Politics

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Dems' Wealth Tax Bill Would Extend Social Security Solvency by 75+ Years: Analysis (www.commondreams.org)

submitted 1 year ago by irongamer to c/politics

29 comments fedilink hide all child comments

"This bill shows that Social Security is fully affordable—as long as the wealthiest among us pay their fair share," said one advocate.

Legislation recently introduced by a pair of Democratic U.S. lawmakers to save Social Security for generations to come would extend the vital social program's lifespan by at least 75 years, according to a federal analysis published Tuesday.

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[–] lemmyatom 3 points 1 year ago

I agree. Politicians like to throw in the term "wealth" to create class division and evoke enough emotion to help push their agendas thru. Also, the 400k universal threshold doesn't make a whole lot of sense...someone making 400k in Mississippi is much better off than someone making 400k in California. What's considered a 'fair share' is hard to quantify, but definitely taxing capital gains equally is a good place to start.