The Mudcat Café TM
Thread #76927 Message #1370605
Posted By: Bobert
03-Jan-05 - 11:21 PM
Thread Name: BS: Bush to shut down 80% of colleges by '08
Subject: RE: BS: Bush to shut down 80% of colleges by '08
Well, Biskit, there are lots of plans out there... One of which is creating a surcharge on income over $80,000 a year per person. The current system exempts all wages above that amount. In other word, the SS sysytem is regressive in that the rich allready are exempted from participation beyond the $80,000 a year mark. If you were to put a surcharge on those earnings of 3 or 4% then SS would be solvent until well past 2050 without putting old folks into poverty...
That's just one idea...
Bleeding the system ain't gonna fix anything...
Bobert