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URL:  http://boards.fool.com/alchook-quotthere-is-a-certain-sense-of-outrage-29549395.aspx

Subject:  Re: Future of retirement Date:  9/18/2011  7:40 PM
Author:  JAFO31 Number:  69612 of 76079

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."

Agreed.

"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.

Regards, JAFO
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