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]The high earners/contributors are going to keep getting paid out. They will just keep raising retirement age and keep raising the cap. It’s not politically tenable to tell a huge group of wealthy influential people that you are singling them out to raises taxes on them. Just look what happens if they try to increase the marginal tax rate, which this is just  another version of. [/quote]

It's a 12%+ tax (between them and the employer).  At some point, you cannot just tax the Rich (not talking about those worth $200M+) more and more and expect them to accept it without voicing complaints, and without expecting something in return.  [/quote]

What they are getting is a functioning society— one where people would stop cheering when CEO’s get killed in the street and warehouses get burned down. They already get the lion’s share of wealth. You do not need to go to people worth $200 M or even $20 million to cover the top 1% who currently own one-third of all the wealth— leaving crumbs for everyone else. [/quote]

The top 1% pay about 40% of total income taxes while the bottom 50% (!) pay about 3%.

I don’t think the top 1% is the problem or the solution. [/quote]

But this is only true of wage earners. It does not take into account how the super wealthy finagle their comp so it’s not taxed as earned income. Rest assured they are still well compensated, they are just not taxed. [/quote]

That is such a ridiculously tiny percent of the population. It’s near insanity that people focus their energy on that. Even if we took every single cent - all of it - from the super wealthy, we would be in the exact same situation in about five minutes. Our problems are structural. [/quote]

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