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In reply to the discussion: The Savings to Social Security from Means Testing = Higher Costs [View all]Sekhmets Daughter
(7,515 posts)3. Frankly,
I think the only real way to preserve Social Security is to raise the minimum wage to a living wage, while making it impossible for corporations to outsource their jobs.
Many people suggest the contribution caps should be removed or at least raised....I think if you do that our "oh-so beleaguered" corporations will make more and more employees independent contractors who will find themselves paying the full 15.30% of the payroll tax. We have a tendency to only think of the employees contributions, but the corporations contribute as well. As they have long shown themselves to be disinterested in both their employees and the rest of the nation as a whole, I think we can expect the unintended consequences would be brutal.
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Means-testing is just a cynical ploy to undermine political support for the program ...
dawg
Nov 2012
#1
only wage income gives you social security eligibility, not capital income. so your
HiPointDem
Nov 2012
#19
Only wage income is subject to SS tax. If donald trump pays himself a wage, it's
HiPointDem
Nov 2012
#39
only if trump has himself as employee of that llc and is paying social security tax
HiPointDem
Nov 2012
#59
because it's a universal system, and as such, was not designed *only* to keep
HiPointDem
Nov 2012
#62
It clearly was set up to provide payments to all persons who paid in, because that
HiPointDem
Nov 2012
#64
If you purchase retirement insurance, when you retire you get a benefit payment
FogerRox
Nov 2012
#42
It's not insurance against retirement, it's insurance against been POOR in retirement...
Jeff In Milwaukee
Nov 2012
#56
I disagree. I'm taking the fact that people are seriously suggesting means-testing...
JVS
Nov 2012
#61
the corporate contribution is figured as part of total employee compensation &
HiPointDem
Nov 2012
#5
i agree that the problem is wages. i disagree that social security avoidance is the primary
HiPointDem
Nov 2012
#14
That is my point. He didn't really choose to become an independent contractor
Live and Learn
Nov 2012
#22