Democratic Social Security plan
by Painter2004, Thu Feb 03, 2005 at 08:30:11 PM EST
After thinking about Socail Security for awhile I have come to the conclusion that Democrats need a Progressive reform plan for Socail Security. One I think is to lift the cap on Social Security and also Medicare so the rich elitist pay their FAIR SHARE and two make the first 10k or 20k of income FICA tax except, but still give people credits for that money earned. Now this a far superior plan to the Bush plan and this could truly encourage personal invest while not negatively affecting Social Security in any way (no increase in the retirement age, no benifit cuts, and longterm fiscal stability) and it's far less complicated.
There are some details that would need to be worked out for instance; what should be the cap for employers share; should their be a cap at all on employers?
I believe Democrats should put forward a progressive plan, something that all Democrats can stay they stand for.