Of the comments about Social Security I sort of like Obama’s the best, tho it is anything but complete. – Yes, I would remove the cap on SS taxes or at least raise it up to one million dollars and have the cap go up by 3 times the rate of inflation in following years. – This would increase the total amount of money collected by SS. Now we all know, giving Congresscritters extra money is like giving an addict more of the same. – My solution to the extra money is to NOT collect it. How? Easy. Using what was collected the previous year as a baseline lower the tax rate, yes – a tax cut, so that the monies collected are equal to the monies collected the previous year. – What would this do? It would give a tax break to millions of tax payers, middle-class tax payers. It would also give companies an equal tax break. This money could go to hiring more employees, giving current employees a pay raise, increase the dividend, increase R&D, etc. I’m sure some of you could think of ways to make use of the windfall. – Will this “solve” the problems with Social Security? I doubt it. However, it would ameliorate it. Not really sure there is any definitive answer. Now you won’t hear a politician say this.
