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Investing/Strategies / Retirement Investing
|Subject: Re: Future of retirement||Date: 9/18/2011 7:40 PM|
|Author: JAFO31||Number: 69612 of 82375|
alchook: "There is a certain sense of outrage that Social Security taxes are capped. What's generally ignored is that the benefits are capped as well."
"Furthermore, the benefits are progressive in that they replace a larger percentage of a lower earner's income than a higher earner's."
Point taken, but I believe that would be regressive, not progressive.
"It was meant to benefit everyone rather than to function as a welfare program."
It has always been a welfare program. Taxes are payed to those with earned income and often (though nto always) to people wit little or no earned income.
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