What can be done to rectify this, potential disaster as the US is currently facing a "Fiscal Cliff" with the shitball conservatives taking a stance in direct opposition to my own well-being?
Currently, employees pay 6.2% of their wages until they earn $110,100 in a given year into the system.
First, the income cap should be going in the opposite direction...income earners should be contributing from the highest, downward to the $110,100 threshold which can be adjusted up or down as needed.
Second, there should be no cap on income at all. If a person earns anything over the cap of $110,100 in a year...that person should continue making contributions for his/her entire year's income. That would immediately remedy the problem.
Third, assuming our inept government is not prepared to adopt either of the above...the $110,100 cap on income should be raised to at last $200,000 to $250,000.
Any of the above, three options will immediately solve the Social Security issue.
As to our "Fiscal Cliff" and aside from Social Security...cut back on our handouts to the rest of the world! We (taxpayers) just can't continue handing our money out to the rest of the world! I really have no idea how much money is given to what countries but it has to stop (or at least cut it in half for starters)! No more billions to Egypt! No more billions to Israel! No more billions to anyone! Okay...cut it all in half right now. The result: financial security for the United States and a solution to our own economic challenges. We can focus on helping ourselves for a change, eh? This isn't about "Entitlements"! It's about caring for our own citizens first ( ! )...for a change.
Then...we can get down to the business of removing tax breaks for the wealthy, bailouts and subsidies to corporations, and maintaining a military-industrial stance while starting inane wars around the world. Maybe we can close up the tax-evasion loopholes utilized by people like Romney, eh?
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