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Tag Archive for ‘Income cap’

If we extend Social Security benefits to the richest, we can stop fiscal hawks’ insane crusade to raise the retirement age to 70

Under the current Social Security rules, anything we do that creates a higher percentage of low paid workers than currently, results in a larger deficit for the entire government pension system and hastens the day when less money is paid into FICA taxes than is paid out in benefits. The reason: Social Security has been “adjusted” many times by politicians to become an extremely regressive program. As a result, the […]

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