I’m not voting for a tax hike that caps benefits for those who pay more in. Social Security is not supposed to be a general tax. The tax paid is supposed to be related to the amount received in retirement.
The point of social security is to pool resources so that everyone can enjoy a basic amount of security in retirement. The inevitable result of that is that some people will pay less in and get more out of it and vice versa. Everyone will pay the same percentage of their income under this plan, and it doesn't really need to be said that 12.4% of your wage is a much bigger sacrifice to make if you are making $25,000 compared to if you are making $300,000, even if that percentage contributes less money into the system.
The point of Social Security is that it's not yet another excuse to soak the so-called rich without giving them commensurate benefits.
I'll probably be the only one, but unless you uncap the amount you can earn, I'm voting no.
