Astonishing Ignorance

Maybe this is a repeat, but Kadizzle is always amazed when he ask the magic question.  At random ask just about anyone if they know Social Security is not withheld from any dollar you earn over $138,000.  You will find ninety five percent of the people will look at you in astonishment when you tell them high earners do not pay social security.  Your typical wage earner is clueless about the mathematics of saving money.  If you could save seven percent of your salary every year for your working life you would have a very substantial amount of money.  Look at it this way.  Assume the cap on social security was at one hundred thousand dollars.  A person making one hundred thousand dollars would pay seven thousand dollars.  A person making two hundred thousand would only pay seven thousand dollars.  The person with the better paying job would get a bonus of seven thousand dollars.  What sense does this make? None is the answer, but virtually no one except high earners knows this goes on.   If the situation was reversed and people in low income brackets payed less it would make much more sense.  Young people need money for housing, education, childcare, you name it.  So why not make the first 25,ooo taxed at two percent.  The next at five percent, and there after every dollar earned pays seven percent.  If this were the case social security would be flooded with money, we could have health care, and prosperity would rain.  Everyone could retire at sixty two.  Now with the greed dogs in charge Republicans want to abolish social security.  The rich already get a massive break, but they want more.  The Republicans don't want people to know social security is upside down.  What Republicans are proposing is everyone gets less, and everyone works until age 72.   This is greed gone wild for the rich.  Who cares the flat screen tv works,  got a bib pickup truck with shiny wheels, a tattoo, and the fishing boat has gas.  Why would anyone care that they are being robbed by the Republicans?