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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (516715)	9/28/2009 3:27:34 PM
From: Tenchusatsu	Read Replies (1) of 1576658

RW, > That's a really long way from what he actually said, of course Not that far off, IMO. The very idea of lifting the FICA cap in itself is politically risky. By divorcing the deductions from the benefits, the perception of Social Security changes from a government-sponsored insurance program to a wealth redistribution scheme. Doing a search on Google, I found the following link to a guy who says it best: markschmitt.typepad.com > Lifting the cap on the payroll tax seems like it might catch on as an answer to the call that several of us have issued to consider wholesale reform of the tax system. But there is a significant pitfall to this proposal that advocates should at least be aware of: It would create a class of people for whom Social Security is a manifestly bad deal. And I think that when that happens, it will be much harder to save Social Security from its enemies. Tenchusatsu

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