Make Social Security Taxes More Progressive, Create Livable Pensions
Social Security payments are the most regressive taxes we have, costing poorer people more money than other taxes (and were increased and made ...more »
Social Security payments are the most regressive taxes we have, costing poorer people more money than other taxes (and were increased and made worse by Reagan to subsidize his tax breaks for the wealthy).
While these taxes have so far always been equally shared by employers and employees, even FDR (President Roosevelt) had wanted Social Security to be less burdensome for employees.
There are a variety of methods for making these taxes more equitable and we should examine what European and other OECD countries do to ensure a livable pension for those reach retirement age.
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