Social Security is Wage Insurance, for wage earners, not people who earn from capital

[FogerRox]

54. Correct, you have just spelled out SS bend points. Are you aware

that in 1984 the income cap was placed at 90% of all earners? And since then has fallen to as low as 83%, IIRC its at 87% for 2014. If we returned to 90%, the income cap would be at about 216k?


Many of the Social Security Defenders group would probably settle for moving the income cap back to 90%. It increases average benefits by thousands, and adds FICA revenue as much as 30 billion a year, which approximately equals 1/3rd of the SS projected shortfall in the intermediate cost scenario as scored by the CBO.

We have historical precedence for moving the cap back to 90% (216k), and their is considerable political support to make this happen. Considerably more support for eliminating the cap altogether.

And we even keep SS true to its original intentions as written by Edwin Whitte, who wrote the 1935 law. We avoid the political pitfalls of paying uber rich people benefits they dont need, enough to but an Italian sports car- cash, and we also avoid the pitfall of what a SS means test would do.

SO instead of 250k would you settle for what ever 90% is at, say about 216k?