we could end poverty in our nation. It wouldn't be to hard to do either. If we had intelligent and compassionate people working in Washington for the good of the American ..... Sorry I just couldn't type that with a straight face.
But lets see how many steps we would have to take.
1-Remove the social security payroll limit. Not raise it, remove it. This gives social security an even sounder footing and it begins to address the growing income inequality that we're seeing.
2-After an certain amount, capital gains are taxed at the same rate as paycheck. This includes social security taxes. Now we making some head way.
3-We eliminate unemployment. The money for that program is placed, yes that right, in social security.
4-We expand social security offices to deal with the workload to come, which means more people working and paying taxes.
5-Everybody whose unemployed receives a social security stipend in exchange for either volunteer work and/or schooling/training. Anyone under-unemployed receives a smaller support stipend. After 57-60 no work requirements and full social security payments(which should be increased).
Yes, there actually a lot of work listed above, but don't you think the benefits would be worth it?