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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (10423)	2/11/2017 5:42:58 PM
From: i-node	1 Recommendation Recommended By one_less Read Replies (1) \| Respond to of 361099

>> I have answered this for you a zillion times. Lift the cap and social security will be good for decades. >> Why can't you remember that.? I remember you said but it simply isn't a factual statement, which I explained to you at the time and you are once again repeating a lie, and one that you know to be a lie. The current unfunded liability for SS and Disability amounts to around $13 Trillion. You cannot raise that kind of money by eliminating the SS cap. Period. You just can't. That should be apparent to anyone who isn't arithmetically disabled. But that isn't even the BIGGEST problem. Which is that Medicare has a far bigger problem that must be resolved at the same time. So, the tax base you commit to SS, whatever it is, is that much less you have to deal with SS. And the cap on Medicare wages has been long gone. You're looking at a massive tax increase there already. There simply isn't he money to pay these commitments without economic disaster. These programs Democrats created without thinking, "What happens if people start living longer?" So, stop repeating the same dumb, counter-factual statement and actual explain how your kids are going to pay for this crap and provided for themselves at the same time.

To: koan who wrote (10423)	2/12/2017 9:13:38 PM
From: TimF	1 Recommendation Recommended By i-node Read Replies (1) \| Respond to of 361099

The cap involves a cutoff for increases in payments, not just for increases in taxes. Life the cap and you have more Social Security spending, not just higher taxes. Remove the cap completely and you get confiscatory taxation, which causes other problems. In any case the point isn't addressing just Social Security, you also have Medicare, Medicaid, Obamacare subsidies etc. No tax rates in US history, from single digits to 94 percent top tax rate, has brought in enough revenue as a percent of GDP.