[lbo-talk] Tuff Lib'rul

[Wojtek Sokolowski]

Doug:
> I never checked this out myself, but someone (reliable) told me that
> during the initial Congressional debate over SS it was made very
> explicit that the system should be funded by taxes on labor, not
> capital - thus the salary cap and the exemptions of nonwage income.
> 

Do you know what the rationale behind that was?

Wojtek