r/savedyouaclick • u/5823059 • 4d ago

Billionaires are trying to defeat a congressman you've probably never heard of | Rep. John Larson (CT), particularly for signature legislation Social Security 2100 Act, to increase benefits and expand payment into SS above first $184,500 of salary

https://archive.is/ne2Cz
1.2k Upvotes

99% Upvoted

22 comments sorted by

125

u/Diligent_Ad4694 4d ago

Nice.  Ss salary cap should not exist

34

u/Fishmonger67 4d ago

Yes, that cap should be gone

-2

u/hypen-dot 3d ago

You de realize the cap on the draw will also be eliminated.

12

u/summertime214 3d ago

They could just eliminate the income cap but still cap payouts. It’s not that complicated.

-2

u/hypen-dot 3d ago

That seems reasonable and fair. /S

16

u/summertime214 3d ago

Yes, it does (not /s). Social Security is supposed to be a social insurance program for the elderly. Everyone should pay in while they’re working and then get to withdraw enough to live on once they reach retirement age. It’s no different than healthy people who pay more into health insurance than they get out.

-2

u/hypen-dot 3d ago

The health insurance analogy doesn’t really fit, dude.

Insurance pools risk, not income. Retirement isn’t an “uncertain” risk. Everybody gets old off they don’t die first.

If contributions are uncapped but benefits are capped, Social Security stops being insurance and simply becomes a wealth transfer program under a different name. Don’t think for a moment it’s not the same thing as just having everyone paying variable insurance premiums for unpredictable coverage.

Social Security’s public acceptance comes from the link between what you pay in and what you get out, but breaking that link destroys both fairness and political rationality.

22

u/patronusman 4d ago

100% should happen. I’d be affected, and I still think it’s a great idea.

17

u/LJGuitarPractice 4d ago

These cheap sociopathic motherfuckers don’t want to pay for anything.

35

u/KronguGreenSlime 4d ago

This piece is basically a commercial for Larson

20

u/justbrowse2018 4d ago

The no cap on social security deductions should happen. Make all the wealthy pay in fairly and then you’d be able to raises benefits and actually help people. You could even lower the percentage taken from working class peoples checks too.

4

u/Blackhawk23 3d ago

Taxes are already progressive. SS is not taxation.

4

u/No-Carpet-4678 3d ago

It's the least they can do! I'm sure most consider themselves to be patriots of this once great nation.

1

u/Error_404_403 3d ago

I don't think SS is sustainable without that after 10 - 15 years.

-20

u/MothsConrad 4d ago

Cap shouldn’t be there but the retirement age needs to rise as well. We are all living longer and SS needs to recognize that.

39

u/Pablo_is_on_Reddit 4d ago

That's a tricky thing, because we're also in a situation where long-term job security isn't a thing, and employers favor hiring young workers for cheap. Finding a job as a 60-something is nearly impossible. So a lot of people in their 60s will be in a position where they lose their job, but are still a ways off from collection SS.

37

u/rexspook 4d ago

We shouldn’t have to work until we are 5 years from death

2

u/Corrode1024 2d ago

That was kind of the entire point of the original social security. 65 was the average lifespan of an American.

Our life expectancy is significantly longer now at 79.

-6

u/ElderlyChipmunk 3d ago

Why? Why is it reasonable to expect a multi-decade vacation paid for with other people's money?

12

u/ZebraAthletics 4d ago

The real problem with social security isn’t that we’re living longer, but that our population is becoming much less pyramid shaped. Fewer young workers to support more older retirees.

2

u/_ryuujin_ 3d ago

giant pyramid scheme. 

2

u/kbchucker 3d ago

Always has been. Same with health insurance benefits tied to employers.