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No. of Recommendations: 9
I think there is consensus to revise Social Security to extend its finances. That would usually mean raising the retirement age (usually some years in the future) and raising the income cap on annual contributions.

The former is despicable. People who do manual labor/work in factories/mines/construction/butcher shops/etc. not only don't live as long, but are very seldom able work to age 66 as it is. Not to mention others wh succumb to health issues before age 66. These are the very people who do not deserve to have their benefit cut! Not everybody has a white collar job with generous benefits and healthy, happy senior years. Let's not add to their misery.

The latter should've been accomplished by now. At a minimum, we should double the income subject to the SS tax and thereafter annual COLA equivalents.

If that's insufficient, we should explore subjecting other kinds of income to FICA taxes--IMO up to, say, age 55. After some minimum that isn;t subject to it--say after the first $12,000/year.
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