We don’t necessarily need higher taxes, we could probably put an income cap on SS benefits, remove the cap on SS taxes, and fund it with the excess.
We don’t necessarily need higher taxes, we could probably put an income cap on SS benefits, remove the cap on SS taxes, and fund it with the excess.
humanspiral@lemmy.ca 1 day ago
An extremely weird thing GOP did, but explained as Trump diaper lickers, is make SS tax free, even though they’ve been pressuring for SS diminishment reform in last 8 years. A very simple alternative that could have been done is taxes on SS income could flow back into SS fund to strengthen it.
Overall, increased taxes on investment income alone can pay for UBI.