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patphil

(9,310 posts)
9. The easiest way to insure Social Security will remain solvent is to increase the maximum amount that's taxable.
Fri Jun 12, 2026, 01:07 PM
Jun 12

Increase the amount of income that is taxable from $184,500. to $500,000.
But that would mean taking money away from a lot of rich people, something the republicans don't want to do.
What they want is to push Social Security into a crisis, and then say the only answer is privatization of the fund.
I don't think I need to tell you how bad that would be for those Americans that are paying into the fund each year, and will need that money to supplement other sources of retirement income. There's no doubt we'd end up paying in more, and getting back less.
Pension funds are disappearing, or being reduced in value. 401K's and IRA's can't get the job done for people who don't have enough income to put into savings, and that's just about all of us in the lower and middle classes.

There seems to be a determined effort by the republicans to eliminate the entire middle class, creating one gigantic lower class at the bottom, and a small super rich class at the top.

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