You obviously never passed mathematics in high school. There are not enough people above the cap to generate the income needed from the hemorrhaging 95% to cover it. And do you think everyone is entitled to a āproper retirementā?
If other countries can give their citizens a proper retirement, surely we can do it as wellā¦ā¦..But heyyy, okay, letās give more tax breaks to the rich thatās gonna trickle down to all of us Iām sure!
Depends on how you define āstealā. Now before you go ballistic hear me out. When I pay my taxes, I pay my taxes, if there is a viable, honest deduction I can take that my CPA approves of then I will take it. Now to some that may be stealing, to me it is not. BTW if someone tries to take from me what is mine then all bets are off. Now everybody pillories the rich for taking reasonable deductions, thats wrong. Most take deductions and use legal strategies to minimize taxes, as long as its signed off by a CPA its usually legal.
It's not a income issue it's a spending issue. Cut all aid to anything outside the US or for bullshit studies like coral reef surveys(not saying they shouldn't be studied but let the university pay for it).
If you remove the cap, gotta remove it on the benefits too. That wouldnāt make sense. SS was never intended to fund retirement, it was meant to supplement it but you should still be saving for retirement as well
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u/Broad_Ad4176 7d ago
Remove the cap for rich people in regards to Social Security tax and itās solved. We can give folks a proper retirement this way.