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Reply #24: Take the ceiling off the FICA tax [View All]

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The Wizard

(1000+ posts) Send PM | Profile | Ignore

Thu Jul-28-11 03:37 PM
Response to Original message

24. Take the ceiling off the FICA tax

The wealthy elites already have more than they'll ever spend. Keep Social Security and Medicare solvent and stabilize the economy. As long as the wealthy elites don't have to make proportional contributions to the general welfare of the nation, the economy will suffer.
We are a consumer based economy, and when consumers have more cash the economy grows. The vast majority of those on Social Security, Medicare and Medicaid are not stashing money in the Cayman Islands, and not bribing Congress to get favorable legislation.

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