Reply #5: Removing the cap on FICA makes sense for a lot of reasons [View All]

...not the least of which is the fact that all the money which doesn't go directly to the elderly gets sucked into the general fund, where all the income taxes go. Therefore, FICA has been a back door income tax increase on the poorest workers since Ronnypoo doubled it in the 1980s.
Since so much of it is thinly disguised income tax, it only stands to reason that all income should be taxed.

The wealthy have long championed a flat tax. Well, let's give them a real one to test their fortitude. Since FICA isn't that large a tap, falling far short of the usual 15-20% hit proposed by flat-taxers, it's a perfect place to start.

I say do it now. Let them pay, and let them see what they've done to the rest of us with the most regressive tax of all.