Eliminating the cap on Social Security making all wages taxable at 6.2% would help in funding Social Security.
Im not sure how much that would raise if the cap were removed
completely; does anyone know? But I do think it should be removed
completely.
Ironically, those who need Social Security the least
are those who benefit the most and they in this high income bracket are
taxed the least.
And, even more
ironic, it is these well-heeled people who are first in line to make
sure they get every penny they can out of Social Security who lecture us
that Social Security is not needed.