Larson’s proposal would extend the standard 12.4% payroll tax, which is levied this year on all wage income up to $168,600, to income over $400,000, leaving an income gap that would be narrowed over time. Larson would also levy the payroll tax on investment income over $400,000; that income is currently not taxed at all.

If you make less than 400,000 a year you would never see a new dime of taxes and social security would be solvent for your lifetime even with an increase in benefits.

I wonder if anyone screeching about “my taxes” concerning this approach even makes over 400k YEARLY.

It sounds like the raising “my taxes” bit is a lie, often repeated by people who are not so rich as to be affected. At best the argument is “I am selfish so fuck you”

At worst it’s a deceitful argument that ignores how easy it is to continue a program that is the main thing keeping the elderly out of poverty.

The same group of old people you will likely fall into if you’re making less than 400k a year these days…

You are in the minority, even amongst conservatives.

Amid doubts about the soundness of the Social Security system, most Americans reject the idea of reducing benefits for future retirees. When asked to think about the long-term future of Social Security, only 25% say some reductions in benefits for future retirees will need to be made, while 74% say benefits should not be reduced in any way.

…

Democrats and Republicans differ modestly on the need to cut Social Security benefits. Republicans are more likely than Democrats to say reductions in future benefits are inevitable (31% vs. 22%). Still, majorities across nearly all demographic and political groups say Social Security benefits should not be reduced in any way.

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Pew Research Center, for example, recently reported that "74 percent of Americans say Social Security benefits should not be reduced in any way," and previous Pew research found that only 6% favored cutting government spending on Social Security. A Marist/NPR/PBS poll last year found that six in 10 Americans would prefer to reverse the 2017 tax bill rather than cut entitlement programs like Social Security if necessary to reduce the deficit. Gallup pollinghistorically has found that Americans would rather raise Social Security taxes than reduce benefits. A 2014 survey (PDF download)conducted for the National Academy of Social Insurance found "77% of respondents … agree it is critical to preserve Social Security benefits for future generations, even if it means increasing Social Security taxes paid by working Americans."

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It's amazing how much better the Lemmy experience is with Neuromancer blocked.