America Needs To Move Seniors Out of Poverty and to Stop Choosing Between Food & Medicine
By Thom Hartmann A...
For decades, progressives have been talking about eliminating the cap on the Social Security tax and raising Social Security benefits enough that retired and disabled people can actually survive. It makes no sense that working class people have to pay Social Security tax on 100% of their income and a billionaire might pay the Social Security tax on less than 1% of his income, At the same time seniors are cutting pills in half and literally eating dog food. Warren wants to use the money from removing the cap to give everybody on Social Security a $200 a month raise, which will lift 5 million seniors out of poverty, cut the senior poverty rate by 68%, and provide a strong stimulus to the economy because virtually every penny of that money will rapidly be spent.It's time that wealthy people pay their fair share of Social Security taxes, and disabled and retired Americans who are struggling to get by in this Reaganomics economy don't have to make life and death decisions like, "Do I buy food or do I buy my prescription drugs?"
-Thom
Comments
#2
Eliminating the cap on SS would be such a simple fix. and most people would hardly notice. There's no cap on my school taxes, property taxes, sales tax, income tax, etc.
God forbid we should cripple the well to do with such a burden.
#3
Since there is so much money in the economy fixing SS should not be an issue... now come on!
#4
Andy Serrano
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#5
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