General Discussion

Nye Bevan

(25,406 posts)

57. Because right now Social Security is perceived as "fair" even by very high earners.

Sat Mar 19, 2016, 09:41 PM

Mar 2016

Someone who earns $10 million per year pays the exact same Social Security taxes as someone earning $120,000 per year, but will also receive the exact same Social Security payments upon retirement. This seems "fair" and makes Social Security feel more like a retirement savings plan than a welfare scheme. If you were to abolish the cap on taxes but not the tax on benefits, then all of a sudden the guy earning $10 million is paying an additional 12.4% tax on that entire income, making Social Security feel more like a wealth redistribution or welfare scheme than a savings plan for retirement. And we all know what even Democrats tend to do to welfare schemes. Wealthy folks' lobbyists will start to exert enormous pressure to end Social Security or amend it beyond all recognition. I don't want this to happen as I like Social Security, and the best way to prevent this from happening is to keep the cap. Right now Social Security is in the sweet spot of being an important source of retirement security for the poor, and being pretty much irrelevant to the very rich (due to the cap), and I think we should keep it this way.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

58 replies

= new reply since forum marked as read

Highlight:

What is "Third Way" & Who here supports it? [View all] TheDormouse Mar 2016 OP

Excellent question for discussion! yourpaljoey Mar 2016 #1

They are here. SamKnause Mar 2016 #19

Neoliberalism - its a global thing- a global attack on the public-see the two videos I just posted Baobab Mar 2016 #44

Thank you. I was hoping someone would post a serious answer. Rhiannon12866 Mar 2016 #55

It's a straw man redstateblues Mar 2016 #2

please elaborate? nt TheDormouse Mar 2016 #3

ThirdWay.org exists. The DLC & Third Way corporate shilling goes way back..... think Mar 2016 #4

Oh do tell. SamKnause Mar 2016 #16

Not acording to the Third Way website FreakinDJ Mar 2016 #29

^THIS silvershadow Mar 2016 #58

Any Hillary supporter, It's progress for very few, the same amount making the decisions ,a Political orpupilofnature57 Mar 2016 #5

Well said. SamKnause Mar 2016 #15

Exactly. SamKnause Mar 2016 #18

.+1 840high Mar 2016 #37

It's the Boogeyman. hrmjustin Mar 2016 #6

It has certainly had frightening consequences in this country SamKnause Mar 2016 #17

It's how Democrats "compromise" with Republicans The Velveteen Ocelot Mar 2016 #7

... SamKnause Mar 2016 #11

^^^^THIS^^^^ LiberalElite Mar 2016 #20

What you said farleftlib Mar 2016 #33

Think the Clintons, blue dogs, collaborators. Tierra_y_Libertad Mar 2016 #8

Basically the corporate cash friendly portion of the Democratic party Fumesucker Mar 2016 #9

Anyone who supports Hillary supports the Third Way. SamKnause Mar 2016 #10

Third Way is Republican economic and foreign policies... HooptieWagon Mar 2016 #12

Excellent description. SamKnause Mar 2016 #14

But not very accurate. DLC and Third Way adopt already popular and fully advocated social positions Bluenorthwest Mar 2016 #25

I like both descriptions. SamKnause Mar 2016 #32

True-- they don't actually work to *advance* the social issues they use as Marr Mar 2016 #42

I've lived in different states justiceischeap Mar 2016 #48

They had political unrest in germany that gave way to a third reich... dubyadiprecession Mar 2016 #13

It seems there are no Third Way supporters in this discussion ... nt TheDormouse Mar 2016 #21

Hillary supporters want to own her, but not admit she�s a third-way, corporatized centrist. earthshine Mar 2016 #22

Here on DU it means broadly the policies followed by Bill Clinton and Barack Obama, Nye Bevan Mar 2016 #23

thank you nt TheDormouse Mar 2016 #24

Thank you noretreatnosurrender Mar 2016 #26

This message was self-deleted by its author LiberalArkie Mar 2016 #35

Whoa !!!!!!!! SamKnause Mar 2016 #36

Thick-skinned soul you are, indeed. Can I ask you a question ? steve2470 Mar 2016 #56

Because right now Social Security is perceived as "fair" even by very high earners. Nye Bevan Mar 2016 #57

Republicans who infiltrated the Democratic party Autumn Colors Mar 2016 #27

You should at least check out their own website (currently featuring War on Terror!!!) and let them Bluenorthwest Mar 2016 #28

I skimmed the website. Where do u find public officials listed there? nt TheDormouse Mar 2016 #31

If you want to see some elected officials who are advised by the Third Way, check out the membership djean111 Mar 2016 #34

Third Way Dems� new war on Elizabeth Warren progressives: think Mar 2016 #30

This is BS, just a cover story for their neoliberalism Baobab Mar 2016 #49

Third Way is a wing of the Democratic Party which opposes all of FDRs policies and programs. They Dont call me Shirley Mar 2016 #38

New Democrats, The DLC and the Third Way Dragonfli Mar 2016 #39

Some more information from DUer Madfloridian Dragonfli Mar 2016 #40

Strangely, the people who says there's no such thing... Marr Mar 2016 #41

Around here most of the supporters are found in Camp Bansalot. hobbit709 Mar 2016 #43

The third way nadinbrzezinski Mar 2016 #45

Yes TubbersUK Mar 2016 #52

I know that nadinbrzezinski Mar 2016 #53

It has lost its original meaning and become an all-purpose insult at DU ... Hekate Mar 2016 #46

It's a movement of people that believe that good policy comes from collaboration and compromise Algernon Moncrieff Mar 2016 #47

Well there are the many versions of it on DU and then there is the official version. Rex Mar 2016 #50

I made my own independent decision to support Hillary. Imagine that. Trust Buster Mar 2016 #51

So is a middle manager making good money working for GM redstateblues Mar 2016 #54