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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (212770)12/6/2004 2:09:28 PM
From: Tenchusatsu  Read Replies (1) of 1573683
 
JF, it would be nice if we could cover the transition costs without having to raise the ceiling on SS payroll deductions.

Since that's not going to happen, I propose getting rid of the ceiling altogether, then immediately reducing the payroll tax rate by a third. Benefits can still be capped at whatever level they're capped at.

This way, we can pay for the transition to a more privatized SS program. Will this amount to taxing the rich? Yeah, probably; I haven't done the math yet. I'm just tossing out an idea.

Tenchusatsu
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