The rich stopped paying yesterday. But they are still getting the max payout when they retire. When they retire on your taxes.
From Social Security Works:
millionaires and billionaires will stop paying into Social Security. To
shine a spotlight on this unfair policy, Social Security Works is
joining with Social Security Champion Bernie Sanders for a national day
now, the way we fund Social Security―a regressive practice that only
applies to the first $127,200 of a wage earner’s income―contributes to
wealth and income inequality in the U.S.
A millionaire won’t pay anything into our Social Security system for at least the last ten and a half months of the year.
This is because our Social Security system is primarily funded by
payroll contributions (or FICA). Once the FICA cap of $127,200 is
reached, millionaires and billionaires stop paying into the system,
while the vast majority of Americans continue to pay in on all of their
Security benefits provide critical financial stability to seniors,
children, surviving spouses and veterans. It is outrageous that
Republicans―at the behest of their Wall Street backers―continue to call
for cuts to Social Security based on a future projected shortfall to the
trust fund when all we need is to ask millionaires and billionaires to pay their fair share!
Call Senator Mitch McConnell and Senator Rand Paul today: (202) 224-3121
Suggested call script:
My name is Lisa Aug and I live in Kentucky.
I am calling because for the rest of the year, millionaires and billionaires won’t pay into Social Security.
urge the Senator to support legislation that lifts the Social Security
payroll cap so that the wealthy pay their fair share into Social
Security all year--just like the rest of us.
when they do, we’ll be able to extend the lifespan of the Social
Security Trust Fund and expand benefits for millions of Americans.
I urge the Senator to “scrap the cap” on Social Security payroll contributions. Thank you.
Thank you for standing with Social Security Works and Senator Bernie Sanders in our fight to protect and expand Social Security.
"Blue" in Blue in the Bluegrass refers to my politics, not my state of mind, although being progressive-democratic in Kentucky is not for the faint of heart.
The Bluegrass Region of Kentucky is Central Kentucky, the area around Lexington. It's also sometimes known as the Golden Triangle, the region formed by Louisville in the west, Cincinnati in the north and Lexington in the east-south corner. This is the most economically advanced, politically progressive and aesthically beautiful area of the state. Also the most overpopulated by annoying yuppies and the most endangered by urban sprawl.
A Yellow Dog Democrat is one who will vote for even a yellow dog if it is running as a Democrat. I can't claim to be quite that fanatically partisan, especially since quite a few candidates who run as Democrats in Kentucky are more Republican than a lot of Republicans I can name.
But I do love the story Kentucky House leader Rocky Adkins never tires of telling about the old-timer in Eastern Kentucky who was once accused of being willing to vote for Satan if Satan ran as a Democrat. Spat back the old-timer:
"Not in a primary, I wouldn't!"