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Reply #72: I think both may be necessary [View All]

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UnapologeticLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-06-03 10:24 PM
Response to Reply #18
72. I think both may be necessary
But I have mixed feelings about raising the amount of income that is taxable, because there is a cap on benefits on the other end. To be fair, if you were to raise the cap on taxable income, you would have to raise the cap on benefits, and that would not help make it more solvent.

I guess this is a generational thing...I am 19 and am fairly certain that I will not only not see a penny from SS but will have my taxes raised to pay for the baby boomers. I am not unwilling to do this, but I resent when people tell me that social security is not a tax, that it is simply paying for my own life insurance. But when even the most optimistic, anti-privatization forces say it is solvent only until 2041, when I will be 57, I do not exactly feel insured.
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