Tricky politics of Social Security

Tricky politics of Social Security | csmonitor.com
“This year, the cap on wages subject to payroll taxes is $90,000. It was $29,700 in 1981 but has been adjusted upward each year since then according to the gain in average wages. Back in 1981, some 90 percent of wage-and-salary earnings in aggregate were subject to the payroll tax.
But since then, the distribution of wages in the nation has shifted toward those in upper brackets. So only 85 percent of all taxable wages are subject to the payroll tax today. To restore the coverage to the 90 percent level, the cap would have to be hiked to $138,000. Such action would close about one-third of the 75-year gap that Social Security actuaries foresee between tax revenues and benefit payments.
Sen. Lindsey Graham (R) of South Carolina has been proposing a hike in the cap during the current discussion of changes in Social Security.
One other alternative being discussed would be to remove the cap entirely, as has happened with the payroll tax for Medicare. That would close the 75-year gap further.”

I have an idea…let’s do what is fair. I know Republicans have a problem with that concept…as well as some Democrats. Fair is all of us paying the bill. Not 90%...make it 100%. Remove the cap. SSI is supposed to be for all of us and what is so terrible about paying money towards the future care of others as well as for you? Aren’t we supposed to do that?