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Raising the Social Security Cap

JaxsonRaine
Posts: 3,606
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5/19/2012 3:57:43 PM
Posted: 4 years ago
Would raising the SS cap do anything to help the SS deficit problem? Unless I'm mistaken, raising the cap would raise SS revenues, but also increase SS entitlements. If SS were perfectly efficient(our government isn't), then it seems there would be a null effect, but as SS is currently short of perfect efficiency, wouldn't this only serve to increase the problem?
twocupcakes: 15 = 13
Contra
Posts: 3,941
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5/19/2012 4:06:38 PM
Posted: 4 years ago
The Simpson Bowles Commission said the cap should be raised, and benefits modestly cut to expand the life of Social Security.
"The solution [for Republicans] is to admit that Bush was a bad president, stop this racist homophobic stuff, stop trying to give most of the tax cuts to the rich, propose a real alternative to Obamacare that actually works, and propose smart free market solutions to our economic problems." - Distraff

"Americans are better off in a dynamic, free-enterprise-based economy that fosters economic growth, opportunity and upward mobility." - Paul Ryan
jimtimmy
Posts: 3,953
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5/19/2012 10:18:42 PM
Posted: 4 years ago
I support increasing the retirement age.

I also support incorporating individualized accounts in place of or along with SS.
President of DDO
Ron-Paul
Posts: 2,557
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5/23/2012 7:13:46 PM
Posted: 4 years ago
At 5/19/2012 3:57:43 PM, JaxsonRaine wrote:
Would raising the SS cap do anything to help the SS deficit problem? Unless I'm mistaken, raising the cap would raise SS revenues, but also increase SS entitlements. If SS were perfectly efficient(our government isn't), then it seems there would be a null effect, but as SS is currently short of perfect efficiency, wouldn't this only serve to increase the problem?

It would. +1 on the observation.
JaxsonRaine
Posts: 3,606
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5/23/2012 7:19:45 PM
Posted: 4 years ago
At 5/23/2012 7:13:46 PM, Ron-Paul wrote:
At 5/19/2012 3:57:43 PM, JaxsonRaine wrote:
Would raising the SS cap do anything to help the SS deficit problem? Unless I'm mistaken, raising the cap would raise SS revenues, but also increase SS entitlements. If SS were perfectly efficient(our government isn't), then it seems there would be a null effect, but as SS is currently short of perfect efficiency, wouldn't this only serve to increase the problem?

It would. +1 on the observation.

So anyone who advocates raising the cap is essentially saying 'raise the cap, but no extra benefits'.

In other words, Robin Hood.
twocupcakes: 15 = 13
Ron-Paul
Posts: 2,557
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5/23/2012 7:26:18 PM
Posted: 4 years ago
At 5/23/2012 7:19:45 PM, JaxsonRaine wrote:
At 5/23/2012 7:13:46 PM, Ron-Paul wrote:
At 5/19/2012 3:57:43 PM, JaxsonRaine wrote:
Would raising the SS cap do anything to help the SS deficit problem? Unless I'm mistaken, raising the cap would raise SS revenues, but also increase SS entitlements. If SS were perfectly efficient(our government isn't), then it seems there would be a null effect, but as SS is currently short of perfect efficiency, wouldn't this only serve to increase the problem?

It would. +1 on the observation.

So anyone who advocates raising the cap is essentially saying 'raise the cap, but no extra benefits'.

In other words, Robin Hood.

I don't know, but that's my stance. And I'm the opposite of Robin Hood.