If older people don't move out, younger people can't move up. But SS is not a retirement plan, it indigence insurance. You can't retire on $1800 a month. Right now a billionaire pays the same amount of money into Social Security as someone who makes $118,500 a year. That’s because there is a cap on taxable income that goes into the Social Security system. Sen. Sanders has introduced legislation to end this absurdity, by lifting this cap so that everyone who makes over $250,000 a year pays the same percentage of their income into Social Security as the middle class and working families. This would not only extend the solvency of Social Security for the next 50 years, but also bring in enough revenue to expand benefits by an average of $65 a month; increase cost-of-living-adjustments; and lift more seniors out of poverty by increasing the minimum benefits paid to low-income seniors. Not only is this the right thing to do from a moral perspective, it is also what the vast majority of the American people want us to do. 61 percent of the American people support expanding Social Security benefits by lifting the cap on taxable income, according to an NBC News/Wall Street Journal poll earlier this year. At a time when millions of Americans are working longer hours for lower wages, even as virtually all of the new income in this country is going to the top one percent, Sen. Sanders’ legislation will begin to reduce the obscene level of income inequality in America. https://berniesanders.com/issues/strengthen-and-expand-social-security/
I'm all for lifting the cap even though it would affect me. Personally, I would like the government to figure out to be more efficient instead of expanding stuff that we can't afford at the moment. I'm all for the things Bernie wants, I just don't see how we can pay for it in the near future. We need to tackle issues like the cost of health care and military budget without sacrificing our security first before we start adding more social programs.
Why do you have the sense that the government is in a state of fiscal crisis? Nothing could be further from the truth.
I think Carson is a more dangerous candidate. Remember, he believes a literal Armageddon will happen in his life time.
Don't think we are in fiscal crisis, but I believe in saving up for a rainy day. I believe in traditional Keynesian economics and think we should target a deficit of 3 percent of the GDP. We should spend less now, so we can spend more when the economy goes to crap or we have to go to war. I also don't believe in more taxes. I think taxes are fine, but there has to be a limit to it. You can't just let the government use taxpayers as a bottomless piggy bank when ever they want to start a new program.
