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View Diary: Barney Frank: Save Social Security by making the near rich pay a little more (146 comments)

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  •  Eliminate cap but reduce rate? (4+ / 0-)
    Recommended by:
    rabel, reflectionsv37, MPociask, No Exit

    I wonder whether, if the cap is completely eliminated, it would be possible to reduce the rate slightly.  This would ease the pain of ending the payroll tax cut for people in the lower income range.  However, social security tax rates can't be progressive because that defeats the concept of it being insurance.

    •  Good idea (2+ / 0-)
      Recommended by:
      No Exit, word is bond

      That's a great idea.  Ease the rate, increase the cap, increase the maximum benefit amount.

      There, problem solved.  Next!

      [Terrorists] are a dime a dozen, they are all over the world and for every one we lock up there will be three to take his place. --Digby

      by rabel on Tue Jan 08, 2013 at 05:00:59 PM PST

      [ Parent ]

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