General Discussion
In reply to the discussion: Once again, Obama offers to cut Social Security [View all]HiPointDem
(20,729 posts)$2500/mo. Subject to income taxation on 85% of it, soon to be 100%.
so wow, maybe they get $2000/mo, this top 1%.
how much do you think you're going to save v. what you're going to lose when they say. "fuck, who needs this headache? let's just go to vouchers!"
these are the people who already pay the lion's share of the cost of SS. They're mostly highly paid workers.
Capitalists may get salary, but most of their income comes from CAPITAL, which isn't subject to SS taxes.
Furthermore, the superrich can arrange to get their income in any way in which it's most beneficial
tax-wise -- something highly paid workers are less able to do.
You want to tax those highly-paid corporate execs more for SS? They just arrange to take more of their compensation in stock or other stuff SS can't tax.