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Money and Finances
Reply to "High earners/savers: How do you feel about social security?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We should have enough without. I don't understand why they have a wage cap. Just take it from all wages and that will solve the insolvency problems pretty quick. [/quote] I wish they would just tax all earnings instead of having a cap there - that would also solve the problem! [/quote] Will it though (serious question)? The ultra high net worth and above folks derive far more from investments and capital gains that aren’t subject to SS taxes. [/quote] it’s so discouraging when all people understand and can focus on are the high W2 people when it’s the Form 1041 people who are the problem. Until Americans understand what and who the problem is this will never get fixed. We are so ignorant we kinda deserve this. [/quote]
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