this post was submitted on 26 Nov 2023
1374 points (94.5% liked)
A Boring Dystopia
9781 readers
174 users here now
Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.
Rules (Subject to Change)
--Be a Decent Human Being
--Posting news articles: include the source name and exact title from article in your post title
--Posts must have something to do with the topic
--Zero tolerance for Racism/Sexism/Ableism/etc.
--No NSFW content
--Abide by the rules of lemmy.world
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
SS takes a % of your pay up to a certain amount. I am not sure the "bend points" so I will give fake numbers. Up to maybe $50k per year, you get a very strong "return" for that contribution. Your SS check will be low, but then again, you didn't put in much over your life. Now up to like $100k, you will get a larger check. But not double. From there to like $140k, you still get a larger check, but not 40% more than the $100k.
After $140k, you are no longer required to contribute. With the diminishing returns, it would not have increased the SS check much (if at all) anyways.
What the OP picture is suggesting is to continue to make them pay into SS even though they would get little or no return on it. I see why that makes some sense, but since this is technically not a "tax" but a required pension system, I think they would have to rewrite it all to make sure it was fair that way.