Monday, January 29, 2007

A Reasonable First Step: Social Security

I made a suggestion sometime ago about a reasonable first step for Medicare, by letting small businesses buy into medicare to create a inflow of cash and increase the size of the pool with younger healthier workers. Now I have a couple of reasonable first steps for a failing Social Security System. First remove the cap on taxable income. There is no reason that Ross Perot has to pay S.S. taxes on only the first $90k. and nothing on the rest. Second, If your over 65yo and your income is over $200k, you don't get S.S. Why does Warren Buffit get a S.S. check? Something has to be done to sure up the system and someone will have to sacrifice, it might as well be those that can afford it.