Reply #11: Increase the Cap. It's that easy. The cap is regressive and unfair.

[NAO]

Saving Social Security really is as easy as raising (or eliminating) the cap. The cap as it stands now is regressive and unfair.

A family making 50,000/yr paying 7% payroll tax pays 3,500. If their living expense is 40,000, that tax represents 35% of their surplus income.

A family making 200,000/yr paying 7% on the first 90,000, and 0% on the remaining 110,000 pays 6,300. That is an overall tax rate of 3.1% -- less than half the rate of the lower income family. Not only that, but if their living cost is 80,000 (double the cost of the other family), then their payroll tax is a meager 5% of their surplus income.

If people don't like a fair tax system (not even a progressive system, just a fair system) they should just leave the USA, and move to some other industrialized country. Ok, on second thought all the industrialized countries have HIGHER, MORE PROGRESSIVE tax systems) so I guess they should move to some third world country.