Random thoughts about roadside art, National Parks, historic preservation, philosophy of technology, and whatever else happens to cross my mind.
Tuesday, April 24, 2012
Listening to NPR this morning and heard more of the same old shit about Social Security and fixing its problems. The so-called expert did the usual bloviating about the only solution being to make some cuts somewhere down the road because it would be so difficult to increase revenues. She did the usual tap dancing around, mentioning various solutions that all boil down to reducing benefits, but never mentioned the most obvious and easiest fix: eliminate the earnings cap. Right now, any earnings above $110,100 are exempt from the Social Security tax. Eliminate that exemption, and there's an instant infusion of cash. But do any of the "experts" ever toss that out as a possibility? Nope. It's always blathering on and on about the sacrifices we peasants, the poor saps who will never earn close to $110K, are going to have to make.