Reply #26: Social Security is everyone's responsibility, not just the working class

[MajorChode]

SS is considered part of employee compensation; all employers pay it on 90% of wages. Conditions are the same for all, thus, it's not a "liability" anymore than a minimum wage is. It doesn't put one employer at a disadvantage v. another.

Actually you're quite wrong on that. Consider a business that pays its employees (and the owners) a regular wage vs another business that incorporates and pays it's "employees" (and owners) dividends based on their stock holdings. It happens all the time and it's quite legal. It also drives up the cost of labor much more so than any minimum wage laws because the vast majority of workers make more than minimum wage. You also ignore the fact that we no longer live in a fishbowl. American businesses have to compete globally.

You're mistaken; the privatization drones would love to increase the cap, because then the top 10% would fund 60% of it, which would give them a great wedge issue.

You keep harping on this, but do you have even one shred of evidence to that effect, or is this simply your exclusive opinion?

If you want a welfare program or a progressive guaranteed income program, fund it from the general budget, call it by its true name, & suffer the politics of it.

It already is in many respects, and this is actually a very good idea.