(26,314 posts)I'm attached to it, I think it is the #1 we still have the program.
I'd make it more progressive on the payouts and if we could stop the money from being blown on bullshit then I'd remove the cap. I'd pay out too. There would be diminishing returns but always a return and in exchange would give higher payouts to lower incomes.
I'd prefer to have the public look at the payroll tax as an insurance premium though and I want them to have a sense of ownership of these benefits as an investment.
Eventually, without the cap (or even just a much higher one, say 450k) then we might be able to reduce the rates on lower incomes permanently but we'd have to go a long way on how we see taxes and the safety nets as a society before I'd be comfortable making that change and we also would have to make the politicians put away the knives and scalpels.
I'm not against even raising the rate a point for ten years to shut the shortfall shit up.