The original sin of Social Security is that it’s a radically redistributive program that was sold to the public as an insurance/annuity program, and people continue to understand it as such.
Dan Cassino
On the contrary, I believe that raising the cap on incomes for Social Security taxes above the current ceiling of $184,500 is the best and fairest option and would likely be politically popular. It still leaves plenty of room for taxing the rich, even if it brings their effective tax rate over 50%.
