Friday, August 20, 2010

Simple Way To Fix Social Security

Do we need to raise the retirement age, increase the tax rate, or reduce benefit payments in order to fix social security's insolvencey problem? Nope. Get rid of the $106,800 wage exemption ceiling.

If it's fair to ask a man to pay 7.65% of his $30,000 annual wages, then it's fair to ask another man making $20,000,000 to pay 7.65% too.

Steve

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