Social Security and tax
mardi 2 mars 2021 à 01:00The US should boost Social Security by eliminating the cap on how much income a person pays the tax on.
The reason this cap exists is because there is an idea that each person is supposed to receive support based on per own earnings. Following that idea, if there is a limit on how much Social Security will pay a retire rich person, there has to be a limit on how much that person pays Social Security.
I think it is perfectly fine to say that rich people will help support the rest, through Social Security as well as in other ways.