What do you think of Obama adding Social Security Tax to incomes above $250,000?

Social Security was never meant to be used this way. People seem to think this is something everyone should be eligible for or that's it's meant to be a retirement fund. If you make that kind of money you should be saving for retirement on your own. It's amazing how people, even Republicans who don't want to pay for Universal Health care or other social services, seem to think everyone should be entitled to social security. This is ridiculous. We didn't always have it. It was developed as a supplemental income to keep people from being destitute.

I'm a democrat and I think we should abolish social security or at least make it subject to the market, rather than forcing government to bankroll your retirement because you were to irresponsible too save.

Once Obama levy a higher tax rate on the top 1-3% of the tax bracket, Social Security will be solvent. The reason social security seems to be running out is because in the last 7 years, Bush had the Middle Class footing the entire bill (literally). Obama will reverse that and have the those in the top income bracket footing a higher percentage while the Middle Class, a less percentage - that's optimal. It the same structure Bill Clinton used and America achieve a surplus and a chance to pay down the national debt until Bush squandered it. Obama 08!!

Since the people that make over $250.000.00 a year are considered "wealthy" and are in the top 3% income level, they have the joy of paying over 80% of the taxes in this country.

Sure, it's great for the people that earn considerably less to want even more government hand outs that they can posibly justify by their incomes. Far better to blame the "rich" for their lack of job skills or incentive.

Right, and now Obama wants to make ME pay more into an account that I will never collect from. How about allowing me to invest my money in a retirment fund that will show returns far greater that any thing Social Security will ever deliver?

But that will never happen. The vast majority of the voting public wants to take money, hard earned, from people that had the guts and drive to EARN it.

None have ever read Ayn Rand.

I think it is a step in the right direction, but I am not sure if it is ethical. Sure the richer are getting richer and the poor getting poorer. but is it fair to tax them extra.

As it is, they are paying a higher tax rate on that higher income, and can afford to employ people to find every loophole in the tax code to reduce what they have to pay.

I may not be an American, but in this case I think we have the same situation here, and it will also happen Internationally.

Nowhere is it guaranteed that a person earning that income will always earn that much. They could easily lose that high paying job, and end up earning a more modest income, where they might eventually need to rely on SS benefits. It would seem fair, then, that they were always paying into the SS "pot", even when it was assumed that they would never need to use it.

I think it's about f*****g time. The richest 1/10 of 1% of the U.S. population (300,000 people) currently control more wealth than the bottom 50% (150,000,000 people). I just love how the defenders of the rich heap blame on the poor for not pulling their weight and not contributing to society, then whine when the idea of getting the rich to contribute some of their obscene wealth to help give the poor the basic tools that would help them contribute is even raised. Why should the poor care about the society, national or global, if the rich don't?

Just another example of taxing one person to give the money to another.

The whole idea about Social Security is that what you get out of the system is proportional to what you paid in. If you are going to tax these people - shouldn't you allow them to receive the benefits?

Besides - you aren't going to get enough money out of these people to make a difference anyway (remember you are talking about 3%).

I think the wealthy get away with too much, why should we get social security tax out of our paychecks, and not them??? Its not fair, I am for the social security tax for incomes above $250,000

I have no problem with it.

But I see the actors in hollywood, already planning on how to

Change thier contracts, so what they make for movies, is not considered income, but an investment, that won't be taxed.

Great Idea !

But will the dough nut hole continue to shrink?

But it is meaningless without additional safeguards, like preventing from drawing $ from SS fund.