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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: mel221 who wrote (123198)	10/9/2012 6:45:07 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 149317

Mel, However, I don't think this comes close to solving the problem of contributing for 30 years and collecting for several hundred. Well, it kind of does. Life expectancy isn't going any higher these days, so if we kept increasing the SS payroll taxes, eventually we'll hit some sort of equilibrium. The real problem is that SS was never meant to be a huge wealth redistribution scheme. There is some that happens, but only enough to satisfy the safety net goals of the program. Traditionally the amount of benefits that retirees get is somewhat proportional to the amount they put in. Lift the FICA cap, and that correlation goes right out the window. Some who prefer the status quo fear that would cause public opinion to go against the program because contributions would no longer be tied to benefits. Liberals usually can't discuss this issue without slinging their usual red herrings like "You don't care about poor, elderly retirees" or "The one-percent can afford it." Tenchusatsu