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JustABozoOnThisBus

(23,440 posts)

57. Wealthy would probably get more, as they do today.

Wed Mar 1, 2023, 03:04 PM

Mar 2023

Last edited Sat Mar 4, 2023, 04:23 PM - Edit history (1)

The SS check is related to your income (below the cap) for your highest-earning 35 years, adjusted for inflation.

So, wealthy would have put more in, and they get higher monthly checks. To compound this, the wealthy can afford to hold off on collecting SS until they turn 70, to get the max.

If everyone gets an additional 2400 per month, then the wealthy will still get more.

If the cap was raised, or removed, the wealthy would contribute much more during their earning years, and receive an additional modest bump during retirement. I don't understand why we still have a cap.

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Highlight:

White House aides have discussed Social Security tax, eyeing shortfall [View all] brooklynite Feb 2023 OP

A one week National strike multigraincracker Feb 2023 #1

Let us know when somebody organizes one... brooklynite Feb 2023 #2

Yet multigraincracker Feb 2023 #5

How difficult is that with a majority Democratic legislature? brooklynite Feb 2023 #11

That is just multigraincracker Feb 2023 #12

So your for forcing people to work for unions? thatdemguy Feb 2023 #14

No one is forced to multigraincracker Feb 2023 #15

well when I worked in the union thatdemguy Feb 2023 #18

I am 73 years old and retired from my Union multigraincracker Feb 2023 #21

I agree some unions are great thatdemguy Feb 2023 #22

THIS 1000 times! KPN Feb 2023 #52

Better that we force workers Not to Unionize? Farmer-Rick Feb 2023 #19

not how it works. thatdemguy Feb 2023 #20

The choice "right to work" gives is multigraincracker Feb 2023 #23

The reason those who opt out are still represented is due to exclusive representation clauses MichMan Feb 2023 #33

What gets me is, People thinking like you. bluestarone Feb 2023 #36

Yeah, they claim to allow unions, until you actually really read the legislation Farmer-Rick Feb 2023 #38

If the unions eliminated the exclusive representation clauses of their contracts... MichMan Feb 2023 #42

Yeah because without it it's not a union Farmer-Rick Feb 2023 #51

The one that says only this union can represent this bargaining unit. MichMan Feb 2023 #53

"Work for unions"? Where did that come from? Geez. mobeau69 Feb 2023 #39

Yet, hardly anybody mentions that newdayneeded Feb 2023 #3

THIS. n/t CousinIT Feb 2023 #4

They could raise the cap to 250K - MAGAts would whine.... CousinIT Feb 2023 #6

President Biden promised no one making under $400k would see any tax increases. MichMan Feb 2023 #8

True, he did. Could restart cap at $425K CousinIT Feb 2023 #27

Plus, i don't mean to be morbid, newdayneeded Feb 2023 #7

Maybe: the 790,000 age 65+ deaths with Covid represent 1.5% of the age 65+ population progree Feb 2023 #10

Thanks for adding this info, progree, really helpful. JudyM Feb 2023 #13

🌺 progree Feb 2023 #32

Can Social Security be changed where all types of income must pay into it? friend of a friend Feb 2023 #9

There is a movement to multigraincracker Feb 2023 #16

I'm MOSTLY in favor of that... Happy Hoosier Feb 2023 #26

wealthiest 10% of Americans own a record 89% of all U.S. stocks multigraincracker Feb 2023 #29

May I have some more please. multigraincracker Feb 2023 #30

Keep the tax at the first $160,000 of income kellytore Feb 2023 #17

I personally like that idea (mentioned elsewhere in the thread) but... CousinIT Feb 2023 #28

Why give 160,000-400,000 earners a "free ride"? honest.abe Feb 2023 #55

I'm one of those weird people who slightlv Feb 2023 #24

I'd be in favor of a wealth tax, not income. multigraincracker Feb 2023 #31

That's what the original progressive income tax structure was meant to do Warpy Feb 2023 #44

Make America Great Again, multigraincracker Feb 2023 #45

Yeah, but INDEX THEM THIS TIME Warpy Feb 2023 #48

Thanks multigraincracker Feb 2023 #49

So get the minimum wage raised nationally Warpy Feb 2023 #25

This MichMan Feb 2023 #34

I'd go for a maximum tax law. multigraincracker Feb 2023 #46

Who actually pays $7.25 a hour? former9thward Feb 2023 #35

Try any town in these states Warpy Feb 2023 #40

I live in a rural type area and no one is paying minimum wage. MichMan Feb 2023 #41

Minimum wage in Mich. is $10.10/hour Warpy Feb 2023 #43

So, no one is paying the $10.10 min wage either MichMan Feb 2023 #47

Entitlements? WiVoter Feb 2023 #37

Dems should at least start with Sanders' bill, snot Feb 2023 #50

Since benefits are tied to contributions, would the wealthy receive bigger monthly checks? MichMan Feb 2023 #54

The article states, snot Feb 2023 #56

Wealthy would probably get more, as they do today. JustABozoOnThisBus Mar 2023 #57