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Reply to "High earners/savers: How do you feel about social security?"
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[quote=Anonymous][quote=Anonymous]One of the reasons why social security has been politically popular for so long is that it isn’t, by and large, a social welfare program like Medicaid, SNAP, and welfare benefits generally. It’s still relatively progressive. I understand there are things that need to happen to the program in order to keep it fiscally solvent but I think capping benefits is a mistake regardless of whether a person will ‘need’ those funds in retirement because the less people see it potentially benefiting them; the less political support it will have.[/quote] +1 I find it annoying to pay 6.2% of the first $180k of my income in ss taxes (and spouse as as sole proprietor pays 12.4%) but at least I'll get something out of it, and I'll get more than the person who paid less into than I did. Which is fair.[/quote]
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