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Qutzupalotl

(15,849 posts)

14. This proposal is to help fund the system.

Reply to MichMan (Reply #10)

Tue May 5, 2026, 03:32 PM

18 hrs ago

The aim is to raise or eliminate the cap on earnings that are subject to SS tax, currently in the low six digits, and adjusted annually. So a billionaire and a mid-level manager currently pay in to the system at the same rate. By raising or eliminating the cap, we would subject more billionaire earnings to SS tax. Payouts would stay coupled to what you paid in.

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OnionPatch

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Highlight:

Graham Platner-REMOVE THE CAP ! [View all] 4bonhoffer Yesterday OP

It is a critical message, good for him.. displacedvermoter Yesterday #1

I remember Al Franken hammering this point home ALBliberal 23 hrs ago #2

Isn't the cap automatically raised every year? Renew Deal 23 hrs ago #3

yes, it is. mopinko 22 hrs ago #8

That's not the issue. It is about the rich paying their fair share. Bluetus 22 hrs ago #9

No, that is *an* issue. We just have alot of issues is this backward country we live in Dave says 16 hrs ago #18

Commensurate or absolute? Torchlight 22 hrs ago #11

Retitle your post to include the word Social Security. Please. LeftInTX 23 hrs ago #4

Yeah, what's he hiding under that hat? druidity33 2 hrs ago #19

From what I've seen during his tv appearances BlueCaliDem 56 min ago #20

Removing the cap on SS would certainly help, but it's not a 'fix'. Captain Stern 22 hrs ago #5

It would significantly improve the program's finances. Emile 22 hrs ago #6

Yep - it should be the top line Cosmocat 22 hrs ago #7

Will benefits be adjusted accordingly? MichMan 22 hrs ago #10

This proposal is to help fund the system. Qutzupalotl 18 hrs ago #14

Absolutely! Then the wealthiest MIGHT end up paying around a 17% tax on their obsene income. nt Exp 22 hrs ago #12

Don't just remove the cap Miguelito Loveless 20 hrs ago #13

I assume that means 401k withdrawals and proceeds from selling a primary residence as well. MichMan 17 hrs ago #15

OK, excluding retirement Miguelito Loveless 17 hrs ago #16

Apparently I misunderstood what "ALL" meant n/t MichMan 16 hrs ago #17