About Social Security and Raising Revenue

[Ripley]

First of all, I believe ending all US wars and obtaining rightfully due taxes from tax-evading corporations and the wealthy are the way to go. But if they want to talk SS:

Raise the cap on income subject to FICA taxes now set at $106,800. Lifting the cap to cover $190,000 of income closes 31% of the gap, according to an AARP analysis; complete removal closes 99% of the shortfall.

Other raised revenue BAD options they discuss: raise payroll tax rate on employers/employees or broaden the base of income subject to FICA, ie health and flex spending accounts. Ways to hurt the middle class.

[judgegblue]

1. Lift the cap on wages and the rate on the current wage owners could be

Reduced and soc sec would still be fully funded

[Ripley]

2. Yeah

raising wages would be a good thing.

Seen that lately?

[nineteen50]

3. Just threaten

to reduce all personal, business and corporate tax deductions
by 10% across the board including all, allowances,
depreciation, advertising, operating costs, price guarantees,
subsidies and grants, Etc. By doing this the real leaches will
be exposed and discredited. No one has a clue to the extent of
personal, business and corporate write offs, lets expose it
all so we can fix it all.

[Ripley]

4. Obama's idea SUCKS

His deficit commission recommended using a new inflation measure called the "chained" Consumer Price Index which tends to rise more slowly than the index now used to compute SS's COLA (cost of living adjustment).

Basically they're saying the price of food, housing, utilities, medical care and drugs ARE NOT TO BE CONSIDERED.

Anyone else find this insane?