General Discussion
In reply to the discussion: Jeb Bush pushes to ‘phase out’ Medicare [View all]TBF
(32,058 posts)1. Remove the cap on taxable earnings (2015 - $118,500). Currently anyone who makes over that amount does not pay SS on the rest of their income. This is a regressive tax and needs to be eliminated.
2. Take the money you've earned from removing the cap and use it to lower the age at which social security is obtained. I think 55 would be a good retirement age, especially since it's harder than H**l to get a job in this country if you're even over 40 much less 50. So, we'll compromise and say 55 for now.
3. What if removing the tax does not give us enough $$$ to do that? Then we make some more changes as follows: tax on every investment transaction, raise taxes on capital gains to where they were pre-Reagan (that's right - tax them just like any other income), start closing overseas bases & other cuts to defense (I'm targeting here because it is where most of our money goes).
4. Immediate lock box for Social Security - no more borrowing out by Congress to fund their pet projects.
5. Any questions? I can keep going.