Current Events — HabitableZone

Current Events » in reply to Kind of never expected to get it.

SS was fixed for 50 years in the Reagan era

Reagan and Tip O'Neil set it up on a path where it generated a surplus for many decades. It's an easy fix now too.

The current maximum amount of taxable earnings for Social Security is $176,100. So anyone making more than that pays the exact same amount in as someone making $176,100. Elon Musk, Jeff Bezos, the orange shitatain, etc all pay SS taxes only up to the first $176.1k they make.

As Bernie Sanders says so often, raise the maximum amount of taxable earnings for Social Security to $1 million, problem solved for 100 years.

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