Currently, those under the cap pay about 6.2% with their employer matching. Make $2.5 million? You'll only pay about 1/3 of 1 percent on your earnings. And, come on, if the cap were lifted, those top earners would not suffer since their ability to pay is substantial.
https://twitter.com/MesMitch/status/1377710921410359297
One justification for lifting the cap is fairness. It would remedy the difference between actual cost and proportional cost. A toll road (or economy) is of greater and greater benefit to you the more you earn from it. @potus
So you should pay the value of it to you, and one measure of that value is the income you earn from it.
The contribution to the country? It would keep benefits stable, or better,index the to the actual cost of living. And it would fund SS indefinitely. @potus @vp @SpeakerPelosi
The contribution to the country? It would keep benefits stable, or better,index the to the actual cost of living. And it would fund SS indefinitely. @potus @vp @SpeakerPelosi
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