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Capping payout should not be any more of a problem than throwing people off food stamps.

Of course.

Payout should be capped at the payment level the median income would result in.

Ok. My misunderstanding. I thought you meant capped contribution

It’s my money.

Most people have NO IDEA there is a threshold above which taxes and not taken. I was one of them 30 years ago.

If the government didn’t steal from Social Security it would already be plenty solvent.

Which turns it from a social-insurance program into wealth redistribution.

This is really not at all how social security works!

Billionaires need to pay for the mess they made! Raise the taxes on billionaires until the National Debt is paid, and provide national healthcare and merit-based free college.

Social Security was designed as a program to guarantee individuals saved for their future. As it stands, due to huge amounts of SS Fraud allowed by Dems, SS benefits will be cut back by 2034 for ALL Americans, except members of congress that have exempted themselves from SS.

What can we do to make this happen, bernie? Its been obvioud for years that the rich do not pay their share and the exception you just described confirms that. People who earn over $250,000 should pay taxes at the same rate as those earn $75,000 per year.

Bernie's specious argument needs further thought.

It already is. There is a maximum payout level

There’s no limit to what we can do with more of someone else’s money.

Wise one!

I think what needs to be capped is CEO and executives pay, stock, and benefits packages. Just a thought.

The whole SS thing is constantly misrepresented. Those that make above the cap don't pay anything into SS. They also don't get payouts. To have inputs from the richest help SS then payouts would have to be capped while inputs are unlimited.

I think it is?

And retired billionaires don't need social security, they probably get it anyway...

That would mean Social Security has become a tax if benefits are capped. Social Security is a retirement investment, not a tax.

I'm in!

Of course, as it is now, taxes on Social Security Income can only be used for the SS Program. Meaning, if the program took in more than they pay out, the taxes get reduced. Make it a fully self-funded program, with payroll taxes pre-loading it and taxes on (excessive) benefits to bring up the rear.