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View Diary: Take Social Security off the table (159 comments)

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  •  Fix the Economy = Income Equality (0+ / 0-)

    The income inequality is at the root of the problem.  I think I read where today SS is only capturing like 80% of the income while it was designed to capture 90% in order to remain solvent.  Over the last 30 years the top 1% has increased their share of the income pie by almost 10%.  10%!!!!  That is 10% that use to go to the middle class and which was fully taxed by SS.  Now, basically none of it is.  

    Poor man wants to be rich. Rich man wants to king. And the king ain't satisifed until he rules everything. B.Springsteen

    by howd on Tue Nov 13, 2012 at 04:44:46 PM PST

    [ Parent ]

    •  Thats basically right (1+ / 0-)
      Recommended by:
      howd

      90%til is 186,000, but today the cap is 110,100, the 84 percentile.

      And income disparity makes it worse.

      FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

      by Roger Fox on Tue Nov 13, 2012 at 06:59:46 PM PST

      [ Parent ]

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