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not fooled

(6,424 posts)
22. Oh FFS
Wed Jul 9, 2025, 09:08 PM
Jul 9

A big part of the reason for the shortfall in the trust fund is that income inequality rocketed upwards in the last few decades (ever since that evil old bastard raygun got the ball rolling in earnest). As a result, Social Security collected much less in contributions than planned, because more and more income was above the cap. Alex Lawson of Social Security Works is all over this.

Therefore, raising the cap is merely recapturing Social Security's fair share of income.

Geez, why don't these two want to address the underlying problem?

This country, I dunno...actually, I do.

Recommendations

5 members have recommended this reply (displayed in chronological order):

Well, given all that Trump is doing to kill us all, maybe there is no hurry... hlthe2b Jul 9 #1
I have abetter idea Give Peace A Chance Jul 9 #16
and include unearned income over, say, $500,000 in the taxable mx. Aw fuck. On second thought, not a good idea. 3Hotdogs Jul 9 #18
You'd think maybe,just maybe Tim Kaine would have mentioned that?!?! Bengus81 Jul 9 #21
Exactly Rebl2 Jul 9 #24
More gambling. FalloutShelter Jul 9 #2
I can hear that chant ... and it sounds potentially KPN Jul 10 #33
This must be doublespeak for break it completely. ananda Jul 9 #3
"we must destroy thevillage in order to save it" rampartd Jul 9 #7
That's the ticket, privatize socilal seurity Progressive dog Jul 9 #4
eliminate the tax cap moonshinegnomie Jul 9 #5
"a new diversified pool of investments." rampartd Jul 9 #6
Diversified into crypto and Progressive dog Jul 9 #14
Screw DAT! Unbacked currency is just dirty paper! mpcamb Jul 9 #17
The fact is that SS funded tax cuts for the rich and no one had any problems whatsoever with that dsc Jul 9 #8
A lot of MAGAs depend on Social Security FakeNoose Jul 9 #9
The MAGA will blame the Democrats and worship Trump until they die prematurely. nt PufPuf23 Jul 9 #19
here's what they think NJCher Jul 10 #31
How can anyone think that foreign countries will pay trillions in tariffs? Justice matters. Jul 10 #34
Orange anus will threaten countries to not raise prices louis-t Jul 10 #39
Your response to those dumbass MAGAs was right-on! FakeNoose Jul 10 #36
They will understand it only when they are out on the street because of it. SupportSanity Jul 10 #37
Only a part of the solution. James48 Jul 9 #10
"alternative funding model" raises HUGE RED FLAGS for me. Oh. Dump it in the fucking STOCK MARKET?? CousinIT Jul 9 #11
No. Just no. nt in2herbs Jul 9 #12
Fuck you, Tim Kaine! yellow dahlia Jul 9 #13
This would be the GOP's dream come true. What is wrong with Kaine? Raven123 Jul 9 #15
If there is trillions availed for tax cuts to the wealthy republianmushroom Jul 9 #20
Oh FFS not fooled Jul 9 #22
How about they just raise the cap and tax rich people? tinrobot Jul 9 #23
Ya.........No LiberalLovinLug Jul 9 #25
Eliminate cap over 400k and add another bend point JT45242 Jul 9 #26
So "diversfied pool of investments" Buddyzbuddy Jul 9 #27
They really are killing this party aren't they? thumper2547 Jul 9 #28
I'm not buying that. Wall Street financiers and robber barons have had their eye on PatrickforB Jul 9 #29
NO LudwigPastorius Jul 9 #30
Getting REALLY sick of these overly convoluted, half-assed "bipartisan" solutions to problems with VERY obvious answers. Karasu Jul 10 #32
Bipartisanship? Restore Medicaid/ Medicare funding bronxiteforever Jul 10 #35
It sucks now that our Congress thinks a bad solution is better than no solution mdbl Jul 10 #38
JUST ELIMINATE THE WAGE CAP!!!! greenspud's reagan era fix was a time bomb. pansypoo53219 Jul 10 #40
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