Effective Tax Rates- taxes on the wealthy spurring surplus

Michael Pollak mpollak at panix.com
Sat Jan 30 14:27:48 PST 1999


On Sat, 30 Jan 1999, Nathan Newman wrote:


> Should we demand that social security taxes be assessed against those making
> more than $65,000 per year (or whatever the cap it right now) in order to
> cut rates for everyone else - or to fuel expanded benefits for everyone? I
> think that's a good strategy but a lot of folks argue it would undermine the
> idea of Social Security as a pension system.

Nathan, could you explain this argument against raising the cap? I've always wondered why this was a path not taken.

Michael

__________________________________________________________________________ Michael Pollak................New York City..............mpollak at panix.com



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