Reply to High earners/savers: How do you feel about social security?

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Reply to "High earners/savers: How do you feel about social security?"

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[quote=Anonymous][quote=Anonymous][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]

This. The people with earned income are not the problem.

Did you know the Uber rich take loans against their stock to live off of and don’t pay any taxes at all?[/quote]

Even the WSJ editorial board thinks something has to be done about the fact that the ultra, ultra wealthy don't really pay that much in tax.

The don't believe in a wealth tax, but at the same time, they think the super wealthy need can't just fight every proposal or that's where it's headed.[/quote]

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