March 8, 2013

How about this, for some simple and reasonably fair Social Security reform:

Remove the cap on earnings subject to FICA, but don't institute any "means testing" other than just making SS benefits taxable by combination with other income. That would get some of the money back from the more wealthy folks, and in a simple way (ie, by not adding a new complex formula to decide how much one is paid SS to start with), without "messing with the system" by changing overall payment protocols, or switching to the odious chained CPI, etc.


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