Graham Platner-REMOVE THE CAP !

[4bonhoffer]

Good on him for pointing out that a simple fix for social security is to just remove the cap. There have been a lot of democratic representatives who have tried to get this message through, but it always seems to fall to the wayside.

It’s one of the most important and effective messages the Democratic Party has. Really powerful in its simplicity.
Hopefully , REMOVE THE CAP , will be a message that all democratic representatives will push. Push to the point that it becomes a national meme.

[displacedvermoter]

1. It is a critical message, good for him..

[ALBliberal]

2. I remember Al Franken hammering this point home

way back in the Air America days. Quick and easy fix.

[Renew Deal]

3. Isn't the cap automatically raised every year?

[mopinko]

8. yes, it is.

and the billionaires arent going to pay more, cuz they dont get wages.
a better way to do it wd b to expand it to other forms of income, ie capital gains.

[Bluetus]

9. That's not the issue. It is about the rich paying their fair share.

The rich have dealt themselves every loophole in the book. When you look at ALL taxes, the morbidly rich pay a MUCH lower effective rate than working people.

There is no valid argument for capping their income for these programs. They have gotten rich off the backs of working people.

[Dave says]

18. No, that is *an* issue. We just have alot of issues is this backward country we live in

Great if you're rich. Not so great if you're not. Difficult and hard if you're poor.

[Torchlight]

11. Commensurate or absolute?

[LeftInTX]

4. Retitle your post to include the word Social Security. Please.

I thought this was about a cap on his head!

[druidity33]

19. Yeah, what's he hiding under that hat?

I thought the same thing. I'm thinking who cares if he's balding? Then i'm thinking... he cant have another tattoo on his head can he?

[Captain Stern]

5. Removing the cap on SS would certainly help, but it's not a 'fix'.

Most estimates show the removing the cap on SS would extend the program's solvency by a few years.

But eventually, workers are going to have to start paying more in, or recipients are going to have to have their benefits reduced.

[Emile]

6. It would significantly improve the program's finances.

[Cosmocat]

7. Yep - it should be the top line

with a list of other sensible reforms.

The party should workshop it, find what makes the most sense and EVERY LAST D should sign off on and it, and make it one of the priorities they sell universally.

This is both the right thing and a serious problem that needs fixed AND something that be very popular.

[MichMan]

10. Will benefits be adjusted accordingly?

Ever since SS was created, the amount paid out monthly has been linked to how much people paid in. Is his plan to decouple that ?

[Qutzupalotl]

14. This proposal is to help fund the system.

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.

[Exp]

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

[Miguelito Loveless]

13. Don't just remove the cap

Make ALL income, including passive income subject to it.

[MichMan]

15. I assume that means 401k withdrawals and proceeds from selling a primary residence as well.

What about SS payments themselves?

[Miguelito Loveless]

16. OK, excluding retirement

income under a set value, and index for inflation.

[MichMan]

17. Apparently I misunderstood what "ALL" meant n/t