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Friendly reminder that all we need to do to make it solvent is get rid of the cap.
It's insane we have a max limit and not a minimum. Someone making 160k won't even notice the 6.2% on all of it, someone making 20k tho the 6.2% is life-changing.
The existing system was never designed for this level of wealth inequality.
Unfortunately the Republicans want to break it further and the Dem leadership refuse to acknowledge the obvious solution.
It's actually insane how little payroll deductions hit when you're at the 401k and social security max for the year. It's normal to see 1-2k more per check. Everyone benefits directly or indirectly from social security and we should all pay into it.
Yeah, who cares about the family with a 50k household income...
The cap allows people who can already max out their 401k to get an extra 1-2k every check the last couple months of the year!
You've changed my mind good sir
Obviously the wealthy deserve that extra income.
I'm not sure I phrased it correctly, I was saying that it's insane that checks get larger for the wealthy. I don't like it either. I fully agree with your point that the cap should be removed.
You phrased it correctly, they read it wrong.